FedEx Co. (NYSE:FDX) Shares Sold by Dakota Wealth Management

Dakota Wealth Management lowered its position in shares of FedEx Co. (NYSE:FDX) by 43.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,179 shares of the shipping service provider’s stock after selling 910 shares during the quarter. Dakota Wealth Management’s holdings in FedEx were worth $324,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in FedEx in the first quarter valued at about $1,667,000. Allegheny Financial Group LTD acquired a new position in FedEx during the first quarter worth $203,000. Hilltop National Bank purchased a new position in FedEx in the first quarter worth $476,000. Csenge Advisory Group lifted its holdings in FedEx by 14.9% in the first quarter. Csenge Advisory Group now owns 2,297 shares of the shipping service provider’s stock valued at $666,000 after acquiring an additional 298 shares during the period. Finally, Czech National Bank boosted its position in shares of FedEx by 6.4% during the 3rd quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after purchasing an additional 2,767 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

Shares of NYSE FDX opened at $275.45 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. FedEx Co. has a 1-year low of $229.07 and a 1-year high of $313.84. The company has a market capitalization of $67.30 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 1.08 and a beta of 1.17. The business has a 50-day moving average of $278.57 and a 200-day moving average of $274.86.

FedEx (NYSE:FDX) last issued its quarterly earnings data 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 analyst estimates of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.55 EPS. On average, equities analysts anticipate that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $5.52 annualized dividend and a yield of 2.00%. FedEx’s dividend payout ratio is presently 34.05%.

Analysts Set New Price Targets

A number of research firms recently commented on FDX. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a report on Monday, October 21st. TD Cowen lowered their price target on FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Stifel Nicolaus reduced their price objective on FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a report on Friday, September 20th. UBS Group dropped their price target on FedEx from $333.00 to $311.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Finally, Hsbc Global Res lowered shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. 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, the company has a consensus rating of “Moderate Buy” and an average price target of $314.17.

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.