FedEx Corporation $FDX Stock: Vise Technologies Inc. Increases Holdings

Vise Technologies Inc. lifted its holdings in shares of FedEx Corporation (NYSE:FDX) by 19.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,006 shares of the shipping service provider’s stock after buying an additional 2,485 shares during the quarter. Vise Technologies Inc.’s holdings in FedEx were worth $4,278,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FDX. OMERS ADMINISTRATION Corp increased its holdings in shares of FedEx by 104.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 17,319 shares of the shipping service provider’s stock valued at $6,169,000 after purchasing an additional 8,868 shares during the period. First Nebraska Trust Co acquired a new stake in shares of FedEx during the first quarter worth $10,675,000. NewEdge Advisors LLC lifted its holdings in shares of FedEx by 74.1% during the second quarter. NewEdge Advisors LLC now owns 34,354 shares of the shipping service provider’s stock worth $10,757,000 after purchasing an additional 14,624 shares during the period. Archer Investment Corp purchased a new position in FedEx in the 2nd quarter valued at $1,147,000. Finally, Tidal Investments LLC grew its position in FedEx by 9.8% in the 2nd quarter. Tidal Investments LLC now owns 48,662 shares of the shipping service provider’s stock valued at $15,238,000 after buying an additional 4,340 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FDX stock opened at $318.03 on Wednesday. The company has a market cap of $74.48 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The stock has a 50 day simple moving average of $303.85 and a 200-day simple moving average of $337.21. FedEx Corporation has a 12-month low of $200.20 and a 12-month high of $345.36. The company has a current ratio of 1.33, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 EPS for the quarter, beating the consensus estimate of $3.34 by $0.40. FedEx had a return on equity of 15.53% and a net margin of 4.09%. The business had revenue of $22.93 billion during the quarter, compared to analysts’ expectations of $22.73 billion. During the same period last year, the firm earned $3.83 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities analysts forecast that FedEx Corporation will post 18.29 EPS for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 14th were given a $1.22 dividend. The ex-dividend date was Monday, September 14th. This represents a $4.88 annualized dividend and a yield of 1.5%. FedEx’s dividend payout ratio is presently 30.01%.

Insider Buying and Selling at FedEx

In other FedEx news, EVP Gina Adams sold 3,014 shares of the firm’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $317.06, for a total value of $955,618.84. Following the completion of the sale, the executive vice president owned 9,656 shares of the company’s stock, valued at approximately $3,061,531.36. This trade represents a 23.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tracy Brightman sold 26,611 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were sold at an average price of $316.68, for a total value of $8,427,171.48. Following the completion of the sale, the executive vice president directly owned 12,245 shares of the company’s stock, valued at approximately $3,877,746.60. This trade represents a 68.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the topic of several recent research reports. Evercore boosted their price objective on shares of FedEx from $350.00 to $351.00 in a research note on Monday, September 28th. Sanford C. Bernstein set a $377.00 target price on shares of FedEx in a research note on Monday, October 26th. Raymond James Financial set a $162.00 target price on shares of FedEx in a research note on Tuesday. Citizens Jmp initiated coverage on shares of FedEx in a report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 target price on the stock. Finally, Bank of America dropped their price target on shares of FedEx from $378.00 to $359.00 and set a “buy” rating on the stock in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $359.16.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.