FedEx Co. (NYSE:FDX) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 27.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 121,433 shares of the shipping service provider's stock after buying an additional 26,260 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in FedEx were worth $33,234,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FDX. Evermay Wealth Management LLC increased its holdings in FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of FedEx in the third quarter valued at about $31,000. Central Valley Advisors LLC purchased a new stake in shares of FedEx during the 2nd quarter valued at about $39,000. Abound Wealth Management lifted its position in FedEx by 175.9% during the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider's stock worth $45,000 after acquiring an additional 95 shares in the last quarter. Finally, Sachetta LLC lifted its position in FedEx by 29.1% during the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider's stock worth $49,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Stock Performance

FDX stock traded down $0.65 on Friday, reaching $302.74. The company's stock had a trading volume of 665,498 shares, compared to its average volume of 1,793,733. The firm has a fifty day moving average of $277.83 and a two-hundred day moving average of $278.84. 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 capitalization of $73.97 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.27 and a beta of 1.17. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last issued 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). The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. FedEx's revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the business posted $4.55 earnings per share. As a group, analysts predict that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend 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 is presently 34.05%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FDX. Barclays upped their target price on shares of FedEx from $350.00 to $365.00 and gave the company an "overweight" rating in a research note on Wednesday, November 13th. Hsbc Global Res cut shares of FedEx from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 20th. HSBC downgraded FedEx from a "buy" rating to a "hold" rating and set a $300.00 target price for the company. in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on FedEx from $359.00 to $350.00 and set an "overweight" rating for the company in a report on Friday, September 20th. Finally, Citigroup lifted their price objective on FedEx from $301.00 to $331.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, FedEx has a consensus rating of "Moderate Buy" and a consensus target price 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.