CreativeOne Wealth LLC Has $560,000 Stock Holdings in FedEx Co. (NYSE:FDX)

CreativeOne Wealth LLC lowered its position in FedEx Co. (NYSE:FDX - Free Report) by 75.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,047 shares of the shipping service provider's stock after selling 6,270 shares during the period. CreativeOne Wealth LLC's holdings in FedEx were worth $560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ameriprise Financial Inc. raised its holdings in shares of FedEx by 34.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider's stock valued at $674,336,000 after acquiring an additional 578,350 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of FedEx by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider's stock valued at $654,312,000 after purchasing an additional 121,240 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of FedEx by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider's stock valued at $397,267,000 after purchasing an additional 13,093 shares during the period. Sentry LLC boosted its holdings in shares of FedEx by 0.5% during the 2nd quarter. Sentry LLC now owns 1,219,405 shares of the shipping service provider's stock valued at $365,626,000 after buying an additional 6,657 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of FedEx by 473.8% during 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 purchasing an additional 647,926 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 equities research analysts recently commented on FDX shares. HSBC downgraded FedEx from a "buy" rating to a "hold" rating and set a $300.00 price objective for the company. in a report on Friday, September 20th. JPMorgan Chase & Co. cut their price objective on FedEx from $359.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, September 20th. Robert W. Baird decreased their target price on FedEx from $340.00 to $320.00 and set an "outperform" rating on the stock in a research note on Friday, September 20th. Loop Capital reduced their target price on FedEx from $317.00 to $288.00 and set a "hold" rating on the stock in a report on Monday, September 23rd. Finally, Bernstein Bank increased their price objective on shares of FedEx from $305.00 to $337.00 and gave the company an "overweight" rating in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, FedEx presently has a consensus rating of "Moderate Buy" and a consensus price target of $316.04.

FedEx Stock Performance

Shares of NYSE FDX traded down $5.89 during mid-day trading on Monday, hitting $296.78. The company had a trading volume of 1,568,409 shares, compared to its average volume of 1,792,762. The firm's 50 day simple moving average is $277.83 and its two-hundred day simple moving average is $279.12. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The stock has a market cap of $72.51 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.26 and a beta of 1.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24.

FedEx (NYSE:FDX - Get Free Report) last posted 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 business had revenue of $21.58 billion for 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 business's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the business posted $4.55 EPS. As a group, equities research analysts forecast that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Announces Dividend

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

FedEx 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.