Vanguard Personalized Indexing Management LLC Has $5.90 Million Position in FedEx Co. (NYSE:FDX)

Vanguard Personalized Indexing Management LLC increased its position in FedEx Co. (NYSE:FDX) by 5.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,004 shares of the shipping service provider’s stock after buying an additional 952 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in FedEx were worth $5,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Scarborough Advisors LLC acquired a new stake in FedEx during the 4th quarter valued at approximately $25,000. Fortis Group Advisors LLC increased its position in FedEx by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock valued at $25,000 after purchasing an additional 50 shares during the period. Sachetta LLC acquired a new stake in FedEx during the 4th quarter valued at approximately $32,000. Central Valley Advisors LLC acquired a new stake in FedEx during the 2nd quarter valued at approximately $39,000. Finally, Abound Wealth Management increased its position in 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 period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In other news, CAO Guy M. Erwin II sold 116 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $299.24, for a total value of $34,711.84. Following the completion of the transaction, the chief accounting officer now directly owns 930 shares of the company’s stock, valued at $278,293.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Sriram Krishnasamy sold 8,421 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $310.14, for a total value of $2,611,688.94. Following the completion of the transaction, the chief executive officer now directly owns 12,246 shares of the company’s stock, valued at $3,797,974.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Guy M. Erwin II sold 116 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $299.24, for a total value of $34,711.84. Following the completion of the transaction, the chief accounting officer now directly owns 930 shares of the company’s stock, valued at $278,293.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,944 shares of company stock valued at $9,882,355. Company insiders own 8.73% of the company’s stock.

FedEx Price Performance

Shares of NYSE FDX opened at $298.17 on Thursday. The stock has a fifty day simple moving average of $293.30 and a two-hundred day simple moving average of $274.62. FedEx Co. has a 1-year low of $224.69 and a 1-year high of $313.84. The firm has a market cap of $73.37 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.03 and a beta of 1.17. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.34 by $0.07. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The business had revenue of $22.11 billion during the quarter, compared to analyst estimates of $22.04 billion. During the same period in the prior year, the company earned $4.94 earnings per share. FedEx’s revenue was up .8% compared to the same quarter last year. Analysts anticipate that FedEx Co. will post 20.82 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.85%. The ex-dividend date is Monday, September 9th. FedEx’s dividend payout ratio (DPR) is 32.04%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. The Goldman Sachs Group increased their target price on shares of FedEx from $316.00 to $333.00 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Wells Fargo & Company increased their price target on FedEx from $275.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 26th. Oppenheimer reiterated a “market perform” rating on shares of FedEx in a report on Wednesday, June 26th. Raymond James cut their target price on FedEx from $325.00 to $300.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. Finally, Evercore ISI cut their target price on FedEx from $339.00 to $335.00 and set an “outperform” rating on the stock in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.58.

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.