Cambridge Investment Research Advisors Inc. increased its holdings in shares of FedEx Co. (NYSE:FDX) by 7.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,797 shares of the shipping service provider’s stock after buying an additional 910 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in FedEx were worth $3,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the company. FNY Managed Accounts LLC acquired a new stake in shares of FedEx in the first quarter worth about $100,000. Salem Investment Counselors Inc. increased its stake in FedEx by 2.8% during the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after acquiring an additional 13 shares during the period. Krilogy Financial LLC increased its stake in FedEx by 0.4% during the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after acquiring an additional 2 shares during the period. Alexandria Capital LLC increased its stake in FedEx by 2.5% during the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after acquiring an additional 13 shares during the period. Finally, Hefty Wealth Partners increased its stake in FedEx by 26.0% during the second quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider’s stock valued at $136,000 after acquiring an additional 130 shares during the period. Institutional investors and hedge funds own 75.74% of the company’s stock.

In other FedEx news, EVP Donald F. Colleran sold 10,000 shares of the company’s stock in a transaction on Thursday, September 21st. The stock was 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 approximately $6,709,780. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Henry J. Maier sold 11,150 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $228.46, for a total value of $2,547,329.00. Following the transaction, the insider now directly owns 36,747 shares in the company, valued at approximately $8,395,219.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,094 shares of company stock worth $9,024,637. Company insiders own 8.45% of the company’s stock.

FedEx Co. (FDX) traded down $3.65 during trading hours on Wednesday, reaching $235.40. The company’s stock had a trading volume of 1,592,000 shares, compared to its average volume of 1,476,326. FedEx Co. has a 12-month low of $182.89 and a 12-month high of $243.06. 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 firm has a market cap of $64,100.71, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36.

FedEx (NYSE:FDX) last posted 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). FedEx had a return on equity of 20.69% and a net margin of 4.72%. The firm had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.35 billion. During the same period in the prior year, the company posted $2.90 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. analysts forecast that FedEx Co. 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. Shareholders of record on Monday, December 11th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, December 8th. FedEx’s dividend payout ratio is 18.87%.

Several research firms have recently weighed in on FDX. Stifel Nicolaus reiterated a “neutral” rating on shares of FedEx in a research note on Wednesday, August 16th. Wells Fargo & Company upped their price objective on FedEx from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, September 21st. Loop Capital reiterated a “buy” rating and issued a $260.00 price objective (up from $250.00) on shares of FedEx in a research note on Wednesday, September 20th. Cowen reiterated a “buy” rating and issued a $240.00 price objective on shares of FedEx in a research note on Thursday, August 10th. Finally, Barclays reiterated an “overweight” rating and issued a $270.00 price objective (up from $230.00) on shares of FedEx in a research note on Thursday, November 30th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $231.81.

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FedEx 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 (NYSE:FDX)

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