FedEx Co. (NYSE:FDX) Holdings Raised by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. lifted its holdings in shares of FedEx Co. (NYSE:FDX) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,275 shares of the shipping service provider’s stock after buying an additional 126 shares during the period. GHP Investment Advisors Inc.’s holdings in FedEx were worth $8,012,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Central Valley Advisors LLC bought a new stake in shares of FedEx during the 2nd quarter worth about $39,000. Abound Wealth Management raised its holdings in shares of FedEx by 175.9% during the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after purchasing an additional 95 shares in the last quarter. Sachetta LLC lifted its position in shares of FedEx by 29.1% in the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock worth $49,000 after buying an additional 37 shares during the last quarter. ORG Partners LLC acquired a new position in FedEx during the second quarter valued at approximately $50,000. Finally, TruNorth Capital Management LLC acquired a new position in FedEx in the 2nd quarter valued at $56,000. Institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on FDX. Loop Capital dropped their price objective on shares of FedEx from $317.00 to $288.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Hsbc Global Res cut FedEx from a “strong-buy” rating to a “hold” rating in a report on Friday, September 20th. Citigroup started coverage on FedEx in a research report on Wednesday, October 9th. They set a “buy” rating and a $301.00 price target on the stock. TD Cowen reduced their target price on shares of FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Finally, Bank of America cut their target price on shares of FedEx from $347.00 to $345.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Two research 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $314.17.

FedEx Price Performance

Shares of NYSE FDX traded down $0.75 during trading on Friday, hitting $272.12. The company had a trading volume of 835,534 shares, compared to its average volume of 1,834,461. The stock has a fifty day simple moving average of $278.83 and a two-hundred day simple moving average of $274.82. The firm has a market capitalization of $66.96 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth 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 Co. has a fifty-two week low of $224.69 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX) last released its quarterly 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 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 period last year, the firm posted $4.55 earnings per share. FedEx’s revenue was down .5% on a year-over-year basis. On average, research 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. Investors of record on Monday, September 9th were given a $1.38 dividend. The ex-dividend date was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.03%. FedEx’s payout ratio is currently 32.04%.

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.