National Mutual Insurance Federation of Agricultural Cooperatives held its position in shares of FedEx Corporation (NYSE:FDX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,000 shares of the shipping service provider’s stock at the close of the second quarter. FedEx Corporation makes up approximately 0.1% of National Mutual Insurance Federation of Agricultural Cooperatives’ investment portfolio, making the stock its 21st largest position. National Mutual Insurance Federation of Agricultural Cooperatives’ holdings in FedEx Corporation were worth $3,477,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. FNY Managed Accounts LLC purchased a new position in FedEx Corporation during the first quarter worth about $100,000. Riggs Asset Managment Co. Inc. raised its stake in FedEx Corporation by 163.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock worth $105,000 after purchasing an additional 300 shares during the period. Cribstone Capital Management LLC raised its stake in FedEx Corporation by 1.2% during the second quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock worth $107,000 after purchasing an additional 6 shares during the period. Alexandria Capital LLC raised its stake in FedEx Corporation by 2.5% during the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock worth $117,000 after purchasing an additional 13 shares during the period. Finally, Hefty Wealth Partners raised its stake in FedEx Corporation by 26.0% during the second quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider’s stock worth $136,000 after purchasing an additional 130 shares during the period. 75.89% of the stock is currently owned by hedge funds and other institutional investors.

FDX has been the topic of a number of analyst reports. Bank of America Corporation reaffirmed a “buy” rating and set a $240.00 target price (up from $230.00) on shares of FedEx Corporation in a research note on Wednesday, June 21st. Deutsche Bank AG set a $235.00 target price on shares of FedEx Corporation and gave the stock a “buy” rating in a research note on Wednesday, June 21st. UBS AG reissued a “buy” rating and issued a $235.00 price target (up from $215.00) on shares of FedEx Corporation in a research note on Wednesday, June 21st. Loop Capital reissued a “buy” rating and issued a $234.00 price target on shares of FedEx Corporation in a research note on Tuesday, July 4th. Finally, Cowen and Company reissued a “buy” rating and issued a $240.00 price target on shares of FedEx Corporation in a research note on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $228.26.

FedEx Corporation (NYSE FDX) opened at 225.06 on Friday. The firm has a market capitalization of $60.35 billion, a PE ratio of 21.22 and a beta of 1.31. The stock’s 50 day moving average is $217.17 and its 200-day moving average is $205.79. FedEx Corporation has a 1-year low of $168.00 and a 1-year high of $227.00.

FedEx Corporation (NYSE:FDX) last issued its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.66). FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. The company had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.35 billion. During the same quarter in the prior year, the firm earned $2.90 earnings per share. FedEx Corporation’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities research analysts forecast that FedEx Corporation will post $12.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 11th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, September 8th. FedEx Corporation’s dividend payout ratio is currently 18.87%.

In related news, CEO Michael L. Ducker sold 14,964 shares of FedEx Corporation stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the sale, the chief executive officer now directly owns 53,397 shares in the company, valued at $12,059,712.45. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John A. Edwardson sold 2,208 shares of FedEx Corporation 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 sale, the director now owns 30,608 shares in the company, valued at $6,370,749.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,172 shares of company stock worth $6,039,193. Company insiders own 8.45% of the company’s stock.

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FedEx Corporation Company Profile

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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