FedEx Corporation (FDX) Holdings Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in shares of FedEx Corporation (NYSE:FDX) by 21.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,577 shares of the shipping service provider’s stock after purchasing an additional 1,665 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in FedEx Corporation were worth $2,159,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in shares of FedEx Corporation by 1,912.1% in the 1st quarter. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider’s stock worth $2,892,768,000 after buying an additional 14,086,601 shares during the period. Harbour Capital Advisors LLC raised its position in shares of FedEx Corporation by 21,011.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,424,815 shares of the shipping service provider’s stock worth $6,556,000 after buying an additional 1,418,066 shares during the period. Davis Selected Advisers raised its position in shares of FedEx Corporation by 265.4% in the 2nd quarter. Davis Selected Advisers now owns 1,684,618 shares of the shipping service provider’s stock worth $366,118,000 after buying an additional 1,223,646 shares during the period. Vanguard Group Inc. raised its position in shares of FedEx Corporation by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 17,997,225 shares of the shipping service provider’s stock worth $3,512,158,000 after buying an additional 918,896 shares during the period. Finally, Janus Henderson Group PLC raised its position in shares of FedEx Corporation by 381.6% in the 2nd quarter. Janus Henderson Group PLC now owns 883,117 shares of the shipping service provider’s stock worth $191,934,000 after buying an additional 699,728 shares during the period. 76.22% of the stock is currently owned by institutional investors.

In other FedEx Corporation news, insider Henry J. Maier sold 11,150 shares of FedEx Corporation stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $228.46, for a total value of $2,547,329.00. Following the completion of the transaction, the insider now directly owns 36,747 shares in the company, valued at $8,395,219.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kim Jabal sold 3,980 shares of FedEx Corporation stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total value of $897,689.00. Following the completion of the transaction, 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 sold 40,094 shares of company stock valued at $9,024,637 over the last quarter. Insiders own 8.45% of the company’s stock.

FedEx Corporation (FDX) opened at $216.00 on Friday. The company has a market capitalization of $58,430.00, a PE ratio of 18.47, a P/E/G ratio of 1.38 and a beta of 1.37. FedEx Corporation has a 52 week low of $182.89 and a 52 week high of $231.35. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.91.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). The firm had revenue of $15.30 billion during the quarter, compared to analyst estimates of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted $2.90 earnings per share. analysts anticipate that FedEx Corporation will post 12.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.93%. FedEx Corporation’s dividend payout ratio (DPR) is 18.83%.

FDX has been the topic of several research reports. Vetr lowered FedEx Corporation to a “sell” rating and set a $204.84 target price on the stock. in a research report on Thursday, August 31st. BMO Capital Markets reaffirmed a “buy” rating and issued a $245.00 target price on shares of FedEx Corporation in a research report on Wednesday, September 6th. Zacks Investment Research lowered FedEx Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. BidaskClub lowered FedEx Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $247.00 target price (up from $240.00) on shares of FedEx Corporation in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have issued a buy rating to the stock. FedEx Corporation presently has a consensus rating of “Buy” and a consensus target price of $230.21.

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FedEx Corporation Company 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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