Diversified Trust Co Acquires 877 Shares of FedEx Corporation (NYSE:FDX)

Diversified Trust Co lifted its holdings in FedEx Corporation (NYSE:FDX) by 11.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,578 shares of the shipping service provider’s stock after buying an additional 877 shares during the period. Diversified Trust Co’s holdings in FedEx were worth $2,091,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Falcon Wealth Planning increased its holdings in shares of FedEx by 32.5% in the 1st quarter. Falcon Wealth Planning now owns 1,198 shares of the shipping service provider’s stock worth $292,000 after buying an additional 294 shares during the last quarter. Beech Hill Advisors Inc. increased its holdings in shares of FedEx by 3.6% in the 1st quarter. Beech Hill Advisors Inc. now owns 7,275 shares of the shipping service provider’s stock worth $1,774,000 after buying an additional 250 shares during the last quarter. KPP Advisory Services LLC increased its holdings in shares of FedEx by 51.1% in the 1st quarter. KPP Advisory Services LLC now owns 1,499 shares of the shipping service provider’s stock worth $365,000 after buying an additional 507 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of FedEx by 78.7% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,381 shares of the shipping service provider’s stock worth $337,000 after buying an additional 608 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of FedEx by 70.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 58,828 shares of the shipping service provider’s stock worth $14,341,000 after buying an additional 24,216 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

Shares of FDX opened at $229.37 on Friday. The company has a 50 day moving average price of $220.19 and a 200-day moving average price of $242.96. FedEx Corporation has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. The stock has a market capitalization of $54.96 billion, a PE ratio of 13.59, a PEG ratio of 1.18 and a beta of 1.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.19 and a current ratio of 1.19.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping the consensus estimate of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.86 billion. During the same quarter in the prior year, the company earned $5.41 EPS. Equities analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Monday, June 23rd will be given a dividend of $1.45 per share. This is a boost from FedEx’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $5.80 dividend on an annualized basis and a yield of 2.53%. FedEx’s dividend payout ratio is presently 36.39%.

Analyst Ratings Changes

Several brokerages recently commented on FDX. Sanford C. Bernstein cut their price target on shares of FedEx from $282.00 to $249.00 and set a “market perform” rating on the stock in a report on Friday, June 13th. Deutsche Bank Aktiengesellschaft began coverage on shares of FedEx in a report on Friday, March 7th. They set a “buy” rating and a $337.00 price target on the stock. Cfra Research upgraded shares of FedEx to a “hold” rating in a report on Thursday, March 20th. Bank of America cut their price target on shares of FedEx from $270.00 to $245.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Cowen reiterated a “buy” rating on shares of FedEx in a report on Wednesday. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has assigned a strong 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 $283.00.

About FedEx

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.