4,953 FedEx Corporation $FDX Shares Sold by Howard Capital Management LLC

Howard Capital Management LLC reduced its holdings in shares of FedEx Corporation (NYSE:FDX) by 77.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,422 shares of the shipping service provider’s stock after selling 4,953 shares during the quarter. Howard Capital Management LLC’s holdings in FedEx were worth $405,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of FDX. Annex Advisory Services LLC raised its stake in shares of FedEx by 10.7% during the 3rd quarter. Annex Advisory Services LLC now owns 3,032 shares of the shipping service provider’s stock worth $865,000 after purchasing an additional 292 shares during the period. BFI Infinity Ltd. bought a new position in FedEx during the third quarter valued at about $359,000. Cantor Fitzgerald Investment Advisors L.P. grew its position in FedEx by 1.2% during the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 7,853 shares of the shipping service provider’s stock valued at $2,239,000 after buying an additional 95 shares during the period. Andrews Advisory Associates LLC grew its position in FedEx by 8.8% during the third quarter. Andrews Advisory Associates LLC now owns 3,467 shares of the shipping service provider’s stock valued at $988,000 after buying an additional 280 shares during the period. Finally, V Square Quantitative Management LLC increased its holdings in FedEx by 8.8% during the third quarter. V Square Quantitative Management LLC now owns 1,920 shares of the shipping service provider’s stock worth $547,000 after buying an additional 155 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Trading Down 0.7%

Shares of FDX stock opened at $293.51 on Friday. The stock has a market capitalization of $69.47 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.57 and a beta of 1.28. The company’s fifty day simple moving average is $309.44 and its two-hundred day simple moving average is $334.17. FedEx Corporation has a 1 year low of $187.62 and a 1 year high of $345.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. The firm had revenue of $23.26 billion during the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. As a group, analysts anticipate that FedEx Corporation will post 18.27 earnings per share for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 14th were issued a dividend of $1.22 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a yield of 1.7%. FedEx’s dividend payout ratio is 26.36%.

Analysts Set New Price Targets

FDX has been the topic of several research reports. Citizens Jmp initiated coverage on shares of FedEx in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price objective on the stock. BMO Capital Markets reissued a “market perform” rating on shares of FedEx in a research report on Wednesday, June 24th. Jefferies Financial Group initiated coverage on shares of FedEx in a research report on Tuesday, June 23rd. They set a “buy” rating and a $200.00 target price for the company. Bank of America restated a “buy” rating and set a $140.00 price target on shares of FedEx in a research note on Tuesday, September 29th. Finally, Wall Street Zen raised shares of FedEx to a “hold” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.64.

About FedEx

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.