FedEx Co. (NYSE:FDX) Shares Bought by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC boosted its position in shares of FedEx Co. (NYSE:FDX) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,116 shares of the shipping service provider’s stock after buying an additional 148 shares during the period. Integrated Investment Consultants LLC’s holdings in FedEx were worth $579,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of FedEx by 473.8% in the third 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 purchasing an additional 647,926 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of FedEx by 34.6% in the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock valued at $674,336,000 after purchasing an additional 578,350 shares during the period. Ceredex Value Advisors LLC increased its holdings in shares of FedEx by 77.8% in the third quarter. Ceredex Value Advisors LLC now owns 368,107 shares of the shipping service provider’s stock valued at $101,022,000 after purchasing an additional 161,022 shares during the period. Empyrean Capital Partners LP acquired a new position in shares of FedEx in the second quarter valued at approximately $46,475,000. Finally, Interval Partners LP increased its holdings in shares of FedEx by 408.3% in the second quarter. Interval Partners LP now owns 191,088 shares of the shipping service provider’s stock valued at $57,296,000 after purchasing an additional 153,497 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Up 2.5 %

Shares of FDX opened at $295.34 on Friday. The company has a market capitalization of $72.16 billion, a P/E ratio of 18.22, a P/E/G ratio of 1.22 and a beta of 1.17. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. The stock has a 50-day moving average price of $276.07 and a 200 day moving average price of $277.14.

FedEx (NYSE:FDX) last released its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $21.87 billion. During the same period in the prior year, the business earned $4.55 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts forecast that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Monday, December 9th. FedEx’s dividend payout ratio is presently 34.05%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. BMO Capital Markets dropped their price objective on FedEx from $325.00 to $300.00 and set a “market perform” rating on the stock in a report on Friday, September 20th. Evercore ISI dropped their price objective on FedEx from $335.00 to $318.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. JPMorgan Chase & Co. decreased their target price on FedEx from $359.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Stephens reiterated an “overweight” rating and set a $350.00 target price on shares of FedEx in a research report on Friday, September 20th. Finally, TD Cowen decreased their target price on FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $316.04.

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.