FedEx Corporation (NYSE:FDX) Holdings Raised by Chapin Davis Inc.

Chapin Davis Inc. boosted its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 64.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,023 shares of the shipping service provider's stock after buying an additional 3,152 shares during the period. Chapin Davis Inc.'s holdings in FedEx were worth $1,956,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. lifted its holdings in shares of FedEx by 42.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 210,827 shares of the shipping service provider's stock valued at $51,395,000 after purchasing an additional 63,093 shares in the last quarter. Cassia Capital Partners LLC raised its holdings in FedEx by 61.0% in the 1st quarter. Cassia Capital Partners LLC now owns 3,626 shares of the shipping service provider's stock valued at $884,000 after acquiring an additional 1,374 shares during the period. Intact Investment Management Inc. increased its holdings in shares of FedEx by 350.0% during the first quarter. Intact Investment Management Inc. now owns 900 shares of the shipping service provider's stock worth $219,000 after purchasing an additional 700 shares during the period. Woodmont Investment Counsel LLC increased its stake in FedEx by 6.6% during the 1st quarter. Woodmont Investment Counsel LLC now owns 2,635 shares of the shipping service provider's stock worth $642,000 after acquiring an additional 163 shares during the period. Finally, PFG Investments LLC increased its stake in FedEx by 11.8% in the first quarter. PFG Investments LLC now owns 4,413 shares of the shipping service provider's stock valued at $1,076,000 after acquiring an additional 465 shares during the last quarter. Institutional investors own 84.47% of the company's stock.

Insider Buying and Selling

In other news, COO John Alan Smith sold 6,155 shares of the firm's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now owns 23,347 shares of the company's stock, valued at $5,686,161.85. This trade represents a 20.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.87% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FDX. Oppenheimer restated a "market perform" rating on shares of FedEx in a report on Friday, March 21st. Barclays lowered their price target on shares of FedEx from $350.00 to $330.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. decreased their price objective on shares of FedEx from $323.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company decreased their price target on shares of FedEx from $260.00 to $220.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Finally, Stephens reiterated an "overweight" rating and set a $300.00 price objective on shares of FedEx in a research report on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $292.54.

FedEx Stock Up 1.1%

FDX stock opened at $225.78 on Monday. FedEx Corporation has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. The business's 50-day moving average is $218.30 and its two-hundred day moving average is $244.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.24. The company has a market cap of $54.10 billion, a price-to-earnings ratio of 14.16, a P/E/G ratio of 1.08 and a beta of 1.35.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a return on equity of 16.00% and a net margin of 4.46%. The business had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same quarter last year, the company earned $3.86 EPS. FedEx's revenue for the quarter was up 1.9% on a year-over-year basis. As a group, analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Shareholders of record on Monday, June 23rd will be given a $1.45 dividend. The ex-dividend date is Monday, June 23rd. This is an increase from FedEx's previous quarterly dividend of $1.38. This represents a $5.80 annualized dividend and a yield of 2.57%. FedEx's dividend payout ratio (DPR) is presently 34.63%.

About FedEx

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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