FedEx Co. (NYSE:FDX) Stock Holdings Boosted by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in FedEx Co. (NYSE:FDX) by 10.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,713 shares of the shipping service provider’s stock after purchasing an additional 1,174 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in FedEx were worth $3,479,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. bought a new stake in FedEx during the 1st quarter valued at $227,000. Nicolet Advisory Services LLC bought a new position in FedEx in the 1st quarter valued at about $204,000. Vanguard Group Inc. increased its stake in FedEx by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock valued at $5,756,602,000 after buying an additional 1,056,061 shares during the period. TIAA Trust National Association raised its position in shares of FedEx by 2.5% during the 1st quarter. TIAA Trust National Association now owns 47,924 shares of the shipping service provider’s stock worth $13,886,000 after buying an additional 1,170 shares in the last quarter. Finally, Patten & Patten Inc. TN lifted its stake in shares of FedEx by 0.5% in the 1st quarter. Patten & Patten Inc. TN now owns 10,253 shares of the shipping service provider’s stock worth $2,971,000 after acquiring an additional 50 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Up 0.7 %

FedEx stock opened at $294.46 on Friday. 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 Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The firm has a fifty day moving average price of $275.18 and a two-hundred day moving average price of $276.07. The firm has a market cap of $71.94 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 1.17 and a beta of 1.17.

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

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.87%. FedEx’s dividend payout ratio (DPR) is currently 34.05%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on FDX. Bank of America cut their target price on FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Morgan Stanley lowered FedEx from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $215.00 to $200.00 in a report on Friday, September 20th. Loop Capital cut their price target on shares of FedEx from $317.00 to $288.00 and set a “hold” rating for the company in a report on Monday, September 23rd. Hsbc Global Res cut shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Susquehanna cut their target price on shares of FedEx from $345.00 to $330.00 and set a “positive” rating for the company in a research note 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $316.04.

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.