FedEx Corporation $FDX Stock: Robeco Institutional Asset Management B.V. Cuts Stake

Robeco Institutional Asset Management B.V. lessened its holdings in FedEx Corporation (NYSE:FDX) by 43.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 212,665 shares of the shipping service provider’s stock after selling 163,240 shares during the period. Robeco Institutional Asset Management B.V. owned 0.09% of FedEx worth $60,629,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp lifted its position in shares of FedEx by 104.9% in the first quarter. OMERS ADMINISTRATION Corp now owns 17,319 shares of the shipping service provider’s stock worth $6,169,000 after buying an additional 8,868 shares during the last quarter. First Nebraska Trust Co bought a new stake in shares of FedEx during the 1st quarter worth about $10,675,000. NewEdge Advisors LLC increased its holdings in shares of FedEx by 74.1% during the 2nd quarter. NewEdge Advisors LLC now owns 34,354 shares of the shipping service provider’s stock valued at $10,757,000 after acquiring an additional 14,624 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of FedEx during the 1st quarter valued at about $3,918,000. Finally, Archer Investment Corp bought a new position in shares of FedEx in the 2nd quarter valued at approximately $1,147,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Performance

NYSE FDX opened at $303.77 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44. The firm has a market capitalization of $71.89 billion, a price-to-earnings ratio of 16.41, a P/E/G ratio of 1.53 and a beta of 1.28. The company’s fifty day moving average is $307.07 and its two-hundred day moving average is $332.39. FedEx Corporation has a 52-week low of $187.62 and a 52-week high of $345.36.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. The business had revenue of $23.26 billion during the quarter. Equities research analysts forecast that FedEx Corporation will post 18.27 EPS for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 14th were paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, September 14th. FedEx’s payout ratio is currently 26.36%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on FDX shares. JPMorgan Chase & Co. reduced their target price on FedEx from $400.00 to $399.00 and set an “overweight” rating for the company in a report on Monday, October 5th. Citigroup reaffirmed a “cautious” rating on shares of FedEx in a research report on Wednesday, October 7th. Raymond James Financial reiterated an “outperform” rating on shares of FedEx in a report on Thursday, October 15th. Citizens Jmp initiated coverage on shares of FedEx in a research report on Wednesday, July 15th. They issued a “market outperform” rating and a $375.00 price target on the stock. Finally, Stephens upgraded shares of FedEx to a “strong-buy” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $354.64.

About FedEx

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.