Robinson Value Management Ltd. Sells 5,054 Shares of FedEx Co. (NYSE:FDX)

Robinson Value Management Ltd. lessened its holdings in FedEx Co. (NYSE:FDX) by 47.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,658 shares of the shipping service provider’s stock after selling 5,054 shares during the period. Robinson Value Management Ltd.’s holdings in FedEx were worth $1,548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Central Valley Advisors LLC purchased a new position in shares of FedEx in the 2nd quarter worth approximately $39,000. Abound Wealth Management boosted its stake in shares of FedEx by 175.9% in the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock worth $45,000 after buying an additional 95 shares during the last quarter. Sachetta LLC boosted its stake in shares of FedEx by 29.1% in the 2nd 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. OFI Invest Asset Management boosted its stake in shares of FedEx by 91.8% in the 1st quarter. OFI Invest Asset Management now owns 186 shares of the shipping service provider’s stock worth $50,000 after buying an additional 89 shares during the last quarter. Finally, ORG Partners LLC purchased a new position in shares of FedEx in the 2nd quarter worth approximately $50,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the topic of several research analyst reports. The Goldman Sachs Group dropped their price objective on FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Bank of America dropped their price objective on FedEx from $347.00 to $345.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Stephens reiterated an “overweight” rating and issued a $350.00 price objective on shares of FedEx in a research note on Friday, September 20th. Loop Capital dropped their price objective on FedEx from $317.00 to $288.00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. Finally, Citigroup initiated coverage on FedEx in a research note on Wednesday, October 9th. They issued a “buy” rating and a $301.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, FedEx has a consensus rating of “Moderate Buy” and an average price target of $314.17.

FedEx Price Performance

FDX traded down $3.57 during trading on Monday, reaching $270.83. The stock had a trading volume of 224,242 shares, compared to its average volume of 1,841,965. The stock has a market cap of $66.65 billion, a PE ratio of 15.82, a PEG ratio of 1.06 and a beta of 1.17. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. FedEx Co. has a one year low of $224.69 and a one year high of $313.84. The business has a 50-day moving average of $280.10 and a 200-day moving average of $274.98.

FedEx (NYSE:FDX) last released its 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% compared to the same quarter last year. During the same period in the prior year, the company earned $4.55 EPS. As a group, equities research analysts anticipate that FedEx Co. will post 19.6 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 9th were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.04%. FedEx’s dividend payout ratio is presently 32.04%.

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.