Schulhoff & Co. Inc. Purchases 500 Shares of FedEx Co. (NYSE:FDX)

Schulhoff & Co. Inc. grew its holdings in FedEx Co. (NYSE:FDX) by 61.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,315 shares of the shipping service provider’s stock after acquiring an additional 500 shares during the quarter. Schulhoff & Co. Inc.’s holdings in FedEx were worth $360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Evermay Wealth Management LLC boosted its holdings in FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after purchasing an additional 40 shares during the period. Highline Wealth Partners LLC acquired a new stake in shares of FedEx in the third quarter valued at approximately $31,000. Central Valley Advisors LLC bought a new stake in shares of FedEx in the second quarter valued at approximately $39,000. Abound Wealth Management grew its position in FedEx by 175.9% during the second quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock worth $45,000 after buying an additional 95 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in FedEx during the 3rd quarter worth $47,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Up 1.7 %

Shares of FedEx stock opened at $292.08 on Thursday. The stock’s 50-day moving average is $275.04 and its 200 day moving average is $275.95. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The firm has a market cap of $71.36 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.15 and a beta of 1.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24.

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

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.89%. The ex-dividend date was Monday, September 9th. FedEx’s dividend payout ratio (DPR) is currently 34.05%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Daiwa America lowered FedEx from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research note on Wednesday. Robert W. Baird dropped their target price on shares of FedEx from $340.00 to $320.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. BMO Capital Markets reduced their price target on shares of FedEx from $325.00 to $300.00 and set a “market perform” rating on the stock in a research report on Friday, September 20th. Finally, Bank of America lowered their price objective on shares of FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $316.04.

FedEx 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.