St. Johns Investment Management Company LLC Buys 60 Shares of FedEx Co. (NYSE:FDX)

St. Johns Investment Management Company LLC grew its stake in FedEx Co. (NYSE:FDX) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,450 shares of the shipping service provider’s stock after purchasing an additional 60 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in FedEx were worth $944,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Wealthcare Advisory Partners LLC grew its position in FedEx by 7.7% during the first quarter. Wealthcare Advisory Partners LLC now owns 1,924 shares of the shipping service provider’s stock valued at $558,000 after buying an additional 137 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in FedEx by 6.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 37,508 shares of the shipping service provider’s stock valued at $10,868,000 after acquiring an additional 2,241 shares during the period. 180 Wealth Advisors LLC lifted its holdings in FedEx by 4.1% during the first quarter. 180 Wealth Advisors LLC now owns 1,522 shares of the shipping service provider’s stock valued at $441,000 after purchasing an additional 60 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in FedEx during the first quarter worth about $277,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of FedEx by 20.8% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 4,564 shares of the shipping service provider’s stock valued at $1,322,000 after buying an additional 785 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Down 0.3 %

FedEx stock opened at $272.12 on Friday. FedEx Co. has a twelve month low of $224.69 and a twelve month high of $313.84. The business has a fifty day moving average of $279.10 and a two-hundred day moving average of $274.84. The firm has a market cap of $66.96 billion, a P/E ratio of 15.79, a P/E/G ratio of 1.06 and a beta of 1.17. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72.

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 the consensus estimate of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $21.87 billion. During the same quarter last year, the firm earned $4.55 EPS. FedEx’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts forecast that FedEx Co. will post 19.6 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 9th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Monday, September 9th. FedEx’s dividend payout ratio is currently 32.04%.

Analyst Ratings Changes

Several research firms have issued reports on FDX. UBS Group dropped their target price on FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Bank of America reduced their target price on FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. HSBC lowered shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price objective for the company. in a research report on Friday, September 20th. Stephens reiterated an “overweight” rating and issued a $350.00 price objective on shares of FedEx in a research report on Friday, September 20th. Finally, Citigroup began coverage on FedEx in a research note on Wednesday, October 9th. They issued a “buy” rating and a $301.00 target price on the stock. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $314.17.

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.