FedEx Co. (FDX) Shares Bought by American Financial Network Advisory Services LLC

American Financial Network Advisory Services LLC boosted its position in shares of FedEx Co. (NYSE:FDX) by 3,328.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,914 shares of the shipping service provider’s stock after purchasing an additional 2,829 shares during the period. American Financial Network Advisory Services LLC’s holdings in FedEx were worth $702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FDX. BlackRock Inc. boosted its stake in shares of FedEx by 0.9% during the 2nd quarter. BlackRock Inc. now owns 15,172,550 shares of the shipping service provider’s stock valued at $3,445,080,000 after buying an additional 134,397 shares during the period. FMR LLC boosted its stake in shares of FedEx by 4.5% during the 2nd quarter. FMR LLC now owns 4,582,932 shares of the shipping service provider’s stock valued at $1,040,600,000 after buying an additional 197,188 shares during the period. Morgan Stanley boosted its stake in shares of FedEx by 3.7% during the 2nd quarter. Morgan Stanley now owns 1,577,356 shares of the shipping service provider’s stock valued at $358,156,000 after buying an additional 56,831 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of FedEx by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,481,717 shares of the shipping service provider’s stock valued at $336,439,000 after buying an additional 8,792 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of FedEx by 8.5% during the 3rd quarter. Bank of Montreal Can now owns 1,036,861 shares of the shipping service provider’s stock valued at $249,665,000 after buying an additional 81,315 shares during the period. Hedge funds and other institutional investors own 72.85% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Morgan Stanley reissued a “hold” rating and set a $242.00 target price (down previously from $245.00) on shares of FedEx in a research note on Tuesday, September 18th. Credit Suisse Group set a $307.00 target price on shares of FedEx and gave the company a “buy” rating in a research note on Tuesday, September 18th. JPMorgan Chase & Co. reissued a “buy” rating and set a $305.00 target price on shares of FedEx in a research note on Tuesday, September 18th. Zacks Investment Research lowered shares of FedEx from a “hold” rating to a “sell” rating in a research note on Tuesday, August 21st. Finally, Berenberg Bank assumed coverage on shares of FedEx in a research note on Friday, September 21st. They set a “buy” rating and a $300.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $285.27.

In other news, Director Susan Patricia Griffith bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 17th. The shares were purchased at an average price of $225.16 per share, for a total transaction of $225,160.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John A. Edwardson sold 1,160 shares of FedEx stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $242.35, for a total transaction of $281,126.00. Following the completion of the transaction, the director now owns 32,800 shares in the company, valued at approximately $7,949,080. The disclosure for this sale can be found here. Company insiders own 8.45% of the company’s stock.

FDX stock opened at $219.80 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.26. FedEx Co. has a 1 year low of $214.17 and a 1 year high of $274.66. The firm has a market capitalization of $58.89 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 1.01 and a beta of 1.44.

FedEx (NYSE:FDX) last released its quarterly earnings data on Monday, September 17th. The shipping service provider reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.78 by ($0.32). FedEx had a net margin of 7.16% and a return on equity of 23.71%. The business had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.88 billion. During the same period in the previous year, the firm posted $2.65 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities analysts forecast that FedEx Co. will post 17.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Monday, September 10th were issued a $0.65 dividend. The ex-dividend date was Friday, September 7th. This represents a $2.60 annualized dividend and a yield of 1.18%. FedEx’s dividend payout ratio (DPR) is presently 16.98%.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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