Aspiriant LLC Lowers Stock Position in FedEx Co. (NYSE:FDX)

Aspiriant LLC lessened its stake in FedEx Co. (NYSE:FDX) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,490 shares of the shipping service provider’s stock after selling 38 shares during the period. Aspiriant LLC’s holdings in FedEx were worth $682,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Central Valley Advisors LLC bought a new position in FedEx in the second quarter valued at $39,000. Abound Wealth Management increased its position in shares of FedEx by 175.9% during the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after purchasing an additional 95 shares during the last quarter. Sachetta LLC raised its holdings in shares of FedEx by 29.1% during the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after buying an additional 37 shares in the last quarter. OFI Invest Asset Management lifted its position in FedEx by 91.8% in the 1st quarter. OFI Invest Asset Management now owns 186 shares of the shipping service provider’s stock worth $50,000 after buying an additional 89 shares during the last quarter. Finally, ORG Partners LLC purchased a new stake in FedEx in the second quarter worth approximately $50,000. Institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on FDX. Bank of America decreased their price target on shares of FedEx from $347.00 to $345.00 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. The Goldman Sachs Group lowered their price target on shares of FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Wells Fargo & Company raised their price objective on FedEx from $275.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 26th. Robert W. Baird lowered their target price on FedEx from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Finally, Daiwa America lowered FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $314.17.

FedEx Stock Up 0.1 %

NYSE:FDX opened at $274.45 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The firm’s 50-day moving average price is $280.10 and its 200-day moving average price is $275.00. The company has a market capitalization of $67.54 billion, a PE ratio of 15.93, a P/E/G ratio of 1.06 and a beta of 1.17. FedEx Co. has a 1-year low of $224.69 and a 1-year high of $313.84.

FedEx (NYSE:FDX) last released its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.82 by ($1.22). The business 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%. FedEx’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.55 earnings per share. On average, equities analysts predict that FedEx Co. will post 19.6 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.01%. FedEx’s dividend payout ratio is currently 32.04%.

FedEx Company 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.