Nykredit A S Invests $17.04 Million in FedEx Corporation $FDX

Nykredit A S acquired a new stake in shares of FedEx Corporation (NYSE:FDX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 54,430 shares of the shipping service provider’s stock, valued at approximately $17,044,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of FedEx by 78.9% during the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in FedEx during the second quarter valued at $586,000. Quantbot Technologies LP acquired a new position in FedEx during the second quarter valued at $186,000. Finally, Jump Financial LLC purchased a new stake in FedEx in the second quarter valued at $456,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insiders Place Their Bets

In related news, Director Paul Walsh sold 5,042 shares of FedEx stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total value of $1,636,431.52. Following the sale, the director directly owned 16,359 shares in the company, valued at approximately $5,309,477.04. The trade was a 23.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

FedEx Trading Down 0.7%

Shares of FDX stock opened at $322.11 on Friday. FedEx Corporation has a 1-year low of $177.65 and a 1-year high of $345.36. The company has a market cap of $76.23 billion, a price-to-earnings ratio of 17.40, a PEG ratio of 1.72 and a beta of 1.32. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44. The stock has a 50 day simple moving average of $319.36 and a 200-day simple moving average of $349.10.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. The company had revenue of $23.26 billion during the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. On average, equities research analysts expect that FedEx Corporation will post 17.6 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, September 14th. FedEx’s dividend payout ratio is 26.36%.

Analyst Ratings Changes

A number of research firms have weighed in on FDX. BNP Paribas Exane reduced their price objective on FedEx from $335.00 to $269.76 and set a “neutral” rating for the company in a research note on Tuesday, June 2nd. HSBC reduced their price target on FedEx from $360.00 to $289.89 and set a “hold” rating for the company in a research report on Monday, June 1st. Evercore set a $165.00 price objective on shares of FedEx in a research note on Friday, June 26th. Rothschild & Co Redburn decreased their target price on shares of FedEx from $375.00 to $344.00 and set a “neutral” rating for the company in a research note on Tuesday, June 2nd. Finally, Stephens raised shares of FedEx to a “strong-buy” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $350.54.

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.