Braun Stacey Associates Inc. Sells 30,858 Shares of FedEx Co. (NYSE:FDX)

Braun Stacey Associates Inc. cut its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 67.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,639 shares of the shipping service provider's stock after selling 30,858 shares during the quarter. Braun Stacey Associates Inc.'s holdings in FedEx were worth $4,006,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Capital International Investors increased its stake in FedEx by 32.5% during the 1st quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider's stock worth $2,558,718,000 after buying an additional 2,163,622 shares during the period. Ameriprise Financial Inc. boosted its position in FedEx by 34.6% during the 2nd 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. Dimensional Fund Advisors LP lifted its holdings in FedEx by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider's stock worth $654,312,000 after purchasing an additional 121,240 shares during the period. Sentry LLC lifted its stake in shares of FedEx by 0.5% in the 2nd quarter. Sentry LLC now owns 1,219,405 shares of the shipping service provider's stock worth $365,626,000 after acquiring an additional 6,657 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in FedEx by 8.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,056,561 shares of the shipping service provider's stock valued at $306,129,000 after purchasing an additional 82,201 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FDX. Stephens restated an "overweight" rating and set a $350.00 price objective on shares of FedEx in a research report on Friday, September 20th. The Goldman Sachs Group dropped their price target on FedEx from $333.00 to $332.00 in a research report on Friday, September 20th. Hsbc Global Res downgraded shares of FedEx from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 20th. Loop Capital reduced their price target on FedEx from $317.00 to $288.00 and set a "hold" rating for the company in a report on Monday, September 23rd. Finally, Morgan Stanley cut shares of FedEx from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $215.00 to $200.00 in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $316.04.

FedEx Price Performance

Shares of FedEx stock traded up $1.68 during trading on Monday, hitting $296.14. 690,601 shares of the company's stock traded hands, compared to its average volume of 1,800,909. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The company has a market cap of $72.35 billion, a PE ratio of 18.17, a PEG ratio of 1.23 and a beta of 1.17. The firm's fifty day moving average price is $275.40 and its 200 day moving average price is $276.48.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share for the quarter, missing the consensus estimate of $4.82 by ($1.22). The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.55 earnings per share. Analysts forecast that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.86%. The ex-dividend date is Monday, December 9th. FedEx's dividend payout ratio is currently 34.05%.

About FedEx

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.