Atlantic Trust Group LLC increased its position in FedEx Co. (NYSE:FDX) by 20.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,224 shares of the shipping service provider’s stock after purchasing an additional 9,730 shares during the period. Atlantic Trust Group LLC’s holdings in FedEx were worth $13,134,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in FedEx by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock worth $4,018,446,000 after buying an additional 492,840 shares during the last quarter. FMR LLC increased its position in shares of FedEx by 0.3% during the 2nd quarter. FMR LLC now owns 4,530,154 shares of the shipping service provider’s stock valued at $984,539,000 after purchasing an additional 15,382 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of FedEx by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,925,763 shares of the shipping service provider’s stock valued at $885,594,000 after purchasing an additional 266,660 shares during the last quarter. Capital World Investors increased its position in shares of FedEx by 16.1% during the 2nd quarter. Capital World Investors now owns 3,614,899 shares of the shipping service provider’s stock valued at $785,626,000 after purchasing an additional 501,617 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of FedEx by 3.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,612,357 shares of the shipping service provider’s stock valued at $814,875,000 after purchasing an additional 116,500 shares during the last quarter. Institutional investors own 75.60% of the company’s stock.

Several equities research analysts have recently commented on the stock. Wells Fargo & Co set a $275.00 price target on shares of FedEx and gave the company a “buy” rating in a research report on Wednesday, December 20th. Oppenheimer reaffirmed a “buy” rating and set a $265.00 price target (up previously from $236.00) on shares of FedEx in a research report on Wednesday, December 20th. Credit Suisse Group reissued an “outperform” rating and issued a $278.00 target price (up from $233.00) on shares of FedEx in a report on Thursday, December 14th. Sanford C. Bernstein set a $236.00 target price on shares of FedEx and gave the stock a “hold” rating in a report on Wednesday, December 20th. Finally, Stephens set a $306.00 target price on shares of FedEx and gave the stock a “buy” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $253.12.

In related news, EVP Robert B. Carter sold 3,970 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $250.73, for a total value of $995,398.10. Following the completion of the sale, the executive vice president now directly owns 187,025 shares in the company, valued at $46,892,778.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kim Jabal sold 3,980 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total value of $897,689.00. Following the completion of the sale, the director now owns 6,080 shares of the company’s stock, valued at $1,371,344. The disclosure for this sale can be found here. Insiders have sold a total of 34,064 shares of company stock valued at $7,820,036 over the last quarter. Corporate insiders own 8.45% of the company’s stock.

FedEx Co. (NYSE FDX) opened at $250.02 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $67,040.00, a P/E ratio of 22.98, a PEG ratio of 1.52 and a beta of 1.36. FedEx Co. has a 52-week low of $182.89 and a 52-week high of $255.11.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.29. The firm had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $15.67 billion. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.80 EPS. sell-side analysts predict that FedEx Co. will post 12.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.80%. FedEx’s dividend payout ratio is currently 18.38%.

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FedEx 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 (NYSE:FDX)

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