Sawyer & Company Inc purchased a new position in shares of FedEx Co. (NYSE:FDX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,940 shares of the shipping service provider’s stock, valued at approximately $1,233,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of FedEx by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock worth $4,018,446,000 after acquiring an additional 492,840 shares during the period. FMR LLC raised its holdings in shares of FedEx by 0.3% during the 2nd quarter. FMR LLC now owns 4,530,154 shares of the shipping service provider’s stock worth $984,539,000 after acquiring an additional 15,382 shares during the period. Ameriprise Financial Inc. raised its holdings 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 worth $885,594,000 after acquiring an additional 266,660 shares during the period. Capital World Investors raised its holdings in shares of FedEx by 16.1% during the 2nd quarter. Capital World Investors now owns 3,614,899 shares of the shipping service provider’s stock worth $785,626,000 after acquiring an additional 501,617 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of FedEx by 3.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,612,357 shares of the shipping service provider’s stock worth $814,875,000 after purchasing an additional 116,500 shares during the last quarter. Institutional investors and hedge funds own 75.66% of the company’s stock.
Shares of FedEx Co. (NYSE:FDX) traded up $3.31 on Thursday, hitting $271.19. The stock had a trading volume of 1,650,000 shares, compared to its average volume of 1,960,000. The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. The stock has a market cap of $72,650.00, a PE ratio of 24.93, a PEG ratio of 1.60 and a beta of 1.36. FedEx Co. has a fifty-two week low of $182.89 and a fifty-two week high of $271.39.
FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.29. The business had revenue of $16.30 billion during the quarter, compared to analysts’ expectations of $15.67 billion. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.80 EPS. research analysts forecast that FedEx Co. will post 13.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, December 8th. FedEx’s payout ratio is presently 18.38%.
A number of analysts recently issued reports on FDX shares. Wells Fargo & Co raised their price objective on FedEx from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, September 21st. Citigroup raised their price objective on FedEx to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Credit Suisse Group reissued a “positive” rating and set a $283.00 price objective (up from $278.00) on shares of FedEx in a research report on Wednesday, December 20th. Stephens set a $306.00 price objective on FedEx and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Finally, Bank of America reissued a “buy” rating and set a $247.00 price objective (up from $240.00) on shares of FedEx in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. FedEx presently has an average rating of “Buy” and a consensus price target of $269.04.
In other news, COO David J. Bronczek sold 46,555 shares of FedEx stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $255.49, for a total value of $11,894,336.95. Following the completion of the transaction, the chief operating officer now owns 48,562 shares in the company, valued at approximately $12,407,105.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David P. Steiner sold 3,016 shares of FedEx stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $266.05, for a total value of $802,406.80. Following the completion of the transaction, the director now owns 16,040 shares of the company’s stock, valued at approximately $4,267,442. The disclosure for this sale can be found here. Insiders sold a total of 68,671 shares of company stock valued at $17,137,160 in the last quarter. Company insiders own 8.45% of the company’s stock.
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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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