Natixis Buys 25,093 Shares of FedEx Co. (NYSE:FDX)

Natixis boosted its holdings in FedEx Co. (NYSE:FDX) by 15.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,458 shares of the shipping service provider’s stock after buying an additional 25,093 shares during the quarter. Natixis owned approximately 0.07% of FedEx worth $54,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Lazard Asset Management LLC increased its position in FedEx by 980.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,270,674 shares of the shipping service provider’s stock valued at $360,921,000 after purchasing an additional 1,153,097 shares during the period. FMR LLC increased its position in FedEx by 24.4% during the 2nd quarter. FMR LLC now owns 4,561,732 shares of the shipping service provider’s stock valued at $1,360,901,000 after purchasing an additional 895,454 shares during the period. Citigroup Inc. increased its position in FedEx by 10,682.3% during the 1st quarter. Citigroup Inc. now owns 394,404 shares of the shipping service provider’s stock valued at $112,026,000 after purchasing an additional 398,131 shares during the period. Lord Abbett & CO. LLC increased its position in FedEx by 100.1% during the 2nd quarter. Lord Abbett & CO. LLC now owns 766,348 shares of the shipping service provider’s stock valued at $228,625,000 after purchasing an additional 383,348 shares during the period. Finally, AQR Capital Management LLC increased its position in FedEx by 58.7% during the 1st quarter. AQR Capital Management LLC now owns 904,172 shares of the shipping service provider’s stock valued at $256,821,000 after purchasing an additional 334,501 shares during the period. Institutional investors and hedge funds own 72.64% of the company’s stock.

FDX has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their target price on shares of FedEx from $315.00 to $300.00 and set a “market perform” rating for the company in a research report on Wednesday, September 22nd. Zacks Investment Research raised shares of FedEx from a “sell” rating to a “hold” rating and set a $237.00 price objective for the company in a research report on Thursday, October 7th. Stephens reduced their price objective on shares of FedEx from $360.00 to $330.00 and set an “overweight” rating for the company in a research report on Wednesday, September 22nd. Berenberg Bank set a $330.00 price objective on shares of FedEx in a research report on Wednesday, September 29th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of FedEx from $346.00 to $329.00 and set an “overweight” rating for the company in a research report on Wednesday, September 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, FedEx has an average rating of “Buy” and an average target price of $315.13.

Shares of NYSE:FDX opened at $227.15 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.47 and a debt-to-equity ratio of 0.85. The stock’s fifty day simple moving average is $252.69 and its two-hundred day simple moving average is $280.28. FedEx Co. has a 1-year low of $216.34 and a 1-year high of $319.90. The stock has a market cap of $60.34 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 0.95 and a beta of 1.28.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Monday, September 20th. The shipping service provider reported $4.37 earnings per share for the quarter, missing the consensus estimate of $4.92 by ($0.55). The company had revenue of $22 billion for the quarter, compared to the consensus estimate of $21.86 billion. FedEx had a net margin of 5.88% and a return on equity of 20.93%. FedEx’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $4.87 earnings per share. On average, sell-side analysts forecast that FedEx Co. will post 19.5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 1st. Stockholders of record on Friday, September 3rd were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Thursday, September 2nd. FedEx’s payout ratio is 16.51%.

About FedEx

FedEx Corp. is a holding company, which engages in the provision of a portfolio of transportation, e-commerce, and business services. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other & Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight.

Featured Article: Risk Tolerance and Your Investment Decisions

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDX).

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.