D.A. Davidson & CO. Buys 1,787 Shares of FedEx Co. (NYSE:FDX)

D.A. Davidson & CO. increased its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,415 shares of the shipping service provider's stock after purchasing an additional 1,787 shares during the period. D.A. Davidson & CO.'s holdings in FedEx were worth $9,693,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Evermay Wealth Management LLC boosted its position in shares of FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Highline Wealth Partners LLC bought a new position in FedEx during the third quarter worth about $31,000. Central Valley Advisors LLC acquired a new position in FedEx in the second quarter valued at about $39,000. Abound Wealth Management increased its holdings in shares of FedEx by 175.9% in the second 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, Harbor Capital Advisors Inc. acquired a new stake in shares of FedEx during the third quarter worth about $47,000. Institutional investors own 84.47% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FDX shares. HSBC lowered FedEx from a "buy" rating to a "hold" rating and set a $300.00 price objective for the company. in a research report on Friday, September 20th. Stifel Nicolaus dropped their price objective on shares of FedEx from $327.00 to $321.00 and set a "buy" rating on the stock in a report on Friday, September 20th. Morgan Stanley cut shares of FedEx from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $215.00 to $200.00 in a research report on Friday, September 20th. Susquehanna lowered their target price on FedEx from $345.00 to $330.00 and set a "positive" rating for the company in a report on Friday, September 20th. Finally, Citigroup boosted their price target on FedEx from $301.00 to $331.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $316.04.

FedEx Stock Performance

Shares of FDX traded up $0.43 during mid-day trading on Wednesday, reaching $303.41. The company's stock had a trading volume of 919,390 shares, compared to its average volume of 1,798,639. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The business has a 50-day simple moving average of $276.80 and a two-hundred day simple moving average of $278.42. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The stock has a market cap of $74.13 billion, a P/E ratio of 18.72, a PEG ratio of 1.27 and a beta of 1.17.

FedEx (NYSE:FDX - Get Free Report) last issued 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). FedEx had a net margin of 4.62% and a return on equity of 15.61%. 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 company earned $4.55 earnings per share. FedEx's revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Dividend Announcement

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. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 1.82%. FedEx's payout ratio is currently 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.