FedEx Co. (NYSE:FDX) Shares Purchased by Brooklyn Investment Group

Brooklyn Investment Group increased its position in shares of FedEx Co. (NYSE:FDX) by 7.2% in the third quarter, HoldingsChannel.com reports. The firm owned 1,521 shares of the shipping service provider’s stock after acquiring an additional 102 shares during the quarter. Brooklyn Investment Group’s holdings in FedEx were worth $416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SeaCrest Wealth Management LLC boosted its stake in FedEx by 0.6% in the second quarter. SeaCrest Wealth Management LLC now owns 5,615 shares of the shipping service provider’s stock valued at $1,683,000 after acquiring an additional 34 shares in the last quarter. LRI Investments LLC boosted its stake in FedEx by 8.6% in the second quarter. LRI Investments LLC now owns 455 shares of the shipping service provider’s stock valued at $137,000 after acquiring an additional 36 shares in the last quarter. Ascent Wealth Partners LLC boosted its stake in FedEx by 0.5% in the second quarter. Ascent Wealth Partners LLC now owns 7,690 shares of the shipping service provider’s stock valued at $2,306,000 after acquiring an additional 36 shares in the last quarter. Detalus Advisors LLC boosted its stake in FedEx by 2.4% in the second quarter. Detalus Advisors LLC now owns 1,602 shares of the shipping service provider’s stock valued at $480,000 after acquiring an additional 37 shares in the last quarter. Finally, Sachetta LLC boosted its stake in FedEx by 29.1% in the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the subject of several research analyst reports. BMO Capital Markets decreased their price objective on shares of FedEx from $325.00 to $300.00 and set a “market perform” rating for the company in a research note on Friday, September 20th. Raymond James decreased their target price on shares of FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a research note on Friday, September 20th. The Goldman Sachs Group decreased their target price on shares of FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Barclays increased their target price on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Robert W. Baird cut their price target on shares of FedEx from $340.00 to $320.00 and set an “outperform” 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $316.04.

FedEx Stock Down 0.7 %

FDX stock opened at $302.95 on Wednesday. The company’s 50 day simple moving average is $276.70 and its 200-day simple moving average is $278.25. The firm has a market capitalization of $74.02 billion, a PE ratio of 18.69, a P/E/G ratio of 1.27 and a beta of 1.17. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. 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 (NYSE:FDX) last announced 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). 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 analyst estimates of $21.87 billion. During the same quarter last year, the business posted $4.55 EPS. The firm’s revenue was down .5% compared to the same quarter last year. Equities analysts expect that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.82%. FedEx’s dividend payout ratio (DPR) is presently 34.05%.

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.