Nippon Life Insurance Co. raised its holdings in FedEx Corporation (NYSE:FDX) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,864 shares of the shipping service provider’s stock after purchasing an additional 223 shares during the quarter. Nippon Life Insurance Co.’s holdings in FedEx Corporation were worth $2,225,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Salem Investment Counselors Inc. increased its stake in FedEx Corporation by 2.8% in the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after purchasing an additional 13 shares during the period. Cribstone Capital Management LLC increased its stake in FedEx Corporation by 1.2% in the second quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock valued at $107,000 after purchasing an additional 6 shares during the period. Krilogy Financial LLC increased its stake in FedEx Corporation by 0.4% in the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after purchasing an additional 2 shares during the period. FNY Managed Accounts LLC acquired a new position in FedEx Corporation in the first quarter valued at $100,000. Finally, Alexandria Capital LLC increased its stake in FedEx Corporation by 2.5% in the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after purchasing an additional 13 shares during the period. Institutional investors own 76.07% of the company’s stock.

In related news, EVP Donald F. Colleran sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the transaction, the executive vice president now owns 30,499 shares of the company’s stock, valued at $6,709,780. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael L. Ducker sold 14,964 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 53,397 shares in the company, valued at approximately $12,059,712.45. The disclosure for this sale can be found here. Insiders have sold 40,094 shares of company stock worth $9,024,637 in the last three months. Insiders own 8.45% of the company’s stock.

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FedEx Corporation (FDX) opened at $216.00 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.57 and a current ratio of 1.63. The stock has a market cap of $57,919.91, a P/E ratio of 18.14, a P/E/G ratio of 1.36 and a beta of 1.37. FedEx Corporation has a one year low of $182.89 and a one year high of $231.35.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. FedEx Corporation’s payout ratio is 18.87%.

A number of research analysts have recently issued reports on the stock. Loop Capital reiterated a “buy” rating and set a $260.00 price target (up from $250.00) on shares of FedEx Corporation in a research note on Wednesday, September 20th. Citigroup Inc. reiterated a “buy” rating and set a $235.00 price target on shares of FedEx Corporation in a research note on Thursday, September 14th. Robert W. Baird reiterated a “buy” rating and set a $235.00 price target on shares of FedEx Corporation in a research note on Tuesday, September 12th. Cowen and Company reiterated a “buy” rating and set a $240.00 price target on shares of FedEx Corporation in a research note on Tuesday, September 12th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $245.00 price target on shares of FedEx Corporation in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have given a buy rating to the company. FedEx Corporation has a consensus rating of “Buy” and a consensus target price of $230.21.

FedEx Corporation 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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