Horrell Capital Management Inc. Has $7.28 Million Holdings in FedEx Co. (NYSE:FDX)

Horrell Capital Management Inc. reduced its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,599 shares of the shipping service provider's stock after selling 2,980 shares during the quarter. FedEx accounts for approximately 2.2% of Horrell Capital Management Inc.'s holdings, making the stock its 11th biggest position. Horrell Capital Management Inc.'s holdings in FedEx were worth $7,280,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FDX. Central Valley Advisors LLC acquired a new position in FedEx during the 2nd quarter valued at $39,000. Abound Wealth Management raised its stake in FedEx by 175.9% during the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider's stock valued at $45,000 after purchasing an additional 95 shares during the last quarter. Sachetta LLC raised its stake in FedEx by 29.1% during 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 last quarter. ORG Partners LLC acquired a new position in FedEx during the 2nd quarter valued at $50,000. Finally, TruNorth Capital Management LLC acquired a new position in FedEx during the 2nd quarter valued at $56,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Down 0.1 %

FedEx stock traded down $0.41 during midday trading on Tuesday, hitting $275.04. 1,077,873 shares of the stock were exchanged, compared to its average volume of 1,828,246. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $67.20 billion, a PE ratio of 16.97, a P/E/G ratio of 1.08 and a beta of 1.17. The company has a fifty day simple moving average of $278.57 and a two-hundred day simple moving average of $274.86. FedEx Co. has a 52 week low of $229.07 and a 52 week high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last announced its earnings results 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). The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business's quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $4.55 earnings per share. Equities research 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 was paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th were issued a $1.38 dividend. The ex-dividend date was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.01%. FedEx's dividend payout ratio (DPR) is presently 34.05%.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of recent research reports. StockNews.com upgraded shares of FedEx from a "hold" rating to a "buy" rating in a research note on Monday, October 21st. Susquehanna dropped their price objective on shares of FedEx from $345.00 to $330.00 and set a "positive" rating for the company in a research note on Friday, September 20th. Evercore ISI dropped their price objective on shares of FedEx from $335.00 to $318.00 and set an "outperform" rating for the company in a research note on Friday, September 20th. Morgan Stanley cut shares of FedEx from an "equal weight" rating to an "underweight" rating and dropped their price objective for the company from $215.00 to $200.00 in a research note on Friday, September 20th. Finally, Hsbc Global Res cut shares of FedEx from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $314.17.

FedEx 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.