Doliver Advisors LP Buys 261 Shares of FedEx Co. (NYSE:FDX)

Doliver Advisors LP lifted its stake in FedEx Co. (NYSE:FDX) by 8.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,520 shares of the shipping service provider’s stock after purchasing an additional 261 shares during the period. Doliver Advisors LP’s holdings in FedEx were worth $528,000 at the end of the most recent reporting period.

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Several other large investors also recently bought and sold shares of FDX. Buckingham Capital Management Inc. increased its position in FedEx by 18.5% in the first quarter. Buckingham Capital Management Inc. now owns 10,516 shares of the shipping service provider’s stock worth $1,908,000 after purchasing an additional 1,645 shares during the period. Thomasville National Bank increased its position in FedEx by 4.9% in the second quarter. Thomasville National Bank now owns 17,154 shares of the shipping service provider’s stock worth $2,817,000 after purchasing an additional 806 shares during the period. DNB Asset Management AS increased its position in FedEx by 6.2% in the second quarter. DNB Asset Management AS now owns 40,979 shares of the shipping service provider’s stock worth $6,728,000 after purchasing an additional 2,395 shares during the period. Davis Rea LTD. increased its position in FedEx by 200.3% in the second quarter. Davis Rea LTD. now owns 12,823 shares of the shipping service provider’s stock worth $2,114,000 after purchasing an additional 8,553 shares during the period. Finally, Carroll Financial Associates Inc. increased its position in FedEx by 23.1% in the second quarter. Carroll Financial Associates Inc. now owns 463 shares of the shipping service provider’s stock worth $76,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 71.57% of the company’s stock.

A number of brokerages recently commented on FDX. Wells Fargo & Co began coverage on FedEx in a research report on Monday, October 28th. They issued an “outperform” rating and a $189.00 price objective for the company. ValuEngine upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. set a $140.00 price objective on FedEx and gave the stock a “neutral” rating in a research report on Friday, October 4th. Standpoint Research upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Thursday, September 19th. Finally, Robert W. Baird decreased their target price on FedEx from $180.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, September 18th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $170.40.

Shares of NYSE:FDX traded up $1.65 during trading on Friday, hitting $158.33. 1,350,363 shares of the company’s stock traded hands, compared to its average volume of 2,203,863. FedEx Co. has a 52 week low of $137.78 and a 52 week high of $234.49. The company has a current ratio of 1.31, a quick ratio of 1.25 and a debt-to-equity ratio of 1.70. The company has a market cap of $40.76 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 1.07 and a beta of 1.72. The company has a 50-day moving average price of $151.70 and a 200-day moving average price of $161.23.

FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, September 17th. The shipping service provider reported $3.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.12). FedEx had a net margin of 0.65% and a return on equity of 21.15%. The business had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $17.05 billion. During the same quarter last year, the firm earned $3.46 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. On average, analysts predict that FedEx Co. will post 12.11 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.64%. FedEx’s dividend payout ratio (DPR) is presently 16.75%.

In other news, Director John A. Edwardson bought 5,000 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were purchased at an average price of $151.75 per share, for a total transaction of $758,750.00. Following the purchase, the director now owns 62,966 shares of the company’s stock, valued at approximately $9,555,090.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director R Brad Martin bought 1,000 shares of the business’s stock in a transaction on Friday, September 27th. The stock was purchased at an average price of $145.00 per share, for a total transaction of $145,000.00. Following the purchase, the director now directly owns 49,046 shares in the company, valued at approximately $7,111,670. The disclosure for this purchase can be found here. Insiders own 8.44% of the company’s stock.

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.

See Also: What is diluted earnings per share (Diluted EPS)?

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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