Mendel Capital Management LLC Increases Position in FedEx Co. (NYSE:FDX)

Mendel Capital Management LLC boosted its holdings in FedEx Co. (NYSE:FDX) by 2.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,249 shares of the shipping service provider’s stock after purchasing an additional 108 shares during the quarter. FedEx comprises 0.9% of Mendel Capital Management LLC’s portfolio, making the stock its 26th largest position. Mendel Capital Management LLC’s holdings in FedEx were worth $1,436,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Czech National Bank lifted its stake in shares of FedEx by 6.4% in the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after buying an additional 2,767 shares in the last quarter. Magnolia Capital Advisors LLC bought a new position in FedEx during the second quarter valued at approximately $9,226,000. Raymond James & Associates lifted its position in FedEx by 6.9% during the third quarter. Raymond James & Associates now owns 485,698 shares of the shipping service provider’s stock valued at $132,926,000 after purchasing an additional 31,241 shares during the period. Manning & Napier Advisors LLC bought a new position in FedEx during the second quarter valued at approximately $22,052,000. Finally, Versor Investments LP bought a new position in FedEx during the third quarter valued at approximately $2,096,000. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 0.7 %

NYSE FDX opened at $294.46 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. The company has a market capitalization of $71.94 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.23 and a beta of 1.17. The company’s 50-day simple moving average is $275.40 and its two-hundred day simple moving average is $276.48. FedEx Co. has a one year low of $234.45 and a one year high of $313.84.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 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 business had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $21.87 billion. During the same period last year, the business posted $4.55 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Equities analysts forecast that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Monday, December 9th. FedEx’s payout ratio is currently 34.05%.

Analysts Set New Price Targets

FDX has been the topic of a number of research analyst reports. Morgan Stanley downgraded shares of FedEx from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $215.00 to $200.00 in a research report on Friday, September 20th. Barclays increased their price target on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Susquehanna reduced their price objective on shares of FedEx from $345.00 to $330.00 and set a “positive” rating for the company in a research note on Friday, September 20th. Stifel Nicolaus cut their target price on shares of FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Finally, Raymond James cut their target price on shares of FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $316.04.

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.