Hancock Whitney Corp Sells 92 Shares of FedEx Co. (NYSE:FDX)

Hancock Whitney Corp cut its holdings in FedEx Co. (NYSE:FDX) by 0.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,038 shares of the shipping service provider’s stock after selling 92 shares during the quarter. Hancock Whitney Corp’s holdings in FedEx were worth $13,147,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ameriprise Financial Inc. increased its stake in shares of FedEx by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock valued at $674,336,000 after purchasing an additional 578,350 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in FedEx by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider’s stock valued at $654,312,000 after buying an additional 121,240 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in FedEx by 0.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider’s stock valued at $397,267,000 after buying an additional 13,093 shares during the last quarter. Sentry LLC boosted its holdings in FedEx by 0.5% in the second quarter. Sentry LLC now owns 1,219,405 shares of the shipping service provider’s stock worth $365,626,000 after acquiring an additional 6,657 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of FedEx by 8.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,056,561 shares of the shipping service provider’s stock worth $306,129,000 after acquiring an additional 82,201 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FDX. Barclays upped their price target on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Evercore ISI dropped their target price on shares of FedEx from $335.00 to $318.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Hsbc Global Res downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. lowered their price objective on FedEx from $359.00 to $350.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Finally, StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $316.04.

FedEx Stock Performance

NYSE FDX opened at $299.97 on Monday. 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 twelve month low of $234.45 and a twelve month high of $313.84. The business has a 50-day moving average price of $276.34 and a 200-day moving average price of $277.68. The firm has a market cap of $73.29 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 1.25 and a beta of 1.17.

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

FedEx Dividend Announcement

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

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.