FedEx Co. (NYSE:FDX) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its stake in FedEx Co. (NYSE:FDX) by 117.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,974 shares of the shipping service provider’s stock after buying an additional 42,034 shares during the period. Rockefeller Capital Management L.P.’s holdings in FedEx were worth $21,343,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its stake in FedEx by 45.5% in the second quarter. GAMMA Investing LLC now owns 1,897 shares of the shipping service provider’s stock valued at $569,000 after buying an additional 593 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in FedEx during the 2nd quarter worth $197,000. Douglas Lane & Associates LLC grew its position in FedEx by 2.8% during the 2nd quarter. Douglas Lane & Associates LLC now owns 8,910 shares of the shipping service provider’s stock worth $2,672,000 after purchasing an additional 245 shares during the last quarter. Mather Group LLC. increased its stake in FedEx by 9.7% in the second quarter. Mather Group LLC. now owns 6,263 shares of the shipping service provider’s stock valued at $1,815,000 after purchasing an additional 554 shares during the period. Finally, Trust Co. of Vermont raised its holdings in shares of FedEx by 3.9% in the second quarter. Trust Co. of Vermont now owns 2,806 shares of the shipping service provider’s stock valued at $841,000 after buying an additional 105 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Stephens reissued an “overweight” rating and set a $350.00 price target on shares of FedEx in a report on Friday, September 20th. Barclays lifted their target price on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. Bank of America cut their price target on FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Daiwa America lowered shares of FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Stifel Nicolaus cut their price objective on shares of FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and an average price target of $316.04.

FedEx Price Performance

FDX stock opened at $302.67 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 stock’s 50 day moving average price is $277.83 and its 200 day moving average price is $279.12. The firm has a market cap of $73.95 billion, a P/E ratio of 18.67, a PEG ratio of 1.26 and a beta of 1.17. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings data 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). The company had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business earned $4.55 EPS. On average, sell-side analysts expect that FedEx Co. will post 19.59 earnings per share 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 1.82%. The ex-dividend date is Monday, December 9th. FedEx’s dividend payout ratio is presently 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.