Catalyst Financial Partners LLC Has $256,000 Holdings in FedEx Co. (NYSE:FDX)

Catalyst Financial Partners LLC increased its stake in shares of FedEx Co. (NYSE:FDX) by 9.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 934 shares of the shipping service provider’s stock after acquiring an additional 83 shares during the period. Catalyst Financial Partners LLC’s holdings in FedEx were worth $256,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FDX. SeaCrest Wealth Management LLC lifted its holdings in shares of FedEx by 0.6% in the second quarter. SeaCrest Wealth Management LLC now owns 5,615 shares of the shipping service provider’s stock valued at $1,683,000 after purchasing an additional 34 shares in the last quarter. LRI Investments LLC lifted its stake in FedEx by 8.6% in the 2nd quarter. LRI Investments LLC now owns 455 shares of the shipping service provider’s stock valued at $137,000 after acquiring an additional 36 shares in the last quarter. Ascent Wealth Partners LLC boosted its position in FedEx by 0.5% during the 2nd quarter. Ascent Wealth Partners LLC now owns 7,690 shares of the shipping service provider’s stock worth $2,306,000 after acquiring an additional 36 shares during the last quarter. Detalus Advisors LLC grew its stake in shares of FedEx by 2.4% during the 2nd quarter. Detalus Advisors LLC now owns 1,602 shares of the shipping service provider’s stock worth $480,000 after acquiring an additional 37 shares in the last quarter. Finally, Sachetta LLC raised its holdings in shares of FedEx by 29.1% in the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after purchasing an additional 37 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on FDX shares. Susquehanna cut their price target on shares of FedEx from $345.00 to $330.00 and set a “positive” rating on the stock in a research report on Friday, September 20th. Stephens reissued an “overweight” rating and issued a $350.00 target price on shares of FedEx in a research note on Friday, September 20th. Stifel Nicolaus dropped their target price on shares of FedEx from $327.00 to $321.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Bernstein Bank raised their price target on FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a report on Friday, September 20th. Finally, Loop Capital decreased their target price on FedEx from $317.00 to $288.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $314.17.

FedEx Trading Up 0.0 %

FDX opened at $274.09 on Friday. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The company has a market cap of $66.97 billion, a P/E ratio of 16.91, a PEG ratio of 1.08 and a beta of 1.17. The company’s 50 day moving average is $277.56 and its 200-day moving average is $274.90.

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

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Monday, September 9th. FedEx’s dividend payout ratio is currently 34.05%.

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.