FedEx Co. (NYSE:FDX) Shares Purchased by Vishria Bird Financial Group LLC

Vishria Bird Financial Group LLC increased its holdings in shares of FedEx Co. (NYSE:FDX - Free Report) by 18.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,139 shares of the shipping service provider's stock after purchasing an additional 14,879 shares during the period. FedEx makes up 9.9% of Vishria Bird Financial Group LLC's holdings, making the stock its biggest position. Vishria Bird Financial Group LLC's holdings in FedEx were worth $26,038,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Czech National Bank raised its holdings in shares of FedEx by 6.4% during the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider's stock worth $12,564,000 after purchasing an additional 2,767 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in FedEx during the second quarter valued at $9,226,000. Raymond James & Associates grew its position in FedEx by 6.9% during the third quarter. Raymond James & Associates now owns 485,698 shares of the shipping service provider's stock valued at $132,926,000 after buying an additional 31,241 shares during the period. Manning & Napier Advisors LLC acquired a new stake in FedEx during the second quarter valued at $22,052,000. Finally, Versor Investments LP acquired a new stake in FedEx during the third quarter valued at $2,096,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

Analyst Upgrades and Downgrades

FDX has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of FedEx from $340.00 to $320.00 and set an "outperform" rating on the stock in a research report on Friday, September 20th. HSBC lowered shares of FedEx from a "buy" rating to a "hold" rating and set a $300.00 target price on the stock. in a research report on Friday, September 20th. Stifel Nicolaus dropped their target price on shares of FedEx from $327.00 to $321.00 and set a "buy" rating on the stock in a research report on Friday, September 20th. Hsbc Global Res lowered shares of FedEx from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 20th. Finally, UBS Group dropped their target price on shares of FedEx from $333.00 to $311.00 and set a "buy" rating on the stock in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, FedEx currently has an average rating of "Moderate Buy" and an average price target of $316.04.

FedEx Trading Up 0.7 %

FDX stock traded up $2.17 during trading on Friday, reaching $294.46. 1,506,570 shares of the stock were exchanged, compared to its average volume of 1,805,906. 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 business has a 50 day moving average price of $275.40 and a 200-day moving average price of $276.27. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The firm has a market capitalization of $71.94 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 1.17 and a beta of 1.17.

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

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.87%. FedEx's dividend payout ratio (DPR) is 34.05%.

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.