FedEx Co. (NYSE:FDX) Shares Sold by NBC Securities Inc.

NBC Securities Inc. lowered its holdings in shares of FedEx Co. (NYSE:FDX) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 714 shares of the shipping service provider’s stock after selling 53 shares during the period. NBC Securities Inc.’s holdings in FedEx were worth $195,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FDX. Central Valley Advisors LLC acquired a new stake in shares of FedEx in the 2nd quarter worth approximately $39,000. Abound Wealth Management lifted its position in FedEx by 175.9% in the second quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock worth $45,000 after purchasing an additional 95 shares during the period. Sachetta LLC boosted its stake in FedEx by 29.1% during the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after purchasing an additional 37 shares in the last quarter. OFI Invest Asset Management increased its position in shares of FedEx by 91.8% during the 1st quarter. OFI Invest Asset Management now owns 186 shares of the shipping service provider’s stock valued at $50,000 after purchasing an additional 89 shares during the period. Finally, ORG Partners LLC bought a new stake in shares of FedEx in the 2nd quarter worth $50,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

NYSE FDX opened at $274.40 on Friday. The company has a 50 day moving average price of $280.10 and a two-hundred day moving average price of $275.00. FedEx Co. has a 12-month low of $224.69 and a 12-month high of $313.84. The stock has a market capitalization of $67.52 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.06 and a beta of 1.17. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. During the same quarter in the prior year, the company posted $4.55 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts predict that FedEx Co. will post 19.6 earnings per share for the current fiscal year.

FedEx Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FDX shares. Bank of America decreased their target price on FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a research note on Wednesday, September 18th. Hsbc Global Res cut shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Morgan Stanley lowered shares of FedEx from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $215.00 to $200.00 in a research note on Friday, September 20th. Daiwa America lowered shares of FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, The Goldman Sachs Group cut their price objective on FedEx from $333.00 to $332.00 in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.