Colonial River Investments LLC Makes New $306,000 Investment in FedEx Corporation (NYSE:FDX)

Colonial River Investments LLC purchased a new stake in shares of FedEx Corporation (NYSE:FDX - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,257 shares of the shipping service provider's stock, valued at approximately $306,000.

Several other large investors have also recently made changes to their positions in FDX. Transce3nd LLC purchased a new position in FedEx in the 4th quarter worth $26,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of FedEx during the fourth quarter valued at about $28,000. Runnymede Capital Advisors Inc. purchased a new position in shares of FedEx in the fourth quarter worth about $32,000. Accredited Wealth Management LLC bought a new stake in shares of FedEx in the 4th quarter valued at about $35,000. Finally, Optiver Holding B.V. purchased a new stake in FedEx during the 4th quarter valued at about $39,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Up 3.8%

NYSE:FDX opened at $229.37 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.19. The firm's 50-day moving average price is $220.19 and its 200-day moving average price is $242.69. The company has a market capitalization of $54.96 billion, a PE ratio of 13.59, a P/E/G ratio of 1.22 and a beta of 1.35. FedEx Corporation has a 1-year low of $194.30 and a 1-year high of $313.84.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping analysts' consensus estimates of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The business had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.86 billion. During the same quarter in the prior year, the company earned $5.41 earnings per share. On average, equities analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 23rd will be paid a dividend of $1.45 per share. This is a boost from FedEx's previous quarterly dividend of $1.38. The ex-dividend date is Monday, June 23rd. This represents a $5.80 dividend on an annualized basis and a yield of 2.53%. FedEx's payout ratio is presently 36.39%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Loop Capital cut FedEx from a "hold" rating to a "sell" rating and decreased their price target for the stock from $283.00 to $221.00 in a research note on Friday, March 21st. Bank of America decreased their target price on shares of FedEx from $270.00 to $245.00 and set a "buy" rating on the stock in a research note on Wednesday. Stifel Nicolaus set a $315.00 price target on shares of FedEx in a research report on Wednesday. Cowen reissued a "buy" rating on shares of FedEx in a report on Wednesday. Finally, Susquehanna upped their price objective on shares of FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $283.00.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.

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