Vontobel Holding Ltd. Boosts Stake in FedEx Co. (NYSE:FDX)

Vontobel Holding Ltd. raised its position in FedEx Co. (NYSE:FDX) by 1.8% during the third quarter, HoldingsChannel.com reports. The firm owned 28,799 shares of the shipping service provider’s stock after buying an additional 511 shares during the quarter. Vontobel Holding Ltd.’s holdings in FedEx were worth $7,882,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in FedEx by 5.6% in the first quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock valued at $5,756,602,000 after buying an additional 1,056,061 shares during the period. Capital International Investors raised its stake in shares of FedEx by 32.5% in the 1st quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider’s stock valued at $2,558,718,000 after acquiring an additional 2,163,622 shares during the period. Mawer Investment Management Ltd. lifted its holdings in shares of FedEx by 43.5% during the 1st quarter. Mawer Investment Management Ltd. now owns 2,258,579 shares of the shipping service provider’s stock valued at $654,401,000 after acquiring an additional 684,679 shares in the last quarter. Ameriprise Financial Inc. boosted its position in FedEx by 34.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock worth $674,336,000 after purchasing an additional 578,350 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in FedEx by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider’s stock valued at $654,312,000 after purchasing an additional 121,240 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Performance

Shares of FDX stock opened at $274.33 on Friday. The company has a market cap of $67.51 billion, a P/E ratio of 15.92, a PEG ratio of 1.06 and a beta of 1.17. The business has a 50 day moving average of $280.16 and a two-hundred day moving average of $275.04. FedEx Co. has a 52 week low of $224.69 and a 52 week high of $313.84. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. During the same quarter in the prior year, the firm earned $4.55 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts anticipate that FedEx Co. will post 19.6 EPS for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 9th were given a $1.38 dividend. The ex-dividend date was Monday, September 9th. This represents a $5.52 annualized dividend and a yield of 2.01%. FedEx’s dividend payout ratio is presently 32.04%.

Wall Street Analyst Weigh In

FDX has been the topic of a number of recent research reports. Susquehanna reduced their price objective on FedEx from $345.00 to $330.00 and set a “positive” rating on the stock in a research note on Friday, September 20th. TD Cowen decreased their price target on FedEx from $334.00 to $328.00 and set a “buy” rating for the company in a report on Friday, September 20th. BMO Capital Markets dropped their price objective on shares of FedEx from $325.00 to $300.00 and set a “market perform” rating on the stock in a research note on Friday, September 20th. StockNews.com downgraded shares of FedEx from a “buy” rating to a “hold” rating in a research note on Sunday, October 6th. Finally, Hsbc Global Res downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $314.17.

About FedEx

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.