Dynamic Advisor Solutions LLC Trims Position in FedEx Corporation $FDX

Dynamic Advisor Solutions LLC decreased its holdings in shares of FedEx Corporation (NYSE:FDX) by 55.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,285 shares of the shipping service provider’s stock after selling 2,795 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in FedEx were worth $660,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FDX. Vanguard Group Inc. boosted its stake in FedEx by 13.2% in the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after buying an additional 2,741,723 shares during the last quarter. Dodge & Cox increased its stake in shares of FedEx by 12.0% during the 3rd quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock valued at $3,826,055,000 after acquiring an additional 1,742,666 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of FedEx by 5.9% during the 3rd quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock valued at $1,135,411,000 after acquiring an additional 269,567 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of FedEx by 3.1% during the 3rd quarter. Invesco Ltd. now owns 3,618,898 shares of the shipping service provider’s stock worth $853,372,000 after acquiring an additional 108,426 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of FedEx by 169.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider’s stock worth $638,203,000 after acquiring an additional 1,718,278 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Down 2.2%

NYSE FDX opened at $349.83 on Friday. The firm has a market capitalization of $83.47 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 1.57 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. FedEx Corporation has a one year low of $194.29 and a one year high of $392.86. The company’s 50 day moving average price is $354.70 and its 200 day moving average price is $294.44.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The company had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. During the same period in the previous year, the firm earned $4.51 earnings per share. FedEx’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Monday, March 9th. FedEx’s dividend payout ratio is 30.87%.

Analysts Set New Price Targets

FDX has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $479.00 target price on shares of FedEx in a report on Friday, February 13th. BNP Paribas Exane set a $280.00 price target on shares of FedEx and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Morgan Stanley lifted their price target on shares of FedEx from $220.00 to $230.00 and gave the company an “underweight” rating in a report on Friday, March 20th. Susquehanna boosted their price objective on shares of FedEx from $410.00 to $455.00 and gave the company a “positive” rating in a research note on Friday, March 20th. Finally, HSBC upgraded FedEx from a “reduce” rating to a “hold” rating and set a $360.00 price objective for the company in a report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $393.85.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.