Garnet Equity Capital Holdings Inc. lifted its stake in shares of FedEx Co. (NYSE:FDX) by 25.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,000 shares of the shipping service provider’s stock after purchasing an additional 6,000 shares during the quarter. FedEx accounts for 5.3% of Garnet Equity Capital Holdings Inc.’s holdings, making the stock its 4th biggest holding. Garnet Equity Capital Holdings Inc.’s holdings in FedEx were worth $7,224,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. boosted its stake in FedEx by 188.1% in the first quarter. Achmea Investment Management B.V. now owns 3,503 shares of the shipping service provider’s stock valued at $839,000 after buying an additional 2,287 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in FedEx by 18.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,195 shares of the shipping service provider’s stock valued at $10,776,000 after buying an additional 7,114 shares in the last quarter. LPL Financial LLC boosted its stake in FedEx by 30.3% in the first quarter. LPL Financial LLC now owns 104,506 shares of the shipping service provider’s stock valued at $25,093,000 after buying an additional 24,277 shares in the last quarter. Mariner LLC boosted its stake in FedEx by 4.8% in the first quarter. Mariner LLC now owns 7,126 shares of the shipping service provider’s stock valued at $1,711,000 after buying an additional 328 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in FedEx by 139.4% in the first quarter. Cubist Systematic Strategies LLC now owns 9,532 shares of the shipping service provider’s stock valued at $2,289,000 after buying an additional 5,551 shares in the last quarter. 72.77% of the stock is currently owned by institutional investors.

In other news, Director John A. Edwardson sold 1,160 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $242.35, for a total transaction of $281,126.00. Following the completion of the transaction, the director now directly owns 32,800 shares in the company, valued at $7,949,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is currently owned by company insiders.

FedEx stock opened at $221.00 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.32 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $63.45 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.09 and a beta of 1.44. FedEx Co. has a 12 month low of $214.17 and a 12 month high of $274.66.

FedEx (NYSE:FDX) last posted its earnings results on Monday, September 17th. The shipping service provider reported $3.46 EPS for the quarter, missing the consensus estimate of $3.78 by ($0.32). The firm had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.88 billion. FedEx had a net margin of 7.16% and a return on equity of 23.71%. FedEx’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.65 earnings per share. On average, research analysts anticipate that FedEx Co. will post 17.36 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Monday, September 10th were given a $0.65 dividend. The ex-dividend date of this dividend was Friday, September 7th. This represents a $2.60 annualized dividend and a yield of 1.18%. FedEx’s dividend payout ratio is presently 16.98%.

Several analysts recently weighed in on FDX shares. Zacks Investment Research raised FedEx from a “sell” rating to a “hold” rating in a research note on Friday, September 7th. Credit Suisse Group set a $307.00 price objective on FedEx and gave the company a “buy” rating in a research note on Tuesday, September 18th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $305.00 price objective on shares of FedEx in a research note on Tuesday, September 18th. Loop Capital raised their price objective on FedEx to $318.00 and gave the company a “buy” rating in a research note on Tuesday, September 18th. Finally, UBS Group lowered FedEx from a “buy” rating to a “neutral” rating and set a $256.00 price objective on the stock. in a research note on Monday, July 16th. Three analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $285.27.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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