Bfsg LLC Has $281,000 Stock Holdings in FedEx Co. (NYSE:FDX)

Bfsg LLC increased its position in shares of FedEx Co. (NYSE:FDX) by 34.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,025 shares of the shipping service provider’s stock after buying an additional 261 shares during the quarter. Bfsg LLC’s holdings in FedEx were worth $281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of FedEx in the 1st quarter worth $1,667,000. Allegheny Financial Group LTD acquired a new position in shares of FedEx during the first quarter valued at about $203,000. Hilltop National Bank bought a new stake in shares of FedEx during the first quarter worth about $476,000. Csenge Advisory Group raised its holdings in shares of FedEx by 14.9% in the 1st quarter. Csenge Advisory Group now owns 2,297 shares of the shipping service provider’s stock worth $666,000 after acquiring an additional 298 shares during the last quarter. Finally, Czech National Bank lifted its position in FedEx by 6.4% in the 3rd quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock valued at $12,564,000 after acquiring an additional 2,767 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FDX. Susquehanna lowered their price objective on FedEx from $345.00 to $330.00 and set a “positive” rating for the company in a research note on Friday, September 20th. HSBC downgraded shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price objective on the stock. in a report on Friday, September 20th. BMO Capital Markets lowered their target price on shares of FedEx from $325.00 to $300.00 and set a “market perform” rating for the company in a report on Friday, September 20th. Wells Fargo & Company boosted their price target on shares of FedEx from $275.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 26th. Finally, Loop Capital decreased their price objective on shares of FedEx from $317.00 to $288.00 and set a “hold” rating for the company in a research note on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, FedEx has a consensus rating of “Moderate Buy” and an average price target of $314.17.

FedEx Stock Performance

NYSE FDX opened at $274.33 on Friday. FedEx Co. has a 52-week low of $224.69 and a 52-week high of $313.84. The company has a fifty day moving average of $280.16 and a 200-day moving average of $275.04. The company has a market capitalization of $67.51 billion, a P/E ratio of 15.92, a P/E/G ratio of 1.06 and a beta of 1.17. 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 (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 the consensus estimate of $4.82 by ($1.22). The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm earned $4.55 EPS. As a group, equities research analysts predict that FedEx Co. will post 19.6 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, September 9th. FedEx’s dividend payout ratio (DPR) is presently 32.04%.

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.