IFM Investors Pty Ltd Raises Holdings in FedEx Corporation (NYSE:FDX)

IFM Investors Pty Ltd boosted its position in FedEx Corporation (NYSE:FDX - Free Report) by 15.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,175 shares of the shipping service provider's stock after acquiring an additional 6,018 shares during the quarter. IFM Investors Pty Ltd's holdings in FedEx were worth $11,257,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FDX. Regal Investment Advisors LLC raised its stake in shares of FedEx by 2.4% during the fourth quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider's stock worth $451,000 after buying an additional 38 shares during the last quarter. Aviso Financial Inc. lifted its holdings in shares of FedEx by 1.2% in the fourth quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock valued at $957,000 after purchasing an additional 40 shares in the last quarter. Garner Asset Management Corp raised its holdings 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 purchasing an additional 41 shares during the last quarter. Curi RMB Capital LLC increased its position 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. Finally, Aaron Wealth Advisors LLC lifted its stake in 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. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Price Performance

FedEx stock traded up $1.74 during mid-day trading on Friday, hitting $240.88. 2,410,389 shares of the company traded hands, compared to its average volume of 1,849,855. The stock has a market cap of $57.71 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 1.26 and a beta of 1.35. The stock has a fifty day moving average price of $222.83 and a 200-day moving average price of $241.40. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. FedEx Corporation has a one year low of $194.30 and a one 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 (EPS) for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. The firm had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%. During the same period last year, the firm earned $5.41 earnings per share. On average, equities analysts predict 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 will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd will be given a $1.45 dividend. This is a positive change from FedEx's previous quarterly dividend of $1.38. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Monday, June 23rd. FedEx's dividend payout ratio (DPR) is currently 34.36%.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of recent analyst reports. Sanford C. Bernstein cut their target price on FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a research report on Friday, June 13th. Cfra Research raised shares of FedEx to a "hold" rating in a research note on Thursday, March 20th. Bank of America reduced their price objective on shares of FedEx from $270.00 to $245.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Citigroup dropped their price target on FedEx from $267.00 to $259.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Finally, Jefferies Financial Group raised FedEx from a "hold" rating to a "buy" rating and reduced their price objective for the company from $300.00 to $275.00 in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, ten have given 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $282.46.

FedEx 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.