Clarkston Capital Partners LLC Has $95.24 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Clarkston Capital Partners LLC decreased its stake in shares of FedEx Co. (NYSE:FDX) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 348,008 shares of the shipping service provider’s stock after selling 4,827 shares during the quarter. FedEx comprises about 1.8% of Clarkston Capital Partners LLC’s portfolio, making the stock its 20th biggest holding. Clarkston Capital Partners LLC owned about 0.14% of FedEx worth $95,243,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in FDX. Evermay Wealth Management LLC grew its holdings in FedEx by 72.7% during 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 during the period. Highline Wealth Partners LLC acquired a new stake in shares of FedEx in the third quarter valued at approximately $31,000. Central Valley Advisors LLC acquired a new position in shares of FedEx during the 2nd quarter worth approximately $39,000. Abound Wealth Management raised 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 acquiring an additional 95 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new position in FedEx during the third quarter worth $47,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Barclays increased their price objective on shares of FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Daiwa America downgraded shares of FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Hsbc Global Res downgraded FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Citigroup increased their target price on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Bernstein Bank upped their price objective on FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a 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 issued a buy rating to the company. According to MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $316.04.

FedEx Trading Up 0.7 %

Shares of FDX opened at $294.46 on Monday. 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 52-week low of $234.45 and a 52-week high of $313.84. The firm has a market cap of $71.94 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.23 and a beta of 1.17. The business’s fifty day moving average is $275.40 and its 200-day moving average is $276.48.

FedEx (NYSE:FDX) last released its 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 business 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 in the prior year, the firm earned $4.55 EPS. Equities analysts anticipate that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed 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. This represents a $5.52 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Monday, December 9th. FedEx’s payout ratio 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.