FedEx Co. (NYSE:FDX) Shares Acquired by Stonebrook Private Inc.

Stonebrook Private Inc. increased its stake in shares of FedEx Co. (NYSE:FDX) by 8.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 743 shares of the shipping service provider’s stock after purchasing an additional 56 shares during the quarter. Stonebrook Private Inc.’s holdings in FedEx were worth $203,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LRI Investments LLC purchased a new stake in shares of FedEx during the first quarter worth approximately $123,000. Epoch Investment Partners Inc. raised its holdings in shares of FedEx by 4.3% in the 1st quarter. Epoch Investment Partners Inc. now owns 2,367 shares of the shipping service provider’s stock valued at $686,000 after purchasing an additional 97 shares in the last quarter. BOKF NA lifted its position in shares of FedEx by 0.9% during the 1st quarter. BOKF NA now owns 8,808 shares of the shipping service provider’s stock worth $2,467,000 after purchasing an additional 81 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of FedEx by 8.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,056,561 shares of the shipping service provider’s stock worth $306,129,000 after purchasing an additional 82,201 shares in the last quarter. Finally, Econ Financial Services Corp purchased a new position in FedEx in the first quarter valued at $923,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 1.6 %

Shares of FedEx stock opened at $299.97 on Friday. The company has a market cap of $73.29 billion, a P/E ratio of 18.51, a PEG ratio of 1.23 and a beta of 1.17. The firm has a fifty day moving average of $276.34 and a two-hundred day moving average of $277.54. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. FedEx Co. has a one year low of $234.45 and a one year high of $313.84.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $21.87 billion. During the same quarter in the previous year, the business earned $4.55 EPS. FedEx’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts forecast that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, December 9th. FedEx’s payout ratio is 34.05%.

Analysts Set New Price Targets

FDX has been the subject of several analyst reports. StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Bernstein Bank upped their price target on FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Daiwa America cut shares of FedEx from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. Bank of America lowered their target price on shares of FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, HSBC lowered shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price target on the stock. in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and a consensus price target of $316.04.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.