Captrust Financial Advisors Decreases Stock Position in FedEx Co. (NYSE:FDX)

Captrust Financial Advisors reduced its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 5.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 106,804 shares of the shipping service provider's stock after selling 6,104 shares during the quarter. Captrust Financial Advisors' holdings in FedEx were worth $29,230,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDX. Ameriprise Financial Inc. raised its holdings 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 in the last quarter. Dimensional Fund Advisors LP grew its position in shares of FedEx by 5.9% in 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 buying an additional 121,240 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position 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 buying an additional 13,093 shares during the last quarter. Sentry LLC grew its position 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 valued at $365,626,000 after buying an additional 6,657 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of FedEx by 473.8% in the 3rd 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 buying an additional 647,926 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Performance

NYSE FDX traded down $0.72 on Friday, hitting $302.67. 665,504 shares of the stock traded hands, compared to its average volume of 1,793,733. The business's fifty day moving average is $277.83 and its two-hundred day moving average is $278.98. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The firm has a market capitalization of $73.95 billion, a price-to-earnings ratio of 18.67, a PEG ratio of 1.27 and a beta of 1.17. 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 (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 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 company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. During the same period in the previous year, the business earned $4.55 earnings per share. FedEx's revenue was down .5% on a year-over-year basis. As a group, equities analysts anticipate that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be given a $1.38 dividend. The ex-dividend date is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.82%. FedEx's dividend payout ratio (DPR) is presently 34.05%.

Analysts Set New Price Targets

Several equities research analysts recently commented on FDX shares. Bank of America cut their target price on FedEx from $347.00 to $345.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Hsbc Global Res lowered FedEx from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 20th. JPMorgan Chase & Co. cut their target price on FedEx from $359.00 to $350.00 and set an "overweight" rating on the stock in a research report on Friday, September 20th. Susquehanna dropped their price target on FedEx from $345.00 to $330.00 and set a "positive" rating on the stock in a research note on Friday, September 20th. Finally, Raymond James dropped their price target on FedEx from $335.00 to $330.00 and set a "buy" rating on the stock in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently 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.