Integrated Investment Consultants LLC Purchases 148 Shares of FedEx Co. (NYSE:FDX)

Integrated Investment Consultants LLC grew its stake in shares of FedEx Co. (NYSE:FDX) by 7.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,116 shares of the shipping service provider’s stock after purchasing an additional 148 shares during the quarter. Integrated Investment Consultants LLC’s holdings in FedEx were worth $579,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FDX. Czech National Bank lifted its stake in FedEx by 6.4% in the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after acquiring an additional 2,767 shares during the period. Magnolia Capital Advisors LLC purchased a new stake in FedEx in the second quarter worth about $9,226,000. Raymond James & Associates lifted its stake in FedEx by 6.9% in the third quarter. Raymond James & Associates now owns 485,698 shares of the shipping service provider’s stock worth $132,926,000 after acquiring an additional 31,241 shares during the period. Manning & Napier Advisors LLC purchased a new stake in FedEx in the second quarter worth about $22,052,000. Finally, Versor Investments LP purchased a new stake in FedEx in the third quarter worth about $2,096,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Up 2.5 %

Shares of FDX opened at $295.34 on Friday. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84. The company has a market capitalization of $72.16 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.22 and a beta of 1.17. The stock has a fifty day simple moving average of $276.07 and a two-hundred day simple moving average of $277.14. 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 (NYSE:FDX) last issued its quarterly earnings data 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). 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%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business posted $4.55 earnings per share. As a group, equities analysts forecast that FedEx Co. will post 19.59 EPS for the current year.

FedEx Dividend Announcement

The business also recently disclosed 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. This represents a $5.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Monday, December 9th. FedEx’s payout ratio is presently 34.05%.

Analyst Ratings Changes

A number of brokerages have commented on FDX. Citigroup boosted their target price on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Bank of America reduced their target price on shares of FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Morgan Stanley downgraded shares of FedEx from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $215.00 to $200.00 in a report on Friday, September 20th. Raymond James reduced their target price on shares of FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a report on Friday, September 20th. Finally, Evercore ISI reduced their target price on shares of FedEx from $335.00 to $318.00 and set an “outperform” rating for the company in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and a consensus price target 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.