Chicago Partners Investment Group LLC Boosts Position in FedEx Corporation (FDX)

Chicago Partners Investment Group LLC boosted its stake in shares of FedEx Corporation (NYSE:FDX) by 30.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,299 shares of the shipping service provider’s stock after buying an additional 300 shares during the period. Chicago Partners Investment Group LLC’s holdings in FedEx Corporation were worth $253,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of FDX. Chevy Chase Trust Holdings Inc. raised its stake in shares of FedEx Corporation by 4.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 259,990 shares of the shipping service provider’s stock valued at $50,737,000 after buying an additional 11,201 shares during the last quarter. Bridges Investment Management Inc. raised its stake in shares of FedEx Corporation by 4.5% in the first quarter. Bridges Investment Management Inc. now owns 35,384 shares of the shipping service provider’s stock valued at $6,905,000 after buying an additional 1,526 shares during the last quarter. F&V Capital Management LLC raised its stake in shares of FedEx Corporation by 8.7% in the first quarter. F&V Capital Management LLC now owns 40,465 shares of the shipping service provider’s stock valued at $7,897,000 after buying an additional 3,245 shares during the last quarter. Triangle Securities Wealth Management raised its stake in shares of FedEx Corporation by 1.9% in the first quarter. Triangle Securities Wealth Management now owns 2,376 shares of the shipping service provider’s stock valued at $464,000 after buying an additional 45 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC raised its stake in shares of FedEx Corporation by 21.2% in the first quarter. Atalanta Sosnoff Capital LLC now owns 208,111 shares of the shipping service provider’s stock valued at $40,612,000 after buying an additional 36,459 shares during the last quarter. Hedge funds and other institutional investors own 76.00% of the company’s stock.

Shares of FedEx Corporation (NYSE:FDX) traded up 0.31% during trading on Friday, reaching $206.00. 930,437 shares of the company were exchanged. The stock’s 50 day moving average is $211.69 and its 200 day moving average is $199.13. The company has a market capitalization of $55.26 billion, a price-to-earnings ratio of 18.61 and a beta of 1.27. FedEx Corporation has a 1-year low of $158.20 and a 1-year high of $219.99.

FedEx Corporation (NYSE:FDX) last issued its earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.88 by $0.37. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The firm had revenue of $15.70 billion during the quarter, compared to analyst estimates of $15.56 billion. During the same quarter in the prior year, the business earned $3.30 earnings per share. FedEx Corporation’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities analysts anticipate that FedEx Corporation will post $13.56 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.97%. FedEx Corporation’s dividend payout ratio (DPR) is currently 18.08%.

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FDX has been the subject of several research analyst reports. Vetr lowered shares of FedEx Corporation from a “buy” rating to a “hold” rating and set a $195.86 price target for the company. in a research note on Monday, May 8th. Zacks Investment Research upgraded shares of FedEx Corporation from a “hold” rating to a “buy” rating and set a $215.00 price target for the company in a research note on Tuesday, May 23rd. ValuEngine raised shares of FedEx Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Seaport Global Securities began coverage on shares of FedEx Corporation in a report on Tuesday, June 6th. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus raised their price objective on shares of FedEx Corporation from $194.00 to $216.00 and gave the stock a “hold” rating in a report on Monday, June 12th. Six equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. FedEx Corporation presently has a consensus rating of “Buy” and a consensus target price of $221.78.

In other FedEx Corporation news, VP John L. Merino sold 7,200 shares of the stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $211.26, for a total transaction of $1,521,072.00. Following the completion of the transaction, the vice president now owns 33,908 shares in the company, valued at $7,163,404.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Edwardson sold 2,208 shares of the stock in a transaction on Monday, July 31st. The shares were sold at an average price of $208.14, for a total transaction of $459,573.12. Following the transaction, the director now owns 30,608 shares of the company’s stock, valued at approximately $6,370,749.12. The disclosure for this sale can be found here. Insiders have sold 77,757 shares of company stock valued at $16,447,426 in the last quarter. 8.67% of the stock is owned by company insiders.

About FedEx Corporation

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

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