FedEx Co. (NYSE:FDX) Shares Purchased by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC raised its holdings in FedEx Co. (NYSE:FDX) by 122.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,668 shares of the shipping service provider’s stock after acquiring an additional 918 shares during the quarter. Nicolet Advisory Services LLC’s holdings in FedEx were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in FDX. Stonebrook Private Inc. boosted its position in shares of FedEx by 8.2% in the 3rd quarter. Stonebrook Private Inc. now owns 743 shares of the shipping service provider’s stock valued at $203,000 after purchasing an additional 56 shares during the period. Nwam LLC acquired a new stake in shares of FedEx during the 3rd quarter valued at about $387,000. Meridian Wealth Management LLC grew its position in FedEx by 7.4% in the third quarter. Meridian Wealth Management LLC now owns 803 shares of the shipping service provider’s stock worth $220,000 after acquiring an additional 55 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in FedEx by 6.0% in the third quarter. Raymond James Trust N.A. now owns 11,823 shares of the shipping service provider’s stock worth $3,236,000 after purchasing an additional 667 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of FedEx by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider’s stock worth $397,267,000 after acquiring an additional 13,093 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FDX has been the subject of several recent analyst reports. Morgan Stanley downgraded 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. Citigroup lifted their price objective on FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. The Goldman Sachs Group dropped their price objective on FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of FedEx from $359.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $316.04.

FedEx Stock Up 1.6 %

Shares of NYSE:FDX opened at $299.97 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The company has a 50 day moving average price of $276.34 and a two-hundred day moving average price of $277.54. The company has a market capitalization of $73.29 billion, a PE ratio of 18.51, a PEG ratio of 1.23 and a beta of 1.17.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing the consensus estimate of $4.82 by ($1.22). The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.55 earnings per share. Analysts forecast that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 1.84%. FedEx’s payout ratio is currently 34.05%.

FedEx Profile

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.