FedEx Co. (NYSE:FDX) Shares Sold by Waldron Private Wealth LLC

Waldron Private Wealth LLC lowered its holdings in FedEx Co. (NYSE:FDX) by 3.1% in the third quarter, Holdings Channel.com reports. The fund owned 3,677 shares of the shipping service provider’s stock after selling 116 shares during the quarter. Waldron Private Wealth LLC’s holdings in FedEx were worth $1,011,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. WT Wealth Management raised its stake in shares of FedEx by 2.9% during the 3rd quarter. WT Wealth Management now owns 8,311 shares of the shipping service provider’s stock worth $2,281,000 after buying an additional 232 shares during the last quarter. Hofer & Associates. Inc acquired a new position in shares of FedEx during the 3rd quarter worth $205,000. Eastern Bank acquired a new position in shares of FedEx during the 3rd quarter worth $302,000. Sequoia Financial Advisors LLC raised its stake in shares of FedEx by 19.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,253 shares of the shipping service provider’s stock worth $2,534,000 after buying an additional 1,503 shares during the last quarter. Finally, Jade Capital Advisors LLC acquired a new position in shares of FedEx during the 3rd quarter worth $1,368,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Up 0.4 %

FDX opened at $269.79 on Wednesday. The firm has a 50 day moving average price of $279.63 and a 200 day moving average price of $274.90. The company has a market cap of $66.39 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.06 and a beta of 1.17. FedEx Co. has a 1 year low of $224.69 and a 1 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.

FedEx (NYSE:FDX) last posted 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 business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. During the same period last year, the company posted $4.55 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts expect that FedEx Co. will post 19.6 earnings per share for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Monday, September 9th. FedEx’s dividend payout ratio (DPR) is 32.04%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Susquehanna dropped their price objective on FedEx from $345.00 to $330.00 and set a “positive” rating for the company in a research report on Friday, September 20th. Robert W. Baird dropped their price objective on FedEx from $340.00 to $320.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Raymond James dropped their price objective on FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Daiwa America cut FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. dropped their price objective on FedEx from $359.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. Two 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $314.17.

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.