FedEx Co. (FDX) Position Increased by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. boosted its stake in FedEx Co. (NYSE:FDX) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,183 shares of the shipping service provider’s stock after buying an additional 433 shares during the quarter. Buckingham Capital Management Inc.’s holdings in FedEx were worth $1,169,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FDX. Salem Investment Counselors Inc. raised its position in shares of FedEx by 2.8% during the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after acquiring an additional 13 shares during the last quarter. Krilogy Financial LLC increased its holdings in FedEx by 0.4% in the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after purchasing an additional 2 shares during the last quarter. FNY Managed Accounts LLC bought a new stake in FedEx in the first quarter valued at about $100,000. Alexandria Capital LLC increased its holdings in FedEx by 2.5% in the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after purchasing an additional 13 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. bought a new stake in FedEx in the third quarter valued at about $132,000. 75.74% of the stock is currently owned by institutional investors and hedge funds.

FedEx Co. (FDX) opened at $239.30 on Friday. FedEx Co. has a 12 month low of $182.89 and a 12 month high of $243.06. The firm has a market capitalization of $63,387.44, a P/E ratio of 19.85, a PEG ratio of 1.49 and a beta of 1.36. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.91.

FedEx (NYSE:FDX) last announced its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.66). FedEx had a return on equity of 20.69% and a net margin of 4.72%. The business had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.35 billion. During the same quarter in the previous year, the firm earned $2.90 EPS. FedEx’s quarterly revenue was up 4.1% on a year-over-year basis. research analysts forecast that FedEx Co. will post 12.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, December 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. FedEx’s payout ratio is 18.87%.

Several research analysts have recently weighed in on FDX shares. Cowen reaffirmed a “buy” rating and set a $240.00 price objective on shares of FedEx in a research report on Thursday, August 10th. Stifel Nicolaus reissued a “neutral” rating on shares of FedEx in a research report on Wednesday, August 16th. Zacks Investment Research cut FedEx from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Vetr cut FedEx to a “sell” rating and set a $204.84 price target for the company. in a research report on Thursday, August 31st. Finally, BMO Capital Markets restated a “buy” rating and issued a $245.00 price objective on shares of FedEx in a research note on Wednesday, September 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $231.81.

In related news, EVP Donald F. Colleran sold 10,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $220.00, for a total value of $2,200,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,499 shares in the company, valued at $6,709,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kim Jabal sold 3,980 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total transaction of $897,689.00. Following the completion of the transaction, the director now owns 6,080 shares of the company’s stock, valued at $1,371,344. The disclosure for this sale can be found here. Insiders have sold a total of 40,094 shares of company stock worth $9,024,637 in the last three months. Insiders own 8.45% of the company’s stock.

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FedEx Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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