Riverview Trust Co Has $230,000 Stock Holdings in FedEx Co. (NYSE:FDX)

Riverview Trust Co increased its stake in shares of FedEx Co. (NYSE:FDX) by 13.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 839 shares of the shipping service provider’s stock after buying an additional 100 shares during the period. Riverview Trust Co’s holdings in FedEx were worth $230,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in FDX. Central Valley Advisors LLC acquired a new stake in shares of FedEx in the second quarter valued at approximately $39,000. Abound Wealth Management lifted its stake in shares of FedEx by 175.9% during the second quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after acquiring an additional 95 shares during the period. Sachetta LLC boosted its holdings in FedEx by 29.1% in the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after acquiring an additional 37 shares during the last quarter. OFI Invest Asset Management increased its position in FedEx by 91.8% in the first quarter. OFI Invest Asset Management now owns 186 shares of the shipping service provider’s stock worth $50,000 after purchasing an additional 89 shares during the period. Finally, ORG Partners LLC bought a new stake in FedEx during the 2nd quarter worth about $50,000. Institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on FDX shares. Hsbc Global Res cut shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. TD Cowen cut their target price on FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. The Goldman Sachs Group lowered their price target on FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Stifel Nicolaus reduced their price objective on shares of FedEx from $327.00 to $321.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. Finally, UBS Group reduced their price target on shares of FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.17.

FedEx Stock Up 0.1 %

FedEx stock opened at $274.45 on Friday. FedEx Co. has a fifty-two week low of $224.69 and a fifty-two week high of $313.84. 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 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. The company’s 50-day moving average is $280.10 and its 200-day moving average is $275.00.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. During the same period in the previous year, the firm posted $4.55 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year. Sell-side analysts anticipate that FedEx Co. will post 19.6 earnings per share for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were issued a $1.38 dividend. The ex-dividend date was Monday, September 9th. This represents a $5.52 annualized dividend 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.