FedEx Co. (NYSE:FDX) is Ceredex Value Advisors LLC’s 5th Largest Position

Ceredex Value Advisors LLC grew its position in shares of FedEx Co. (NYSE:FDX) by 77.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 368,107 shares of the shipping service provider’s stock after purchasing an additional 161,022 shares during the period. FedEx makes up approximately 2.0% of Ceredex Value Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Ceredex Value Advisors LLC’s holdings in FedEx were worth $101,022,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FDX. Chicago Partners Investment Group LLC grew its position in FedEx by 3.2% in the third quarter. Chicago Partners Investment Group LLC now owns 1,639 shares of the shipping service provider’s stock worth $439,000 after acquiring an additional 51 shares in the last quarter. Farther Finance Advisors LLC grew its position in FedEx by 21.7% in the third quarter. Farther Finance Advisors LLC now owns 1,669 shares of the shipping service provider’s stock worth $457,000 after acquiring an additional 298 shares in the last quarter. Weatherly Asset Management L. P. grew its position in FedEx by 43.2% in the third quarter. Weatherly Asset Management L. P. now owns 11,111 shares of the shipping service provider’s stock worth $3,055,000 after acquiring an additional 3,353 shares in the last quarter. Hills Bank & Trust Co grew its position in FedEx by 121.2% in the third quarter. Hills Bank & Trust Co now owns 1,398 shares of the shipping service provider’s stock worth $383,000 after acquiring an additional 766 shares in the last quarter. Finally, Pacific Sage Partners LLC grew its position in FedEx by 9.5% in the third quarter. Pacific Sage Partners LLC now owns 1,156 shares of the shipping service provider’s stock worth $316,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on FDX shares. The Goldman Sachs Group dropped their target price on FedEx from $333.00 to $332.00 in a research report on Friday, September 20th. Stephens restated an “overweight” rating and set a $350.00 target price on shares of FedEx in a research report on Friday, September 20th. HSBC lowered FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price for the company. in a research report on Friday, September 20th. Bank of America dropped their target price on FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday, September 18th. Finally, UBS Group dropped their target price on FedEx from $333.00 to $311.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average target price of $314.17.

FedEx Stock Performance

FDX stock opened at $274.34 on Friday. The firm has a market cap of $67.03 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.10 and a beta of 1.17. The firm has a 50-day simple moving average of $277.10 and a two-hundred day simple moving average of $274.96. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing the consensus estimate of $4.82 by ($1.22). The firm had revenue of $21.58 billion for 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 business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $4.55 earnings per share. On average, equities analysts forecast that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Dividend Announcement

The business 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. This represents a $5.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Monday, September 9th. FedEx’s payout ratio is currently 34.05%.

FedEx 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.