1,611 Shares in FedEx Corporation (FDX) Acquired by Brighton Jones LLC

Brighton Jones LLC acquired a new stake in FedEx Corporation (NYSE:FDX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,611 shares of the shipping service provider’s stock, valued at approximately $350,000.

Other large investors have also recently modified their holdings of the company. FNY Managed Accounts LLC bought a new stake in FedEx Corporation in the 1st quarter valued at about $100,000. Riggs Asset Managment Co. Inc. lifted its position in FedEx Corporation by 163.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock valued at $105,000 after purchasing an additional 300 shares during the last quarter. Cribstone Capital Management LLC lifted its position in FedEx Corporation by 1.2% in the 2nd quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock valued at $107,000 after purchasing an additional 6 shares during the last quarter. Alexandria Capital LLC lifted its position in FedEx Corporation by 2.5% in the 2nd quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after purchasing an additional 13 shares during the last quarter. Finally, Hefty Wealth Partners lifted its position in FedEx Corporation by 26.0% in the 2nd quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider’s stock valued at $136,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 75.89% of the company’s stock.

In related news, CEO Michael L. Ducker sold 14,964 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $225.85, for a total value of $3,379,619.40. Following the transaction, the chief executive officer now owns 53,397 shares in the company, valued at $12,059,712.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Donald F. Colleran sold 10,000 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. Following the completion of the transaction, the executive vice president now owns 30,499 shares in the company, valued at approximately $6,709,780. The disclosure for this sale can be found here. Insiders have sold a total of 27,172 shares of company stock worth $6,039,193 in the last quarter. Company insiders own 8.45% of the company’s stock.

Several equities analysts have commented on the stock. Vetr cut shares of FedEx Corporation to a “sell” rating and set a $204.84 target price on the stock. in a research note on Thursday, August 31st. J P Morgan Chase & Co reissued an “overweight” rating and set a $237.00 target price on shares of FedEx Corporation in a research note on Wednesday, June 21st. Credit Suisse Group raised their target price on shares of FedEx Corporation from $225.00 to $237.00 and gave the company an “outperform” rating in a research note on Wednesday, June 21st. Cowen and Company reissued an “outperform” rating and set a $240.00 target price on shares of FedEx Corporation in a research note on Wednesday, June 21st. Finally, Robert W. Baird reissued a “buy” rating and set a $235.00 target price on shares of FedEx Corporation in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-one have assigned a buy rating to the company. FedEx Corporation has a consensus rating of “Buy” and an average target price of $225.71.

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FedEx Corporation (FDX) opened at 220.80 on Friday. FedEx Corporation has a 12 month low of $168.00 and a 12 month high of $227.00. The company has a market cap of $59.21 billion, a price-to-earnings ratio of 20.82 and a beta of 1.31. The company’s 50-day moving average is $215.44 and its 200-day moving average is $204.90.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.66). The firm had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.90 EPS. On average, equities research analysts anticipate that FedEx Corporation will post $12.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, September 8th. FedEx Corporation’s payout ratio is 18.87%.

FedEx Corporation Profile

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 Corporation (NYSE:FDX)

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