First Nebraska Trust Co Makes New $8.29 Million Investment in FedEx Corporation $FDX

First Nebraska Trust Co acquired a new stake in shares of FedEx Corporation (NYSE:FDX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 29,088 shares of the shipping service provider’s stock, valued at approximately $8,292,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in FedEx in the second quarter worth about $6,508,103,000. Primecap Management Co. CA purchased a new stake in shares of FedEx during the second quarter valued at about $2,554,138,000. Dimensional Fund Advisors LP lifted its position in shares of FedEx by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,630,669 shares of the shipping service provider’s stock valued at $936,688,000 after buying an additional 52,963 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of FedEx by 6.3% during the first quarter. Bank of New York Mellon Corp now owns 2,134,672 shares of the shipping service provider’s stock valued at $760,328,000 after buying an additional 125,950 shares during the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of FedEx in the 2nd quarter valued at about $579,171,000. Institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

FDX has been the topic of a number of analyst reports. UBS Group reaffirmed a “hold” rating on shares of FedEx in a research report on Friday. Wall Street Zen upgraded shares of FedEx to a “hold” rating in a research note on Saturday, August 8th. Sanford C. Bernstein set a $377.00 target price on shares of FedEx in a research report on Monday, October 26th. Stephens upgraded shares of FedEx to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Raymond James Financial set a $162.00 price target on shares of FedEx in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $359.16.

FedEx Trading Down 0.1%

Shares of NYSE:FDX opened at $318.03 on Wednesday. The business’s 50-day moving average is $303.85 and its 200 day moving average is $337.21. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.29. FedEx Corporation has a 1 year low of $200.20 and a 1 year high of $345.36. The firm has a market capitalization of $74.48 billion, a P/E ratio of 19.56, a P/E/G ratio of 1.28 and a beta of 1.27.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.34 by $0.40. The business had revenue of $22.93 billion during the quarter, compared to the consensus estimate of $22.73 billion. FedEx had a return on equity of 15.53% and a net margin of 4.09%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the company earned $3.83 earnings per share. On average, research analysts predict that FedEx Corporation will post 18.29 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Monday, September 14th were issued a dividend of $1.22 per share. The ex-dividend date was Monday, September 14th. This represents a $4.88 annualized dividend and a dividend yield of 1.5%. FedEx’s dividend payout ratio is 30.01%.

Insider Activity at FedEx

In related news, EVP Gina Adams sold 3,014 shares of the stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $317.06, for a total value of $955,618.84. Following the completion of the transaction, the executive vice president directly owned 9,656 shares of the company’s stock, valued at $3,061,531.36. This trade represents a 23.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Tracy Brightman sold 26,611 shares of FedEx stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $316.68, for a total transaction of $8,427,171.48. Following the completion of the sale, the executive vice president owned 12,245 shares of the company’s stock, valued at $3,877,746.60. This trade represents a 68.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.65% of the company’s stock.

FedEx 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.