First National Bank of Omaha Takes $7.81 Million Position in FedEx Corporation $FDX

First National Bank of Omaha bought a new stake in shares of FedEx Corporation (NYSE:FDX) during the 2nd quarter, Holdings Channel.com reports. The firm bought 24,117 shares of the shipping service provider’s stock, valued at approximately $7,810,000.

Several other large investors have also recently added to or reduced their stakes in FDX. Brighton Jones LLC boosted its position in shares of FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after buying an additional 207 shares during the period. Empowered Funds LLC raised its holdings in shares of FedEx by 78.9% during the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock valued at $2,514,000 after buying an additional 4,548 shares during the period. Sivia Capital Partners LLC acquired a new position in FedEx during the 2nd quarter worth approximately $586,000. Quantbot Technologies LP purchased a new position in FedEx in the 2nd quarter worth approximately $186,000. Finally, Jump Financial LLC purchased a new position in FedEx in the 2nd quarter worth approximately $456,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Price Performance

Shares of FDX stock opened at $328.43 on Wednesday. The firm has a market cap of $77.70 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44. FedEx Corporation has a 1-year low of $177.05 and a 1-year high of $345.36. The firm has a fifty day moving average of $319.36 and a two-hundred day moving average of $351.63.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The business had revenue of $23.26 billion for the quarter. As a group, research analysts anticipate that FedEx Corporation will post 17.6 earnings per share for the current fiscal year.

FedEx Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Monday, June 22nd were issued a dividend of $1.22 per share. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, June 22nd. FedEx’s dividend payout ratio (DPR) is currently 26.36%.

Insider Buying and Selling at FedEx

In other FedEx news, Director Paul S. Walsh sold 5,042 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the sale, the director directly owned 16,359 shares of the company’s stock, valued at approximately $5,309,477.04. This represents a 23.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on FDX. Wall Street Zen raised shares of FedEx to a “hold” rating in a research report on Saturday, August 8th. UBS Group lowered their price target on shares of FedEx from $445.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. BMO Capital Markets reaffirmed a “market perform” rating on shares of FedEx in a research note on Wednesday, June 24th. Weiss Ratings cut shares of FedEx from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, July 29th. Finally, TD Cowen lowered their target price on FedEx from $426.00 to $354.00 in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $350.54.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.