Marathon Trading Investment Management LLC Invests $465,000 in FedEx Co. (NYSE:FDX)

Marathon Trading Investment Management LLC acquired a new stake in FedEx Co. (NYSE:FDX - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,700 shares of the shipping service provider's stock, valued at approximately $465,000.

A number of other hedge funds have also recently bought and sold shares of FDX. Evermay Wealth Management LLC raised its stake in shares of FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock valued at $26,000 after acquiring an additional 40 shares during the last quarter. Highline Wealth Partners LLC bought a new stake in shares of FedEx in the third quarter valued at about $31,000. Central Valley Advisors LLC acquired a new position in shares of FedEx during the 2nd quarter worth about $39,000. Abound Wealth Management grew its stake 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 valued at $45,000 after buying an additional 95 shares in the last quarter. Finally, Sachetta LLC raised its holdings in shares of FedEx by 29.1% in the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider's stock valued at $49,000 after purchasing an additional 37 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Up 0.7 %

NYSE:FDX traded up $2.17 during midday trading on Friday, reaching $294.46. 1,506,570 shares of the stock traded hands, compared to its average volume of 1,346,451. The company has a fifty day moving average of $275.40 and a 200 day moving average of $276.37. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The stock has a market capitalization of $71.94 billion, a P/E ratio of 18.17, a PEG ratio of 1.23 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 issued its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing the consensus estimate 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 analysts' expectations of $21.87 billion. During the same quarter last year, the business earned $4.55 earnings per share. The business's quarterly revenue was down .5% on a year-over-year basis. On average, research analysts predict that FedEx Co. will post 19.59 EPS 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 $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Monday, December 9th. FedEx's dividend payout ratio (DPR) is 34.05%.

Analyst Ratings Changes

A number of research firms have recently weighed in on FDX. Bernstein Bank lifted their target price on FedEx from $305.00 to $337.00 and gave the stock an "overweight" rating in a report on Friday, September 20th. Susquehanna reduced their price target on FedEx from $345.00 to $330.00 and set a "positive" rating on the stock in a research report on Friday, September 20th. Morgan Stanley downgraded FedEx from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $215.00 to $200.00 in a report on Friday, September 20th. Hsbc Global Res downgraded FedEx from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 20th. Finally, StockNews.com upgraded FedEx from a "hold" rating to a "buy" rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, FedEx currently has a consensus rating of "Moderate Buy" and an average target price of $316.04.

About FedEx

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.