Korea Investment CORP lifted its position in shares of FedEx Co. (NYSE:FDX) by 16.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 187,476 shares of the shipping service provider’s stock after buying an additional 27,100 shares during the period. Korea Investment CORP owned 0.07% of FedEx worth $42,291,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of FDX. FNY Managed Accounts LLC acquired a new stake in shares of FedEx in the first quarter worth $100,000. Salem Investment Counselors Inc. increased its position in shares of FedEx by 2.8% in the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after acquiring an additional 13 shares in the last quarter. Cribstone Capital Management LLC increased its position in shares of FedEx by 1.2% in the second quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock worth $107,000 after acquiring an additional 6 shares in the last quarter. Krilogy Financial LLC grew its holdings in FedEx by 0.4% during the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after purchasing an additional 2 shares in the last quarter. Finally, Alexandria Capital LLC grew its holdings in FedEx by 2.5% during the 2nd quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after purchasing an additional 13 shares in the last quarter. 75.74% of the stock is currently owned by institutional investors.
FedEx Co. (NYSE:FDX) traded up $2.91 during trading on Thursday, reaching $239.30. 1,232,244 shares of the company’s stock traded hands, compared to its average volume of 1,475,491. The firm has a market cap of $64,150.00, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.48 and a beta of 1.36. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.57 and a current ratio of 1.63. FedEx Co. has a 52-week low of $182.89 and a 52-week high of $243.06.
FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.66). The business had revenue of $15.30 billion during the quarter, compared to analyst estimates of $15.35 billion. FedEx had a return on equity of 20.69% and a net margin of 4.72%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.90 EPS. equities research analysts anticipate that FedEx Co. will post 12.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, December 8th. FedEx’s dividend payout ratio (DPR) is currently 18.83%.
A number of equities research analysts recently weighed in on the stock. Barclays reaffirmed an “overweight” rating and set a $270.00 price target (up from $230.00) on shares of FedEx in a report on Thursday, November 30th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of FedEx from a “hold” rating to a “sell” rating in a research note on Monday, November 27th. Sanford C. Bernstein set a $212.00 price objective on shares of FedEx and gave the company a “hold” rating in a research note on Wednesday, November 15th. Goldman Sachs Group initiated coverage on shares of FedEx in a research note on Monday, November 13th. They set a “buy” rating and a $270.00 price objective on the stock. Finally, Oppenheimer reiterated a “buy” rating and set a $236.00 price objective on shares of FedEx in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $231.81.
In related news, insider Henry J. Maier sold 11,150 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the completion of the sale, the insider now directly owns 36,747 shares in the company, valued at $8,395,219.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kim Jabal sold 3,980 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total transaction of $897,689.00. Following the sale, the director now owns 6,080 shares of the company’s stock, valued at $1,371,344. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,094 shares of company stock worth $9,024,637. 8.45% of the stock is currently owned by insiders.
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FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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