Country Trust Bank Has $60,000 Stake in FedEx Co. (NYSE:FDX)

Country Trust Bank boosted its stake in shares of FedEx Co. (NYSE:FDX) by 1,000.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220 shares of the shipping service provider’s stock after buying an additional 200 shares during the quarter. Country Trust Bank’s holdings in FedEx were worth $60,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FDX. Vanguard Group Inc. lifted its stake in shares of FedEx by 5.6% in the first quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock worth $5,756,602,000 after acquiring an additional 1,056,061 shares during the period. Capital International Investors raised its holdings 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 purchasing an additional 2,163,622 shares during the last quarter. Putnam Investments LLC lifted its position in shares of FedEx by 38.1% in the 4th quarter. Putnam Investments LLC now owns 2,893,781 shares of the shipping service provider’s stock worth $732,040,000 after purchasing an additional 798,084 shares during the period. Mawer Investment Management Ltd. boosted its stake in shares of FedEx by 43.5% in the 1st quarter. Mawer Investment Management Ltd. now owns 2,258,579 shares of the shipping service provider’s stock valued at $654,401,000 after purchasing an additional 684,679 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of FedEx by 34.6% during the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock worth $674,336,000 after buying an additional 578,350 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Up 0.3 %

Shares of FedEx stock opened at $261.28 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The stock has a fifty day simple moving average of $283.84 and a 200 day simple moving average of $276.02. FedEx Co. has a 12-month low of $224.69 and a 12-month high of $313.84. The company has a market capitalization of $64.30 billion, a P/E ratio of 15.16, a price-to-earnings-growth ratio of 1.04 and a beta of 1.17.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. During the same quarter in the previous year, the company earned $4.55 EPS. The business’s revenue was down .5% compared to the same quarter last year. On average, sell-side analysts anticipate that FedEx Co. will post 19.66 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th were paid a $1.38 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.11%. FedEx’s payout ratio is presently 32.04%.

Insider Activity

In related news, EVP Brie Carere sold 1,958 shares of FedEx stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total transaction of $607,821.94. Following the sale, the executive vice president now directly owns 19,937 shares in the company, valued at approximately $6,189,042.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Marvin R. Ellison sold 2,535 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $299.34, for a total transaction of $758,826.90. Following the completion of the transaction, the director now directly owns 6,955 shares of the company’s stock, valued at $2,081,909.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brie Carere sold 1,958 shares of FedEx stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total transaction of $607,821.94. Following the completion of the sale, the executive vice president now directly owns 19,937 shares in the company, valued at $6,189,042.91. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,914 shares of company stock valued at $3,978,338 over the last three months. Corporate insiders own 8.73% of the company’s stock.

Wall Street Analyst Weigh In

FDX has been the topic of a number of research analyst reports. Raymond James cut their price target on shares of FedEx from $335.00 to $330.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. HSBC lowered FedEx from a “buy” rating to a “hold” rating and set a $300.00 price target on the stock. in a research note on Friday, September 20th. Argus raised their price objective on shares of FedEx from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Hsbc Global Res downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Finally, Robert W. Baird cut their target price on shares of FedEx from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $314.74.

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.