Tandem Capital Management Corp ADV Grows Position in FedEx Co. (NYSE:FDX)

Tandem Capital Management Corp ADV increased its holdings in shares of FedEx Co. (NYSE:FDX) by 1.3% during the third quarter, Holdings Channel.com reports. The firm owned 6,727 shares of the shipping service provider’s stock after buying an additional 85 shares during the period. Tandem Capital Management Corp ADV’s holdings in FedEx were worth $1,949,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FDX. Vanguard Group Inc. lifted its position in FedEx by 5.6% during the first quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock valued at $5,756,602,000 after acquiring an additional 1,056,061 shares during the last quarter. Capital International Investors grew its stake in FedEx by 32.5% during the 1st quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider’s stock worth $2,558,718,000 after buying an additional 2,163,622 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in FedEx by 43.5% in the first quarter. Mawer Investment Management Ltd. now owns 2,258,579 shares of the shipping service provider’s stock valued at $654,401,000 after buying an additional 684,679 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in FedEx by 34.6% in the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock worth $674,336,000 after acquiring an additional 578,350 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of FedEx by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider’s stock worth $654,312,000 after acquiring an additional 121,240 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Trading Up 0.6 %

Shares of NYSE:FDX traded up $1.77 during mid-day trading on Friday, reaching $274.64. 35,369 shares of the company were exchanged, compared to its average volume of 1,830,541. The firm has a market cap of $67.58 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 1.06 and a beta of 1.17. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. FedEx Co. has a 1 year low of $224.69 and a 1 year high of $313.84. The firm’s 50-day simple moving average is $279.32 and its 200 day simple moving average is $274.85.

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 the consensus estimate 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 during the quarter, compared to analysts’ expectations of $21.87 billion. During the same period in the previous year, the business posted $4.55 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts forecast that FedEx Co. will post 19.6 EPS for the current year.

FedEx Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently commented on FDX shares. Susquehanna lowered their target price 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. BMO Capital Markets reduced their price objective on FedEx from $325.00 to $300.00 and set a “market perform” rating for the company in a research note on Friday, September 20th. Stifel Nicolaus dropped their target price on FedEx from $327.00 to $321.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Raymond James decreased their price target on FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a report on Friday, September 20th. Finally, Stephens reaffirmed an “overweight” rating and set a $350.00 price objective on shares of FedEx in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $314.17.

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.