Berman Capital Advisors LLC Has $850,000 Stake in FedEx Co. (NYSE:FDX)

Berman Capital Advisors LLC boosted its position in FedEx Co. (NYSE:FDX) by 16.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,851 shares of the shipping service provider’s stock after acquiring an additional 397 shares during the quarter. Berman Capital Advisors LLC’s holdings in FedEx were worth $850,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. The PNC Financial Services Group Inc. increased its stake in FedEx by 6.6% in the first quarter. The PNC Financial Services Group Inc. now owns 82,104 shares of the shipping service provider’s stock valued at $23,320,000 after acquiring an additional 5,098 shares during the last quarter. Evercore Wealth Management LLC increased its stake in FedEx by 5,779.5% in the first quarter. Evercore Wealth Management LLC now owns 146,281 shares of the shipping service provider’s stock valued at $41,550,000 after acquiring an additional 143,793 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in FedEx by 6.9% in the first quarter. Thrivent Financial for Lutherans now owns 13,913 shares of the shipping service provider’s stock valued at $3,952,000 after acquiring an additional 903 shares during the last quarter. Transform Wealth LLC bought a new position in FedEx in the second quarter valued at approximately $5,099,000. Finally, Geode Capital Management LLC increased its stake in FedEx by 3.8% in the first quarter. Geode Capital Management LLC now owns 3,627,388 shares of the shipping service provider’s stock valued at $1,027,167,000 after acquiring an additional 131,866 shares during the last quarter. 72.64% of the stock is currently owned by institutional investors and hedge funds.

FDX stock traded down $21.54 during midday trading on Wednesday, hitting $230.53. The stock had a trading volume of 474,035 shares, compared to its average volume of 2,291,626. The firm has a market cap of $61.37 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 1.01 and a beta of 1.22. The company has a current ratio of 1.51, a quick ratio of 1.46 and a debt-to-equity ratio of 0.86. FedEx Co. has a 1-year low of $234.79 and a 1-year high of $319.90. The business has a fifty day moving average price of $273.71 and a two-hundred day moving average price of $285.32.

FedEx (NYSE:FDX) last released its earnings results on Tuesday, September 21st. The shipping service provider reported $4.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.96 by ($0.59). The firm had revenue of $22 billion during the quarter, compared to analyst estimates of $21.86 billion. FedEx had a net margin of 6.23% and a return on equity of 22.55%. FedEx’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.87 EPS. On average, equities analysts anticipate that FedEx Co. will post 21.27 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 1st. Investors of record on Friday, September 3rd will be issued a $0.75 dividend. The ex-dividend date of this dividend is Thursday, September 2nd. This represents a $3.00 annualized dividend and a yield of 1.30%. FedEx’s payout ratio is 16.51%.

In other news, EVP Robert B. Carter sold 16,235 shares of the company’s stock in a transaction dated Monday, July 12th. The shares were sold at an average price of $299.66, for a total transaction of $4,864,980.10. Following the transaction, the executive vice president now owns 68,680 shares in the company, valued at $20,580,648.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan C. Schwab sold 4,720 shares of the company’s stock in a transaction dated Tuesday, June 29th. The shares were sold at an average price of $297.30, for a total transaction of $1,403,256.00. Following the transaction, the director now owns 10,312 shares in the company, valued at approximately $3,065,757.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,240 shares of company stock worth $9,608,596. 8.16% of the stock is owned by company insiders.

A number of brokerages recently issued reports on FDX. Stephens decreased their price objective on shares of FedEx from $360.00 to $330.00 and set an “overweight” rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of FedEx from $318.00 to $375.00 and gave the stock a “buy” rating in a research note on Monday, June 28th. UBS Group set a $369.00 target price on shares of FedEx in a research note on Wednesday. Morgan Stanley decreased their target price on shares of FedEx from $270.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Bank of America reaffirmed a “buy” rating and set a $372.00 target price on shares of FedEx in a research note on Tuesday, June 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $337.08.

FedEx Profile

FedEx Corp. is a holding company, which engages in the provision of a portfolio of transportation, e-commerce, and business services. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other & Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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