FedEx Co. (NYSE:FDX) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. increased its holdings in shares of FedEx Co. (NYSE:FDX) by 0.4% in the third quarter, Holdings Channel reports. The firm owned 29,275 shares of the shipping service provider’s stock after acquiring an additional 126 shares during the period. GHP Investment Advisors Inc.’s holdings in FedEx were worth $8,012,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Central Valley Advisors LLC bought a new position in FedEx during the 2nd quarter worth approximately $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 acquiring an additional 95 shares in the last quarter. Sachetta LLC lifted its stake in shares of FedEx by 29.1% in the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock worth $49,000 after acquiring an additional 37 shares during the period. ORG Partners LLC acquired a new position in shares of FedEx during the 2nd quarter valued at $50,000. Finally, TruNorth Capital Management LLC bought a new stake in FedEx in the second quarter worth about $56,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Hsbc Global Res cut shares of FedEx from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Citigroup assumed coverage on shares of FedEx in a report on Wednesday, October 9th. They issued a “buy” rating and a $301.00 price objective for the company. HSBC lowered shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price target on the stock. in a research report on Friday, September 20th. Loop Capital cut their price objective on shares of FedEx from $317.00 to $288.00 and set a “hold” rating for the company in a research report on Monday, September 23rd. Finally, TD Cowen dropped their price objective on shares of FedEx from $334.00 to $328.00 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, eight have issued a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.17.

FedEx Trading Down 0.3 %

Shares of FDX stock traded down $0.75 on Friday, hitting $272.12. 835,534 shares of the company’s stock traded hands, compared to its average volume of 1,834,461. The stock has a market capitalization of $66.96 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.06 and a beta of 1.17. The company’s fifty day simple moving average is $278.83 and its 200 day simple moving average is $274.82. 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 Co. has a one year low of $224.69 and a one year high of $313.84.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share for the quarter, missing the consensus estimate of $4.82 by ($1.22). The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $4.55 EPS. Equities analysts forecast that FedEx Co. will post 19.6 EPS for the current 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 paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, September 9th. FedEx’s dividend payout ratio (DPR) is presently 32.04%.

FedEx Company 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.