From MarketBeat:

Sumitomo Mitsui Trust Holdings Inc. increased its holdings in FedEx Co. by 2.3% in the third quarter, now owning 595,122 shares worth $157.66 million. Large investors, including Bank Julius Baer & Co. Ltd Zurich and BlackRock Inc., have also made significant changes in their positions, buying millions of shares.

FedEx stock opened at $250.85 on Friday. The company has a market cap of $62.68 billion, a price-to-earnings ratio of 14.86, and a 1-year high of $285.53. It reported $3.99 earnings per share in its most recent quarterly earnings results.

FedEx recently announced a quarterly dividend of $1.26 per share, resulting in a $5.04 annualized dividend and a yield of 2.01%. The dividend payout ratio (DPR) is 29.86%. Corporate insiders, including EVP John W. Dietrich and Director Amy B. Lane, have made significant acquisitions of FedEx stock.

Several equities research analysts have given ratings to FedEx stock. Six analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one a strong buy rating, with an average target price of $289.93. The company currently has an average rating of “Moderate Buy.”

FedEx Corporation provides transportation, e-commerce, and business services in the US 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.



Read more: FedEx Co. (NYSE:FDX) Shares Acquired by Sumitomo Mitsui Trust Holdings Inc.