Smithfield Trust Co. decreased its position in FedEx Corporation (NYSE:FDX) by 27.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,242 shares of the shipping service provider’s stock after selling 866 shares during the period. Smithfield Trust Co.’s holdings in FedEx Corporation were worth $487,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of FedEx Corporation by 1,912.1% in the 1st quarter. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider’s stock worth $2,892,768,000 after acquiring an additional 14,086,601 shares during the last quarter. Harbour Capital Advisors LLC lifted its holdings in shares of FedEx Corporation by 21,011.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,424,815 shares of the shipping service provider’s stock worth $6,556,000 after acquiring an additional 1,418,066 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of FedEx Corporation by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 17,997,225 shares of the shipping service provider’s stock worth $3,512,158,000 after acquiring an additional 918,896 shares during the last quarter. Pioneer Investment Management Inc. lifted its holdings in shares of FedEx Corporation by 1,611.5% in the 1st quarter. Pioneer Investment Management Inc. now owns 870,646 shares of the shipping service provider’s stock worth $169,906,000 after acquiring an additional 819,777 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of FedEx Corporation by 360.6% in the 1st quarter. Nordea Investment Management AB now owns 935,838 shares of the shipping service provider’s stock worth $182,629,000 after acquiring an additional 732,644 shares during the last quarter. 75.86% of the stock is owned by institutional investors and hedge funds.

Shares of FedEx Corporation (FDX) opened at 214.83 on Friday. The firm has a market cap of $57.63 billion, a PE ratio of 19.41 and a beta of 1.28. FedEx Corporation has a 52 week low of $159.55 and a 52 week high of $219.99. The company has a 50 day moving average of $209.74 and a 200 day moving average of $201.96.

FedEx Corporation (NYSE:FDX) last released its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 EPS for the quarter, topping the consensus estimate of $3.88 by $0.37. The business had revenue of $15.70 billion during the quarter, compared to analyst estimates of $15.56 billion. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The company’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.30 earnings per share. On average, equities research analysts anticipate that FedEx Corporation will post $13.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, September 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. FedEx Corporation’s dividend payout ratio is presently 18.08%.

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In related news, Director Kim Jabal sold 609 shares of the stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $216.13, for a total value of $131,623.17. Following the completion of the transaction, the director now owns 2,100 shares in the company, valued at approximately $453,873. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John A. Edwardson sold 2,208 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $208.14, for a total transaction of $459,573.12. Following the completion of the transaction, the director now owns 30,608 shares of the company’s stock, valued at approximately $6,370,749.12. The disclosure for this sale can be found here. Insiders sold a total of 77,757 shares of company stock valued at $16,447,426 in the last quarter. 8.45% of the stock is currently owned by insiders.

Several equities analysts have recently commented on FDX shares. Bank of America Corporation restated a “buy” rating and issued a $240.00 price objective (up from $230.00) on shares of FedEx Corporation in a report on Wednesday, June 21st. Cowen and Company reiterated an “outperform” rating and set a $240.00 target price on shares of FedEx Corporation in a report on Wednesday, June 21st. Credit Suisse Group increased their target price on shares of FedEx Corporation from $237.00 to $242.00 and gave the stock an “outperform” rating in a report on Friday. Zacks Investment Research upgraded shares of FedEx Corporation from a “hold” rating to a “buy” rating and set a $222.00 target price on the stock in a report on Friday, June 2nd. Finally, Loop Capital reiterated a “buy” rating and set a $234.00 target price on shares of FedEx Corporation in a report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $223.85.

About FedEx Corporation

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

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