XTX Topco Ltd Has $6.39 Million Stock Position in FedEx Co. (NYSE:FDX)

XTX Topco Ltd increased its position in shares of FedEx Co. (NYSE:FDX) by 70.9% during the 3rd quarter, Holdings Channel reports. The fund owned 23,342 shares of the shipping service provider’s stock after buying an additional 9,682 shares during the quarter. FedEx accounts for about 0.5% of XTX Topco Ltd’s investment portfolio, making the stock its 7th biggest holding. XTX Topco Ltd’s holdings in FedEx were worth $6,388,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Evermay Wealth Management LLC increased its holdings in shares of FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after acquiring an additional 40 shares in the last quarter. Highline Wealth Partners LLC acquired a new position in shares of FedEx in the 3rd quarter valued at approximately $31,000. Abound Wealth Management increased its stake in FedEx by 175.9% during the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock worth $45,000 after purchasing an additional 95 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in FedEx during the 3rd quarter worth approximately $47,000. Finally, Sachetta LLC lifted its stake in 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 buying an additional 37 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Up 0.4 %

FedEx stock opened at $280.52 on Friday. The stock has a 50-day simple moving average of $279.55 and a 200 day simple moving average of $279.60. The stock has a market capitalization of $68.54 billion, a P/E ratio of 17.31, a PEG ratio of 1.18 and a beta of 1.18. 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 52 week low of $234.45 and a 52 week high of $313.84.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing the consensus estimate of $4.82 by ($1.22). The business had revenue of $21.58 billion for 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 business’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.55 earnings per share. Analysts expect that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be issued a $1.38 dividend. The ex-dividend date is Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 1.97%. FedEx’s dividend payout ratio is currently 34.05%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FDX. UBS Group dropped their price objective on shares of FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Evercore ISI dropped their price target on FedEx from $335.00 to $318.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Raymond James cut their price target on FedEx from $335.00 to $330.00 and set a “buy” rating on the stock in a report on Friday, September 20th. BMO Capital Markets decreased their price objective on FedEx from $325.00 to $300.00 and set a “market perform” rating for the company in a report on Friday, September 20th. Finally, Bank of America cut their target price on FedEx from $347.00 to $345.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $316.68.

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.