Mizuho Markets Americas LLC Has $207.14 Million Stock Position in FedEx Co. (NYSE:FDX)

Mizuho Markets Americas LLC decreased its position in FedEx Co. (NYSE:FDX - Free Report) by 43.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 756,881 shares of the shipping service provider's stock after selling 585,332 shares during the period. FedEx comprises 4.3% of Mizuho Markets Americas LLC's investment portfolio, making the stock its 3rd biggest position. Mizuho Markets Americas LLC owned approximately 0.31% of FedEx worth $207,143,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in FDX. Vanguard Group Inc. grew its holdings in shares of FedEx by 5.6% in the first quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider's stock valued at $5,756,602,000 after purchasing an additional 1,056,061 shares in the last quarter. Capital International Investors lifted its stake in shares of FedEx by 32.5% in the first quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider's stock valued at $2,558,718,000 after purchasing an additional 2,163,622 shares during the period. Ameriprise Financial Inc. grew its stake in 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of FedEx by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider's stock valued at $654,312,000 after acquiring an additional 121,240 shares during the last quarter. Finally, Sentry LLC boosted its holdings in shares of FedEx by 0.5% during the second quarter. Sentry LLC now owns 1,219,405 shares of the shipping service provider's stock worth $365,626,000 after purchasing an additional 6,657 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of FedEx from $325.00 to $300.00 and set a "market perform" rating for the company in a research report on Friday, September 20th. Daiwa America lowered FedEx from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, September 11th. Hsbc Global Res cut FedEx from a "strong-buy" rating to a "hold" rating in a report on Friday, September 20th. Citigroup raised their price objective on FedEx from $301.00 to $331.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Susquehanna decreased their price target on shares of FedEx from $345.00 to $330.00 and set a "positive" rating for the company in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $316.04.

FedEx Price Performance

FDX traded up $2.17 during midday trading on Friday, hitting $294.46. The stock had a trading volume of 1,506,570 shares, compared to its average volume of 1,805,906. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The business has a fifty day moving average of $275.40 and a 200 day moving average of $276.27. The company has a market cap of $71.94 billion, a P/E ratio of 18.17, a price-to-earnings-growth ratio of 1.17 and a beta of 1.17.

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 (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 firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. During the same quarter last year, the company posted $4.55 EPS. FedEx's revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities analysts forecast that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.87%. The ex-dividend date is Monday, December 9th. FedEx's dividend payout ratio (DPR) is presently 34.05%.

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.