Robeco Institutional Asset Management B.V. Acquires 17,129 Shares of FedEx Co. (NYSE:FDX)

Robeco Institutional Asset Management B.V. raised its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 62.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,760 shares of the shipping service provider's stock after acquiring an additional 17,129 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in FedEx were worth $12,250,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in FDX. Evermay Wealth Management LLC increased its holdings in FedEx by 72.7% in 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 stake in shares of FedEx in the 3rd quarter worth $31,000. Central Valley Advisors LLC purchased a new stake in FedEx in the 2nd quarter valued at about $39,000. Abound Wealth Management increased its stake in FedEx by 175.9% in the 2nd 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 during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in shares of FedEx in the 3rd quarter worth approximately $47,000. 84.47% of the stock is owned by institutional investors.

FedEx Price Performance

FDX stock traded up $3.37 during mid-day trading on Thursday, hitting $283.43. 1,005,343 shares of the stock were exchanged, compared to its average volume of 1,811,964. 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 stock has a market capitalization of $69.25 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.09 and a beta of 1.17. The business has a fifty day moving average price of $275.86 and a 200 day moving average price of $275.26. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share for the quarter, missing analysts' consensus estimates of $4.82 by ($1.22). The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The company's revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.55 earnings per share. On average, sell-side analysts anticipate that FedEx Co. will post 19.59 EPS for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 9th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Monday, September 9th. FedEx's dividend payout ratio is presently 34.05%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FDX shares. Loop Capital dropped their price target on FedEx from $317.00 to $288.00 and set a "hold" rating on the stock in a report on Monday, September 23rd. Bank of America cut their price target on shares of FedEx from $347.00 to $345.00 and set a "buy" rating on the stock in a report on Wednesday, September 18th. Evercore ISI lowered their price objective on shares of FedEx from $335.00 to $318.00 and set an "outperform" rating on the stock in a research report on Friday, September 20th. Citigroup assumed coverage on shares of FedEx in a research note on Wednesday, October 9th. They set a "buy" rating and a $301.00 price target for the company. Finally, Stifel Nicolaus reduced their price objective on FedEx from $327.00 to $321.00 and set a "buy" rating for the company in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $314.17.

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.