RMR Wealth Builders purchased a new position in shares of FedEx Co. (NYSE:FDX) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 345 shares of the shipping service provider’s stock, valued at approximately $48,000.

Several other institutional investors have also recently modified their holdings of the company. Orion Portfolio Solutions LLC boosted its position in shares of FedEx by 7.9% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 1,708 shares of the shipping service provider’s stock worth $239,000 after acquiring an additional 125 shares in the last quarter. Martin & Co. Inc. TN lifted its stake in FedEx by 2.4% during the second quarter. Martin & Co. Inc. TN now owns 5,092 shares of the shipping service provider’s stock worth $714,000 after purchasing an additional 117 shares during the last quarter. tru Independence LLC lifted its stake in FedEx by 10.5% during the second quarter. tru Independence LLC now owns 28,445 shares of the shipping service provider’s stock worth $3,988,000 after purchasing an additional 2,703 shares during the last quarter. WealthPLAN Partners LLC lifted its stake in FedEx by 18.7% during the second quarter. WealthPLAN Partners LLC now owns 28,532 shares of the shipping service provider’s stock worth $5,817,000 after purchasing an additional 4,505 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in FedEx by 105.6% during the second quarter. AQR Capital Management LLC now owns 38,544 shares of the shipping service provider’s stock worth $5,238,000 after purchasing an additional 19,795 shares during the last quarter. 71.65% of the stock is owned by institutional investors.

In related news, Director Susan C. Schwab sold 10,570 shares of the firm’s stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $155.58, for a total value of $1,644,480.60. Following the transaction, the director now owns 16,600 shares of the company’s stock, valued at approximately $2,582,628. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Henry J. Maier sold 8,750 shares of the firm’s stock in a transaction dated Thursday, July 16th. The shares were sold at an average price of $166.48, for a total transaction of $1,456,700.00. Following the completion of the transaction, the chief executive officer now directly owns 49,417 shares in the company, valued at approximately $8,226,942.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,058 shares of company stock worth $7,149,678. 8.49% of the stock is owned by insiders.

FDX has been the subject of a number of research reports. Robert W. Baird raised their price objective on shares of FedEx from $232.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $298.00 price objective (up from $265.00) on shares of FedEx in a research note on Wednesday. BMO Capital Markets increased their price objective on shares of FedEx from $220.00 to $265.00 and gave the stock a “market perform” rating in a research report on Wednesday. UBS Group boosted their target price on shares of FedEx from $218.00 to $320.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Deutsche Bank upped their price target on shares of FedEx from $128.00 to $150.00 and gave the company a “hold” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $247.85.

NYSE FDX traded up $14.80 during mid-day trading on Wednesday, hitting $251.47. The company’s stock had a trading volume of 570,335 shares, compared to its average volume of 3,039,629. The firm has a market capitalization of $62.01 billion, a price-to-earnings ratio of 51.10, a PEG ratio of 1.84 and a beta of 1.48. The company’s 50 day simple moving average is $204.74 and its 200 day simple moving average is $148.86. The company has a current ratio of 1.58, a quick ratio of 1.53 and a debt-to-equity ratio of 1.20. FedEx Co. has a twelve month low of $88.69 and a twelve month high of $241.00.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, September 15th. The shipping service provider reported $4.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $2.18. The firm had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.56 billion. FedEx had a net margin of 1.86% and a return on equity of 13.49%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $3.05 earnings per share. As a group, research analysts forecast that FedEx Co. will post 10.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 4th will be given a $0.65 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $2.60 annualized dividend and a yield of 1.03%. FedEx’s payout ratio is 27.37%.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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