Paragon Capital Management LLC trimmed its position in FedEx Corporation (NYSE:FDX) by 10.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,726 shares of the shipping service provider’s stock after selling 6,608 shares during the period. FedEx Corporation makes up approximately 4.2% of Paragon Capital Management LLC’s portfolio, making the stock its 6th biggest position. Paragon Capital Management LLC’s holdings in FedEx Corporation were worth $12,980,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Cribstone Capital Management LLC increased its position in FedEx Corporation by 1.2% in the 2nd quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock valued at $107,000 after buying an additional 6 shares in the last quarter. Guardian Life Insurance Co. of America increased its position in FedEx Corporation by 1.0% in the 1st quarter. Guardian Life Insurance Co. of America now owns 943 shares of the shipping service provider’s stock valued at $184,000 after buying an additional 9 shares in the last quarter. Park National Corp OH increased its position in FedEx Corporation by 0.9% in the 2nd quarter. Park National Corp OH now owns 1,178 shares of the shipping service provider’s stock valued at $256,000 after buying an additional 10 shares in the last quarter. Argent Trust Co increased its position in FedEx Corporation by 0.3% in the 1st quarter. Argent Trust Co now owns 4,516 shares of the shipping service provider’s stock valued at $882,000 after buying an additional 12 shares in the last quarter. Finally, Alexandria Capital LLC increased its position in FedEx Corporation by 2.5% in the 2nd quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after buying an additional 13 shares in the last quarter. 76.16% of the stock is owned by institutional investors and hedge funds.

FedEx Corporation (NYSE:FDX) opened at 227.72 on Tuesday. FedEx Corporation has a 1-year low of $170.16 and a 1-year high of $231.35. The stock has a market cap of $61.06 billion, a P/E ratio of 21.47 and a beta of 1.31. The company has a 50-day moving average price of $221.46 and a 200 day moving average price of $208.79.

FedEx Corporation (NYSE:FDX) last posted its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.66). FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. During the same period last year, the firm posted $2.90 EPS. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities analysts expect that FedEx Corporation will post $12.46 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Friday, September 8th. FedEx Corporation’s dividend payout ratio (DPR) is presently 18.87%.

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FDX has been the subject of a number of research analyst reports. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $220.00 target price on shares of FedEx Corporation in a research report on Monday, July 3rd. Loop Capital reaffirmed a “buy” rating and issued a $234.00 target price on shares of FedEx Corporation in a research report on Tuesday, July 4th. Cowen and Company reaffirmed a “buy” rating and issued a $240.00 target price on shares of FedEx Corporation in a research report on Tuesday, July 11th. Vetr raised FedEx Corporation from a “sell” rating to a “hold” rating and set a $206.26 target price for the company in a research report on Tuesday, July 18th. Finally, BidaskClub lowered FedEx Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $228.56.

In other news, insider Henry J. Maier sold 11,150 shares of FedEx Corporation stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the transaction, the insider now owns 36,747 shares in the company, valued at approximately $8,395,219.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael L. Ducker sold 14,964 shares of FedEx Corporation stock in a transaction on Friday, September 29th. The stock was sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the transaction, the chief executive officer now owns 53,397 shares in the company, valued at approximately $12,059,712.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,114 shares of company stock valued at $8,126,948. 8.45% of the stock is currently owned by insiders.

FedEx Corporation Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

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