UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 19,120 Shares of FedEx Co. (NYSE:FDX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in FedEx Co. (NYSE:FDX - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,286,019 shares of the shipping service provider's stock after selling 19,120 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.53% of FedEx worth $351,958,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Ameriprise Financial Inc. lifted its position in shares of FedEx by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider's stock worth $674,336,000 after acquiring an additional 578,350 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in FedEx by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider's stock worth $654,312,000 after purchasing an additional 121,240 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in FedEx by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider's stock worth $397,267,000 after purchasing an additional 13,093 shares during the period. Sentry LLC grew its holdings in FedEx by 0.5% during the 2nd quarter. Sentry LLC now owns 1,219,405 shares of the shipping service provider's stock valued at $365,626,000 after buying an additional 6,657 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in FedEx by 473.8% during the 3rd quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider's stock valued at $2,147,540,000 after buying an additional 647,926 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Trading Down 0.2 %

FedEx stock traded down $0.65 during trading hours on Friday, reaching $302.74. The company had a trading volume of 665,498 shares, compared to its average volume of 1,793,733. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84. The company has a 50-day moving average price of $277.83 and a 200 day moving average price of $278.84. The firm has a market cap of $73.97 billion, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.27 and a beta of 1.17.

FedEx (NYSE:FDX - Get Free Report) last issued 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 firm had revenue of $21.58 billion during the quarter, compared to analysts' expectations of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.55 earnings per share. Equities analysts forecast that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 1.82%. FedEx's payout ratio is presently 34.05%.

Analyst Ratings Changes

A number of research firms have recently commented on FDX. Robert W. Baird cut their price objective on shares of FedEx from $340.00 to $320.00 and set an "outperform" rating for the company in a research report on Friday, September 20th. HSBC downgraded shares of FedEx from a "buy" rating to a "hold" rating and set a $300.00 price target for the company. in a report on Friday, September 20th. The Goldman Sachs Group decreased their price target on shares of FedEx from $333.00 to $332.00 in a report on Friday, September 20th. Susquehanna dropped their price objective on FedEx from $345.00 to $330.00 and set a "positive" rating for the company in a research note on Friday, September 20th. Finally, Stifel Nicolaus decreased their target price on FedEx from $327.00 to $321.00 and set a "buy" rating on the stock in a research note on Friday, September 20th. Two research 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $316.04.

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.