BKD Wealth Advisors LLC acquired a new position in FedEx Co. (NYSE:FDX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,278 shares of the shipping service provider’s stock, valued at approximately $319,000.
Other institutional investors have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. boosted its holdings in shares of FedEx by 2.8% during the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after acquiring an additional 13 shares during the period. Krilogy Financial LLC boosted its holdings in shares of FedEx by 0.4% during the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after acquiring an additional 2 shares during the period. Financial Engines Advisors L.L.C. acquired a new position in shares of FedEx during the third quarter valued at $132,000. Massey Quick Simon & CO. LLC acquired a new position in shares of FedEx during the third quarter valued at $136,000. Finally, Carroll Financial Associates Inc. boosted its holdings in shares of FedEx by 61.1% during the third quarter. Carroll Financial Associates Inc. now owns 633 shares of the shipping service provider’s stock valued at $140,000 after acquiring an additional 240 shares during the period. 75.69% of the stock is owned by hedge funds and other institutional investors.
Shares of FedEx Co. (NYSE:FDX) opened at $274.32 on Friday. FedEx Co. has a one year low of $182.89 and a one year high of $274.66. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89. The firm has a market cap of $73,490.00, a PE ratio of 25.21, a P/E/G ratio of 1.62 and a beta of 1.36.
FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.29. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The business had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $15.67 billion. During the same period in the previous year, the business earned $2.80 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. research analysts predict that FedEx Co. will post 13.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 11th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend was Friday, December 8th. FedEx’s dividend payout ratio is currently 18.38%.
In other FedEx news, COO David J. Bronczek sold 46,555 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total value of $11,894,336.95. Following the sale, the chief operating officer now directly owns 48,562 shares in the company, valued at $12,407,105.38. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David P. Steiner sold 3,016 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $266.05, for a total transaction of $802,406.80. Following the completion of the sale, the director now owns 16,040 shares in the company, valued at $4,267,442. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 68,671 shares of company stock worth $17,137,160. Company insiders own 8.45% of the company’s stock.
FDX has been the subject of several analyst reports. Loop Capital boosted their price target on shares of FedEx to $318.00 in a report on Thursday, January 4th. Oppenheimer reissued a “buy” rating and set a $236.00 price target on shares of FedEx in a report on Friday, October 20th. Bank of America reissued a “buy” rating and set a $247.00 price target (up previously from $240.00) on shares of FedEx in a report on Friday, October 6th. Goldman Sachs Group initiated coverage on shares of FedEx in a report on Monday, November 13th. They set a “buy” rating and a $270.00 price target for the company. Finally, Citigroup boosted their price target on shares of FedEx to $275.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. FedEx currently has an average rating of “Buy” and an average target price of $270.49.
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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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