FedEx Co. (NYSE:FDX) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its stake in shares of FedEx Co. (NYSE:FDX) by 4.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 157,002 shares of the shipping service provider’s stock after acquiring an additional 7,238 shares during the period. Natixis Advisors LLC’s holdings in FedEx were worth $42,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital International Investors lifted its position in FedEx by 32.5% during the 1st quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider’s stock worth $2,558,718,000 after acquiring an additional 2,163,622 shares in the last quarter. Ameriprise Financial Inc. lifted its position in FedEx by 34.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock worth $674,336,000 after acquiring an additional 578,350 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in FedEx by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider’s stock worth $654,312,000 after purchasing an additional 121,240 shares during the last quarter. Sentry LLC increased its holdings in FedEx by 0.5% during the 2nd quarter. Sentry LLC now owns 1,219,405 shares of the shipping service provider’s stock worth $365,626,000 after purchasing an additional 6,657 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in FedEx by 8.4% during the 1st 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 during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Up 0.7 %

NYSE:FDX opened at $294.46 on Monday. 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 Co. has a 12-month low of $234.45 and a 12-month high of $313.84. The business has a 50 day simple moving average of $275.40 and a 200 day simple moving average of $276.48. The firm has a market capitalization of $71.94 billion, a P/E ratio of 18.17, a P/E/G ratio of 1.23 and a beta of 1.17.

FedEx (NYSE:FDX) last announced 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). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. During the same quarter last year, the firm posted $4.55 EPS. The company’s revenue was down .5% compared to the same quarter last year. Equities research analysts predict that FedEx Co. will post 19.59 EPS for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be given a dividend of $1.38 per share. The ex-dividend date is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 1.87%. FedEx’s dividend payout ratio (DPR) is presently 34.05%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FDX shares. UBS Group dropped their price objective on FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Stifel Nicolaus dropped their price objective on FedEx from $327.00 to $321.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Raymond James dropped their price objective on FedEx from $335.00 to $330.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Robert W. Baird dropped their price objective on FedEx from $340.00 to $320.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Finally, The Goldman Sachs Group dropped their price objective on FedEx from $333.00 to $332.00 in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.