Spirit of America Management Corp NY increased its stake in shares of FedEx Corporation (NYSE:FDX) by 13.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,300 shares of the shipping service provider’s stock after buying an additional 500 shares during the quarter. Spirit of America Management Corp NY’s holdings in FedEx Corporation were worth $970,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in FDX. Fort Washington Investment Advisors Inc. OH lifted its position in FedEx Corporation by 86.7% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 5,357 shares of the shipping service provider’s stock worth $1,045,000 after buying an additional 2,488 shares in the last quarter. Artisan Partners Limited Partnership raised its position in FedEx Corporation by 1.2% in the first quarter. Artisan Partners Limited Partnership now owns 1,205,969 shares of the shipping service provider’s stock valued at $235,345,000 after purchasing an additional 14,099 shares during the period. Comerica Securities Inc. raised its position in FedEx Corporation by 79.7% in the first quarter. Comerica Securities Inc. now owns 3,232 shares of the shipping service provider’s stock valued at $631,000 after purchasing an additional 1,433 shares during the period. AXA raised its position in FedEx Corporation by 5.1% in the first quarter. AXA now owns 75,860 shares of the shipping service provider’s stock valued at $14,805,000 after purchasing an additional 3,683 shares during the period. Finally, Burney Co. raised its position in FedEx Corporation by 7.7% in the first quarter. Burney Co. now owns 14,552 shares of the shipping service provider’s stock valued at $2,840,000 after purchasing an additional 1,042 shares during the period. Hedge funds and other institutional investors own 76.22% of the company’s stock.

A number of equities research analysts have commented on the company. Stifel Nicolaus restated a “neutral” rating on shares of FedEx Corporation in a research report on Wednesday, August 16th. Wells Fargo & Company lifted their target price on FedEx Corporation from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, September 21st. Loop Capital restated a “buy” rating and issued a $260.00 target price (up previously from $250.00) on shares of FedEx Corporation in a research report on Wednesday, September 20th. Cowen and Company restated a “buy” rating and issued a $240.00 target price on shares of FedEx Corporation in a research report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on FedEx Corporation in a research report on Monday, November 13th. They issued a “buy” rating and a $270.00 target price on the stock. One analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have assigned a buy rating to the company. FedEx Corporation currently has an average rating of “Buy” and a consensus price target of $230.21.

In other news, EVP Donald F. Colleran sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. Following the completion of the sale, the executive vice president now directly owns 30,499 shares of the company’s stock, valued at approximately $6,709,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Henry J. Maier sold 11,150 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $228.46, for a total value of $2,547,329.00. Following the completion of the sale, the insider now directly owns 36,747 shares of the company’s stock, valued at $8,395,219.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,094 shares of company stock valued at $9,024,637. Insiders own 8.45% of the company’s stock.

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FedEx Corporation (NYSE FDX) opened at $216.00 on Friday. The stock has a market capitalization of $58,430.00, a PE ratio of 18.47, a PEG ratio of 1.38 and a beta of 1.37. FedEx Corporation has a 1 year low of $182.89 and a 1 year high of $231.35. The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 0.91.

FedEx Corporation (NYSE:FDX) last released its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.66). The business had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The company’s revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.90 earnings per share. equities research analysts predict that FedEx Corporation will post 12.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. FedEx Corporation’s dividend payout ratio is currently 18.83%.

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.

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

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