Transamerica Financial Advisors Inc. Has $264,000 Holdings in FedEx Co. (NYSE:FDX)

Transamerica Financial Advisors Inc. grew its position in FedEx Co. (NYSE:FDX) by 36.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 963 shares of the shipping service provider’s stock after purchasing an additional 256 shares during the period. Transamerica Financial Advisors Inc.’s holdings in FedEx were worth $264,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its holdings in shares of FedEx by 34.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock valued at $674,336,000 after acquiring an additional 578,350 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of FedEx by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider’s stock valued at $654,312,000 after acquiring an additional 121,240 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of FedEx by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider’s stock valued at $397,267,000 after acquiring an additional 13,093 shares during the last quarter. Sentry LLC increased its holdings in shares of FedEx by 0.5% during the 2nd quarter. Sentry LLC now owns 1,219,405 shares of the shipping service provider’s stock valued at $365,626,000 after acquiring an additional 6,657 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of FedEx by 473.8% during the 3rd quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock valued at $2,147,540,000 after acquiring an additional 647,926 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stifel Nicolaus decreased their target price on FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a research note on Friday, September 20th. BMO Capital Markets decreased their target price on FedEx from $325.00 to $300.00 and set a “market perform” rating for the company in a research note on Friday, September 20th. Stephens restated an “overweight” rating and set a $350.00 target price on shares of FedEx in a research note on Friday, September 20th. Bank of America decreased their target price on FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Finally, Barclays raised their price objective on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, FedEx has a consensus rating of “Moderate Buy” and a consensus target price of $316.04.

FedEx Trading Down 0.7 %

FDX stock opened at $302.95 on Wednesday. The business has a fifty day moving average price of $276.70 and a 200 day moving average price of $278.25. The stock has a market capitalization of $74.02 billion, a price-to-earnings ratio of 18.69, a P/E/G ratio of 1.27 and a beta of 1.17. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week 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 released its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing the consensus estimate of $4.82 by ($1.22). The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the business posted $4.55 earnings per share. Analysts expect that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

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

About FedEx

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.