Banque Cantonale Vaudoise Sells 3,236 Shares of FedEx Co. (NYSE:FDX)

Banque Cantonale Vaudoise trimmed its stake in shares of FedEx Co. (NYSE:FDX) by 52.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,942 shares of the shipping service provider’s stock after selling 3,236 shares during the quarter. Banque Cantonale Vaudoise’s holdings in FedEx were worth $805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in FedEx by 473.8% in the third quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock worth $2,147,540,000 after purchasing an additional 647,926 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in FedEx by 34.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock valued at $674,336,000 after acquiring an additional 578,350 shares during the last quarter. Ceredex Value Advisors LLC boosted its stake in FedEx by 77.8% during the third quarter. Ceredex Value Advisors LLC now owns 368,107 shares of the shipping service provider’s stock valued at $101,022,000 after buying an additional 161,022 shares during the last quarter. Empyrean Capital Partners LP bought a new position in shares of FedEx during the 2nd quarter valued at approximately $46,475,000. Finally, Interval Partners LP grew its stake in shares of FedEx by 408.3% in the 2nd quarter. Interval Partners LP now owns 191,088 shares of the shipping service provider’s stock worth $57,296,000 after buying an additional 153,497 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Performance

Shares of FDX stock opened at $295.34 on Friday. The company has a market cap of $72.16 billion, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.22 and a beta of 1.17. FedEx Co. has a 12-month low of $234.45 and a 12-month high of $313.84. The stock has a 50 day simple moving average of $276.07 and a 200-day simple moving average of $277.14. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) 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 analysts’ expectations of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the company earned $4.55 EPS. On average, equities analysts forecast that FedEx Co. will post 19.59 EPS for the current year.

FedEx Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.87%. FedEx’s dividend payout ratio is currently 34.05%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FDX shares. Morgan Stanley downgraded FedEx from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $215.00 to $200.00 in a research report on Friday, September 20th. UBS Group lowered their target price on FedEx from $333.00 to $311.00 and set a “buy” rating for the company in a report on Friday, September 20th. Bernstein Bank increased their price objective on shares of FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. HSBC lowered FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price on the stock. in a research note on Friday, September 20th. Finally, StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Two equities research 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, the stock has an average rating of “Moderate Buy” and an average target price of $316.04.

FedEx Company 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.