FedEx Co. (NYSE:FDX) Holdings Raised by Centaurus Financial Inc.

Centaurus Financial Inc. grew its position in FedEx Co. (NYSE:FDX – Get Rating) by 25.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,594 shares of the shipping service provider’s stock after acquiring an additional 528 shares during the quarter. Centaurus Financial Inc.’s holdings in FedEx were worth $385,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in FDX. Renaissance Technologies LLC bought a new stake in shares of FedEx in the 3rd quarter valued at approximately $122,633,000. Mawer Investment Management Ltd. bought a new stake in shares of FedEx in the 2nd quarter valued at approximately $181,239,000. FMR LLC grew its stake in FedEx by 15.6% during the 2nd quarter. FMR LLC now owns 4,100,112 shares of the shipping service provider’s stock worth $929,536,000 after buying an additional 554,395 shares during the last quarter. Sachem Head Capital Management LP bought a new position in FedEx during the 2nd quarter worth $111,972,000. Finally, BlackRock Inc. grew its stake in FedEx by 2.9% during the 3rd quarter. BlackRock Inc. now owns 16,818,843 shares of the shipping service provider’s stock worth $2,497,094,000 after buying an additional 469,345 shares during the last quarter. 72.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FDX shares. Jefferies Financial Group upped their price objective on FedEx from $170.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, December 22nd. Stephens upped their price objective on FedEx from $200.00 to $290.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays upped their price objective on FedEx from $240.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets upped their price objective on FedEx from $180.00 to $210.00 and gave the stock a “market perform” rating in a research note on Monday, March 13th. Finally, The Goldman Sachs Group boosted their price target on FedEx from $218.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $230.75.

Insider Activity

In related news, Director Amy B. Lane bought 280 shares of FedEx stock in a transaction dated Tuesday, January 3rd. The stock was acquired at an average cost of $175.83 per share, with a total value of $49,232.40. Following the completion of the acquisition, the director now directly owns 1,529 shares in the company, valued at approximately $268,844.07. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.62% of the stock is currently owned by company insiders.

FedEx Trading Up 8.0 %

Shares of FedEx stock opened at $220.31 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.30 and a debt-to-equity ratio of 0.83. The firm has a market cap of $55.61 billion, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 1.20 and a beta of 1.31. The business has a fifty day simple moving average of $201.14 and a 200-day simple moving average of $181.41. FedEx Co. has a fifty-two week low of $141.92 and a fifty-two week high of $248.76.

FedEx (NYSE:FDX – Get Rating) last announced its quarterly earnings data on Thursday, March 16th. The shipping service provider reported $3.41 earnings per share for the quarter, beating the consensus estimate of $2.67 by $0.74. FedEx had a return on equity of 19.17% and a net margin of 3.54%. The business had revenue of $22.17 billion during the quarter, compared to analyst estimates of $22.74 billion. During the same quarter in the prior year, the firm posted $4.59 earnings per share. The company’s revenue was down 6.2% on a year-over-year basis. On average, equities analysts forecast that FedEx Co. will post 13.53 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Stockholders of record on Monday, March 13th will be issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, March 10th. FedEx’s dividend payout ratio is 36.14%.

FedEx Profile

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FedEx Corp. provides a broad portfolio of transportation, e-commerce and business services under the FedEx brand. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other & Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight.