FedEx Co. (NYSE:FDX) Stock Position Decreased by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,269 shares of the shipping service provider's stock after selling 4,328 shares during the period. Advisors Asset Management Inc.'s holdings in FedEx were worth $25,252,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FDX. Capital International Investors increased its stake in FedEx by 32.5% in the 1st quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider's stock valued at $2,558,718,000 after buying an additional 2,163,622 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of FedEx by 473.8% in the third quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider's stock valued at $2,147,540,000 after acquiring an additional 647,926 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of FedEx by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider's stock worth $674,336,000 after acquiring an additional 578,350 shares during the period. Ceredex Value Advisors LLC raised its holdings in FedEx by 77.8% during the third quarter. Ceredex Value Advisors LLC now owns 368,107 shares of the shipping service provider's stock worth $101,022,000 after purchasing an additional 161,022 shares in the last quarter. Finally, Empyrean Capital Partners LP acquired a new stake in FedEx in the second quarter valued at about $46,475,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Stock Down 1.7 %

Shares of FDX traded down $5.03 during midday trading on Wednesday, hitting $288.03. The company had a trading volume of 1,390,726 shares, compared to its average volume of 1,801,055. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The company's 50 day moving average price is $275.82 and its 200 day moving average price is $276.94. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The stock has a market cap of $70.37 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 1.23 and a beta of 1.17.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. During the same period in the prior year, the business earned $4.55 EPS. The business's revenue was down .5% on a year-over-year basis. On average, equities research analysts predict that FedEx Co. will post 19.59 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, December 9th. FedEx's dividend payout ratio is presently 34.05%.

Analyst Ratings Changes

FDX has been the subject of a number of analyst reports. Loop Capital cut their target price on FedEx from $317.00 to $288.00 and set a "hold" rating for the company in a research note on Monday, September 23rd. Morgan Stanley downgraded FedEx from an "equal weight" rating to an "underweight" rating and reduced their target price for the company from $215.00 to $200.00 in a report on Friday, September 20th. JPMorgan Chase & Co. lowered their price target on shares of FedEx from $359.00 to $350.00 and set an "overweight" rating on the stock in a research note on Friday, September 20th. Citigroup raised their price objective on shares of FedEx from $301.00 to $331.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Finally, Stephens reaffirmed an "overweight" rating and issued a $350.00 target price on shares of FedEx in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $316.04.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.