KBC Group NV Has $31.41 Million Stock Position in FedEx Co. (NYSE:FDX)

KBC Group NV lessened its holdings in shares of FedEx Co. (NYSE:FDX) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,782 shares of the shipping service provider’s stock after selling 1,070 shares during the period. KBC Group NV’s holdings in FedEx were worth $31,413,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Capital International Investors raised its position in shares of FedEx by 32.5% during the first quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider’s stock worth $2,558,718,000 after acquiring an additional 2,163,622 shares during the last quarter. Vanguard Group Inc. increased its position in FedEx by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock valued at $5,756,602,000 after purchasing an additional 1,056,061 shares during the period. International Assets Investment Management LLC raised its holdings in FedEx by 473.8% during the 3rd quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock worth $2,147,540,000 after purchasing an additional 647,926 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of FedEx by 34.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock valued at $674,336,000 after purchasing an additional 578,350 shares during the last quarter. Finally, Ceredex Value Advisors LLC boosted its stake in shares of FedEx by 77.8% in the 3rd quarter. Ceredex Value Advisors LLC now owns 368,107 shares of the shipping service provider’s stock valued at $101,022,000 after purchasing an additional 161,022 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the topic of several recent analyst reports. Raymond James dropped their target price on shares of FedEx from $335.00 to $330.00 and set a “buy” rating on the stock in a report on Friday, September 20th. UBS Group dropped their price objective on FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. Stephens reaffirmed an “overweight” rating and set a $350.00 target price on shares of FedEx in a research note on Friday, September 20th. Citigroup increased their price target on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Susquehanna lowered their price objective 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $316.04.

FedEx Trading Up 0.1 %

Shares of FDX stock opened at $292.28 on Friday. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84. The company has a 50-day simple moving average of $275.04 and a two-hundred day simple moving average of $275.95. 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 company has a market capitalization of $71.41 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 1.17 and a beta of 1.17.

FedEx (NYSE:FDX) last issued its quarterly earnings results 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). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $21.87 billion. During the same period in the previous year, the business posted $4.55 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Research analysts anticipate that FedEx Co. will post 19.59 EPS for the current fiscal year.

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.