Stephens Inc. AR raised its position in FedEx Co. (NYSE:FDX) by 28.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,481 shares of the shipping service provider’s stock after purchasing an additional 6,557 shares during the period. Stephens Inc. AR’s holdings in FedEx were worth $6,650,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in FDX. Donaldson Capital Management LLC grew its position in FedEx by 9.6% in the third quarter. Donaldson Capital Management LLC now owns 10,593 shares of the shipping service provider’s stock valued at $2,390,000 after acquiring an additional 930 shares in the last quarter. Check Capital Management Inc. CA boosted its stake in shares of FedEx by 88.6% during the 3rd quarter. Check Capital Management Inc. CA now owns 525,125 shares of the shipping service provider’s stock valued at $118,458,000 after buying an additional 246,752 shares during the last quarter. Buckingham Capital Management Inc. boosted its stake in shares of FedEx by 9.1% during the 3rd quarter. Buckingham Capital Management Inc. now owns 5,183 shares of the shipping service provider’s stock valued at $1,169,000 after buying an additional 433 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of FedEx by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,925,763 shares of the shipping service provider’s stock valued at $885,594,000 after buying an additional 266,660 shares during the last quarter. Finally, Palladium Partners LLC boosted its stake in shares of FedEx by 23.9% during the 3rd quarter. Palladium Partners LLC now owns 31,150 shares of the shipping service provider’s stock valued at $7,026,000 after buying an additional 6,010 shares during the last quarter. Institutional investors own 75.74% of the company’s stock.
Several equities analysts recently issued reports on the company. Cowen restated an “outperform” rating and set a $240.00 price objective on shares of FedEx in a research note on Friday, October 13th. Stifel Nicolaus restated a “neutral” rating on shares of FedEx in a research note on Wednesday, August 16th. Citigroup restated a “buy” rating and set a $235.00 price objective on shares of FedEx in a research note on Thursday, September 14th. Bank of America reiterated a “buy” rating and issued a $240.00 target price on shares of FedEx in a research note on Wednesday, September 20th. Finally, Vetr cut FedEx to a “sell” rating and set a $204.84 target price on the stock. in a research note on Thursday, August 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. FedEx has a consensus rating of “Buy” and an average price target of $231.81.
Shares of FedEx Co. (NYSE:FDX) opened at $239.30 on Friday. The stock has a market capitalization of $63,387.44, a PE ratio of 19.85, a PEG ratio of 1.49 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 1-year low of $182.89 and a 1-year high of $243.06.
FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). FedEx had a net margin of 4.72% and a return on equity of 20.69%. The company had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. During the same period in the previous year, the business posted $2.90 earnings per share. The firm’s revenue was up 4.1% on a year-over-year basis. sell-side analysts anticipate that FedEx Co. will post 12.47 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, December 8th. FedEx’s dividend payout ratio is currently 18.87%.
In other news, EVP Donald F. Colleran sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the sale, the executive vice president now directly owns 30,499 shares in the company, valued at $6,709,780. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kim Jabal sold 3,980 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total value of $897,689.00. Following the sale, the director now owns 6,080 shares in the company, valued at $1,371,344. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,094 shares of company stock worth $9,024,637. Company insiders own 8.45% of the company’s stock.
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FedEx Company Profile
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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