Janney Capital Management LLC Has $15.27 Million Holdings in FedEx Co. (FDX)

Janney Capital Management LLC cut its stake in shares of FedEx Co. (NYSE:FDX) by 3.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,697 shares of the shipping service provider’s stock after selling 2,273 shares during the quarter. Janney Capital Management LLC’s holdings in FedEx were worth $15,271,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of FedEx by 2.7% in the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock valued at $4,018,446,000 after buying an additional 492,840 shares in the last quarter. FMR LLC increased its stake in shares of FedEx by 0.3% in the second quarter. FMR LLC now owns 4,530,154 shares of the shipping service provider’s stock valued at $984,539,000 after buying an additional 15,382 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of FedEx by 7.3% in the third quarter. Ameriprise Financial Inc. now owns 3,925,763 shares of the shipping service provider’s stock valued at $885,594,000 after buying an additional 266,660 shares in the last quarter. Capital World Investors increased its stake in shares of FedEx by 16.1% in the second quarter. Capital World Investors now owns 3,614,899 shares of the shipping service provider’s stock valued at $785,626,000 after buying an additional 501,617 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of FedEx by 3.3% in the third quarter. Canada Pension Plan Investment Board now owns 3,612,357 shares of the shipping service provider’s stock valued at $814,875,000 after buying an additional 116,500 shares in the last quarter. 75.60% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on FDX. Wells Fargo & Company set a $275.00 target price on FedEx and gave the company a “buy” rating in a research note on Wednesday. Oppenheimer restated a “buy” rating and issued a $265.00 target price (up from $236.00) on shares of FedEx in a research note on Wednesday. Credit Suisse Group restated an “outperform” rating and issued a $278.00 target price (up from $233.00) on shares of FedEx in a research note on Thursday, December 14th. Zacks Investment Research upgraded FedEx from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Sanford C. Bernstein set a $236.00 target price on FedEx and gave the company a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $248.94.

In other news, insider Henry J. Maier sold 11,150 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the completion of the transaction, the insider now directly owns 36,747 shares in the company, valued at approximately $8,395,219.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert B. Carter sold 3,970 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $250.73, for a total value of $995,398.10. Following the transaction, the executive vice president now owns 187,025 shares of the company’s stock, valued at $46,892,778.25. The disclosure for this sale can be found here. Insiders have sold a total of 34,064 shares of company stock valued at $7,820,036 over the last 90 days. Corporate insiders own 8.45% of the company’s stock.

Shares of FedEx Co. (NYSE FDX) opened at $250.17 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $67,080.00, a PE ratio of 19.74, a P/E/G ratio of 1.53 and a beta of 1.36. FedEx Co. has a 12-month low of $182.89 and a 12-month high of $255.11.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, topping the Zacks’ consensus estimate of $2.89 by $0.29. The firm had revenue of $16.30 billion during the quarter, compared to analyst estimates of $15.67 billion. FedEx had a return on equity of 20.91% and a net margin of 4.74%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $2.80 earnings per share. analysts anticipate that FedEx Co. will post 12.47 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. FedEx’s payout ratio is currently 18.38%.

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About FedEx

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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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