Vinva Investment Management Ltd Has $2.68 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Vinva Investment Management Ltd boosted its position in shares of FedEx Co. (NYSE:FDX) by 139.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,033 shares of the shipping service provider’s stock after purchasing an additional 5,836 shares during the period. Vinva Investment Management Ltd’s holdings in FedEx were worth $2,684,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Stephens reiterated an “overweight” rating and issued a $350.00 price objective on shares of FedEx in a report on Friday, September 20th. Robert W. Baird decreased their price target on FedEx from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Barclays increased their price objective on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Citigroup boosted their target price on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, UBS Group lowered their price target on FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $316.04.

FedEx Stock Performance

FDX opened at $303.39 on Friday. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The stock has a market cap of $74.13 billion, a PE ratio of 18.72, a P/E/G ratio of 1.27 and a beta of 1.17. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The stock’s 50 day simple moving average is $276.86 and its 200-day simple moving average is $278.60.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $21.87 billion. During the same quarter in the prior year, the company earned $4.55 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Sell-side analysts forecast that FedEx Co. will post 19.59 EPS for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be paid a dividend of $1.38 per share. The ex-dividend date is Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 1.82%. FedEx’s dividend payout ratio is 34.05%.

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.