Commerzbank Aktiengesellschaft FI Purchases 17,491 Shares of FedEx Corporation (NYSE:FDX)

Commerzbank Aktiengesellschaft FI grew its position in FedEx Corporation (NYSE:FDX - Free Report) by 132.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,706 shares of the shipping service provider's stock after acquiring an additional 17,491 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in FedEx were worth $7,486,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Regal Investment Advisors LLC raised its stake in shares of FedEx by 2.4% in the fourth quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider's stock valued at $451,000 after acquiring an additional 38 shares during the last quarter. Garner Asset Management Corp raised its stake in shares of FedEx by 0.7% in the fourth quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider's stock valued at $1,659,000 after acquiring an additional 41 shares during the last quarter. Curi RMB Capital LLC raised its stake in shares of FedEx by 1.3% in the fourth quarter. Curi RMB Capital LLC now owns 3,615 shares of the shipping service provider's stock valued at $1,017,000 after acquiring an additional 47 shares during the last quarter. Aaron Wealth Advisors LLC raised its stake in shares of FedEx by 2.6% in the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider's stock valued at $457,000 after acquiring an additional 48 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of FedEx by 1.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,664 shares of the shipping service provider's stock valued at $749,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 84.47% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FDX shares. Wells Fargo & Company raised their price target on shares of FedEx from $220.00 to $235.00 and gave the company an "equal weight" rating in a report on Wednesday, June 25th. Raymond James Financial reissued an "outperform" rating and issued a $260.00 price target (down previously from $275.00) on shares of FedEx in a report on Wednesday, June 25th. Truist Financial reissued a "buy" rating and issued a $275.00 price target on shares of FedEx in a report on Wednesday, June 25th. Wall Street Zen lowered shares of FedEx from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Barclays reissued an "overweight" rating and issued a $320.00 price target (down previously from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and a consensus price target of $283.25.

FedEx Stock Performance

FDX stock traded down $1.73 during mid-day trading on Friday, hitting $226.64. The company had a trading volume of 1,776,796 shares, compared to its average volume of 1,853,537. The firm has a market cap of $54.30 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 1.20 and a beta of 1.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. The stock's fifty day moving average price is $226.46 and its two-hundred day moving average price is $238.85. FedEx Corporation has a 12 month low of $194.30 and a 12 month high of $313.16.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping the consensus estimate of $5.98 by $0.09. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. FedEx had a net margin of 4.65% and a return on equity of 16.34%. During the same quarter last year, the company earned $5.41 earnings per share. On average, analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 8th. Investors of record on Monday, June 23rd were paid a dividend of $1.45 per share. This is a positive change from FedEx's previous quarterly dividend of $1.38. The ex-dividend date was Monday, June 23rd. This represents a $5.80 annualized dividend and a yield of 2.56%. FedEx's dividend payout ratio (DPR) is currently 34.36%.

Insider Activity at FedEx

In other news, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the sale, the director directly owned 8,935 shares in the company, valued at approximately $2,160,036.25. The trade was a 19.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the sale, the director owned 7,720 shares of the company's stock, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,343 shares of company stock valued at $2,228,816. Company insiders own 8.87% of the company's stock.

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.