Kintayl Capital LP Invests $485,000 in FedEx Corporation $FDX

Kintayl Capital LP bought a new stake in FedEx Corporation (NYSE:FDX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,549 shares of the shipping service provider’s stock, valued at approximately $485,000.

Other hedge funds have also recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in FedEx in the first quarter valued at $25,000. Bayban purchased a new stake in shares of FedEx in the 1st quarter valued at about $26,000. Solstein Capital LLC purchased a new stake in shares of FedEx in the 2nd quarter valued at about $27,000. EFG International AG acquired a new stake in shares of FedEx in the 4th quarter valued at about $27,000. Finally, Wealth Watch Advisors INC acquired a new stake in shares of FedEx in the 3rd quarter valued at about $28,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Down 0.2%

FDX opened at $333.54 on Wednesday. FedEx Corporation has a 52 week low of $177.05 and a 52 week high of $345.36. The business has a 50 day moving average price of $318.91 and a two-hundred day moving average price of $351.31. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.74. The company has a market cap of $78.94 billion, a PE ratio of 18.02, a P/E/G ratio of 1.72 and a beta of 1.30.

FedEx (NYSE:FDX) last announced its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share for the quarter. The company had revenue of $23.26 billion for the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. As a group, research analysts anticipate that FedEx Corporation will post 17.6 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Monday, September 14th will be given a $1.22 dividend. The ex-dividend date is Monday, September 14th. This represents a $4.88 dividend on an annualized basis and a yield of 1.5%. FedEx’s dividend payout ratio (DPR) is presently 26.36%.

Insider Buying and Selling

In other news, Director Paul S. Walsh sold 5,042 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $324.56, for a total transaction of $1,636,431.52. Following the completion of the transaction, the director directly owned 16,359 shares of the company’s stock, valued at approximately $5,309,477.04. This represents a 23.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.65% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on FDX. BNP Paribas Exane cut their price target on FedEx from $335.00 to $269.76 and set a “neutral” rating on the stock in a research report on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft downgraded FedEx from a “buy” rating to a “hold” rating in a report on Wednesday, May 27th. Evercore set a $165.00 target price on shares of FedEx in a report on Friday, June 26th. BMO Capital Markets reiterated a “market perform” rating on shares of FedEx in a research report on Wednesday, June 24th. Finally, HSBC decreased their price target on shares of FedEx from $360.00 to $289.89 and set a “hold” rating for the company in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $350.54.

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.