FedEx Co. (NYSE:FDX) Shares Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI raised its holdings in FedEx Co. (NYSE:FDX) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,308 shares of the shipping service provider’s stock after acquiring an additional 38 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in FedEx were worth $360,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Payden & Rygel grew its position in FedEx by 12.1% in the third quarter. Payden & Rygel now owns 6,500 shares of the shipping service provider’s stock worth $1,779,000 after buying an additional 700 shares during the last quarter. EagleClaw Capital Managment LLC boosted its stake in shares of FedEx by 0.6% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 18,823 shares of the shipping service provider’s stock worth $5,151,000 after acquiring an additional 120 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of FedEx by 1.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,935 shares of the shipping service provider’s stock worth $1,077,000 after acquiring an additional 52 shares during the last quarter. PCJ Investment Counsel Ltd. purchased a new stake in shares of FedEx during the third quarter valued at $1,669,000. Finally, MWA Asset Management purchased a new stake in shares of FedEx during the third quarter valued at $658,000. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 1.6 %

FDX opened at $299.97 on Friday. The company has a market cap of $73.29 billion, a P/E ratio of 18.51, a PEG ratio of 1.23 and a beta of 1.17. 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’s 50 day moving average is $276.34 and its 200-day moving average is $277.54. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84.

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

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be given a $1.38 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 1.84%. FedEx’s dividend payout ratio is presently 34.05%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. 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 report on Wednesday, September 18th. Citigroup raised their price objective on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. TD Cowen dropped their price objective on FedEx from $334.00 to $328.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Raymond James dropped their price objective 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, StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average 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.