DGS Capital Management LLC Boosts Stake in FedEx Co. (NYSE:FDX)

DGS Capital Management LLC boosted its holdings in FedEx Co. (NYSE:FDX) by 10.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,405 shares of the shipping service provider’s stock after acquiring an additional 136 shares during the quarter. DGS Capital Management LLC’s holdings in FedEx were worth $385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FDX. Evermay Wealth Management LLC grew its holdings in shares of FedEx by 72.7% in the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after acquiring an additional 40 shares during the period. Highline Wealth Partners LLC purchased a new stake in FedEx during the third quarter worth $31,000. Abound Wealth Management grew its holdings in FedEx by 175.9% in the second quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after purchasing an additional 95 shares during the last quarter. Sachetta LLC raised its stake in shares of FedEx by 29.1% during the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock worth $49,000 after buying an additional 37 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in shares of FedEx during the 2nd quarter worth $50,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

Shares of NYSE FDX opened at $283.34 on Friday. The business has a 50 day moving average price of $281.30 and a two-hundred day moving average price of $280.87. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The firm has a market cap of $69.23 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $21.87 billion. During the same quarter last year, the firm posted $4.55 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts expect that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be paid a $1.38 dividend. The ex-dividend date is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 1.95%. FedEx’s dividend payout ratio (DPR) is 34.05%.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of research reports. UBS Group cut their target price on shares of FedEx from $333.00 to $311.00 and set a “buy” rating for the company in a research report on Friday, September 20th. The Goldman Sachs Group reduced their target price on FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. TD Cowen lowered their target price on FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. Finally, Robert W. Baird decreased their price objective on FedEx from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $316.68.

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.