Curi RMB Capital LLC Increases Position in FedEx Co. (NYSE:FDX)

Curi RMB Capital LLC boosted its holdings in shares of FedEx Co. (NYSE:FDX) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,568 shares of the shipping service provider’s stock after acquiring an additional 57 shares during the period. Curi RMB Capital LLC’s holdings in FedEx were worth $976,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Czech National Bank boosted its holdings in FedEx by 6.4% in the 3rd quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock valued at $12,564,000 after purchasing an additional 2,767 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new position in FedEx in the 2nd quarter valued at about $9,226,000. Raymond James & Associates boosted its holdings in FedEx by 6.9% in the 3rd quarter. Raymond James & Associates now owns 485,698 shares of the shipping service provider’s stock valued at $132,926,000 after purchasing an additional 31,241 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of FedEx in the 2nd quarter worth approximately $22,052,000. Finally, Versor Investments LP acquired a new position in shares of FedEx in the 3rd quarter worth approximately $2,096,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Up 0.7 %

NYSE FDX opened at $294.46 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The firm’s fifty day moving average price is $275.18 and its 200 day moving average price is $276.07. The company has a market capitalization of $71.94 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.17 and a beta of 1.17. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $21.87 billion. During the same period last year, the business earned $4.55 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, sell-side analysts expect that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.87%. FedEx’s payout ratio is currently 34.05%.

Analyst Ratings Changes

FDX has been the topic of several recent analyst reports. Evercore ISI decreased their price objective on shares of FedEx from $335.00 to $318.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Stifel Nicolaus decreased their price objective on shares of FedEx from $327.00 to $321.00 and set a “buy” rating on the stock in a report on Friday, September 20th. BMO Capital Markets decreased their price objective on shares of FedEx from $325.00 to $300.00 and set a “market perform” rating on the stock in a report on Friday, September 20th. Morgan Stanley lowered shares of FedEx from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $215.00 to $200.00 in a report on Friday, September 20th. Finally, Susquehanna decreased their price objective on shares of FedEx from $345.00 to $330.00 and set a “positive” rating on the stock in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $316.04.

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.