KBC Group NV Has $31.41 Million Stock Holdings in FedEx Co. (NYSE:FDX)

KBC Group NV reduced its position in FedEx Co. (NYSE:FDX) by 0.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 114,782 shares of the shipping service provider’s stock after selling 1,070 shares during the period. KBC Group NV’s holdings in FedEx were worth $31,413,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of FedEx by 5.6% during the 1st 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 lifted 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 valued at $2,558,718,000 after purchasing an additional 2,163,622 shares during the last quarter. Ameriprise Financial Inc. boosted its position in 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 purchasing an additional 578,350 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of FedEx by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider’s stock valued at $654,312,000 after purchasing an additional 121,240 shares during the last quarter. Finally, Sentry LLC raised its position in shares of FedEx by 0.5% in the second quarter. Sentry LLC now owns 1,219,405 shares of the shipping service provider’s stock valued at $365,626,000 after purchasing an additional 6,657 shares during the period. Institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

FDX has been the topic of a number of research reports. Susquehanna decreased their price target on shares of FedEx from $345.00 to $330.00 and set a “positive” rating on the stock in a research note on Friday, September 20th. Citigroup upped their target price on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research report on Tuesday. Bank of America dropped their price target on FedEx from $347.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, September 18th. The Goldman Sachs Group lowered their price objective on FedEx from $333.00 to $332.00 in a research report on Friday, September 20th. Finally, Bernstein Bank boosted their target price on shares of FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a research report on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $316.04.

FedEx Trading Up 0.1 %

FDX opened at $292.28 on Friday. The company’s 50 day moving average is $275.04 and its 200-day moving average is $275.95. The company has a market cap of $71.41 billion, a P/E ratio of 18.03, a PEG ratio of 1.17 and a beta of 1.17. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share 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 company had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $21.87 billion. During the same period in the previous year, the firm posted $4.55 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. Equities research analysts predict that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

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.