FedEx Corporation $FDX Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in FedEx Corporation (NYSE:FDX) by 43.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 212,665 shares of the shipping service provider’s stock after selling 163,240 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in FedEx were worth $60,629,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ferguson Wellman Capital Management Inc. boosted its position in shares of FedEx by 3.2% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 830 shares of the shipping service provider’s stock valued at $296,000 after acquiring an additional 26 shares in the last quarter. Whipplewood Advisors LLC increased its stake in FedEx by 9.9% in the first quarter. Whipplewood Advisors LLC now owns 333 shares of the shipping service provider’s stock valued at $119,000 after acquiring an additional 30 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in FedEx by 11.9% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 283 shares of the shipping service provider’s stock valued at $101,000 after acquiring an additional 30 shares during the period. Avior Wealth Management LLC raised its position in FedEx by 2.6% in the second quarter. Avior Wealth Management LLC now owns 1,361 shares of the shipping service provider’s stock worth $426,000 after purchasing an additional 34 shares in the last quarter. Finally, CLG LLC raised its position in FedEx by 3.8% in the first quarter. CLG LLC now owns 952 shares of the shipping service provider’s stock worth $339,000 after purchasing an additional 35 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

FedEx Trading Up 1.9%

Shares of FDX opened at $303.77 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.74. FedEx Corporation has a 12-month low of $187.62 and a 12-month high of $345.36. The firm has a market capitalization of $71.89 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28. The stock’s fifty day simple moving average is $307.07 and its 200-day simple moving average is $332.39.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. The firm had revenue of $23.26 billion during the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. As a group, research analysts predict that FedEx Corporation will post 18.27 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Monday, September 14th were given a dividend of $1.22 per share. The ex-dividend date was Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a yield of 1.6%. FedEx’s dividend payout ratio is presently 26.36%.

Analyst Ratings Changes

A number of brokerages have weighed in on FDX. Stephens upgraded FedEx to a “strong-buy” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. dropped their price objective on shares of FedEx from $400.00 to $399.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Evercore boosted their target price on FedEx from $350.00 to $351.00 in a report on Monday, September 28th. Citizens Jmp assumed coverage on FedEx in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price target on the stock. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of FedEx in a report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, FedEx has a consensus rating of “Moderate Buy” and an average target price of $354.64.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.