Cetera Advisor Networks LLC increased its holdings in shares of FedEx Co. (NYSE:FDX) by 8.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,168 shares of the shipping service provider’s stock after purchasing an additional 391 shares during the quarter. Cetera Advisor Networks LLC’s holdings in FedEx were worth $1,284,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in FedEx by 2.7% during the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock worth $4,018,446,000 after purchasing an additional 492,840 shares during the last quarter. FMR LLC boosted its holdings in FedEx by 0.3% during the second quarter. FMR LLC now owns 4,530,154 shares of the shipping service provider’s stock worth $984,539,000 after purchasing an additional 15,382 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in FedEx by 7.3% during the third quarter. Ameriprise Financial Inc. now owns 3,925,763 shares of the shipping service provider’s stock worth $885,594,000 after purchasing an additional 266,660 shares during the last quarter. Jennison Associates LLC boosted its holdings in FedEx by 47.4% during the fourth quarter. Jennison Associates LLC now owns 3,687,689 shares of the shipping service provider’s stock worth $920,226,000 after purchasing an additional 1,185,447 shares during the last quarter. Finally, Capital World Investors raised its position in FedEx by 16.1% during the second 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 in the last quarter. Institutional investors and hedge funds own 75.94% of the company’s stock.
In related news, COO David J. Bronczek sold 46,555 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the transaction, the chief operating officer now directly owns 48,562 shares of the company’s stock, valued at $12,407,105.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David P. Steiner sold 3,016 shares of the firm’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 transaction, the director now directly owns 16,040 shares in the company, valued at $4,267,442. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 53,541 shares of company stock worth $13,692,142. 8.45% of the stock is owned by insiders.
Several analysts have issued reports on FDX shares. Oppenheimer reaffirmed a “buy” rating and set a $236.00 price target on shares of FedEx in a research report on Friday, October 20th. Zacks Investment Research raised shares of FedEx from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Goldman Sachs Group started coverage on shares of FedEx in a research report on Monday, November 13th. They set a “buy” rating and a $270.00 price target on the stock. Sanford C. Bernstein set a $212.00 price target on shares of FedEx and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Finally, Barclays reaffirmed an “overweight” rating and set a $270.00 price target (up from $230.00) on shares of FedEx in a research report on Thursday, November 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $272.69.
FedEx Co. (NYSE FDX) opened at $244.19 on Friday. The firm has a market cap of $65,420.00, a PE ratio of 22.44, a PEG ratio of 1.40 and a beta of 1.30. FedEx Co. has a 1 year low of $182.89 and a 1 year high of $274.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50.
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 the Thomson Reuters’ consensus estimate of $2.89 by $0.29. The company had revenue of $16.30 billion for the quarter, compared to analyst estimates of $15.67 billion. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.80 earnings per share. sell-side analysts predict that FedEx Co. will post 13.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, April 2nd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. FedEx’s dividend payout ratio is 18.38%.
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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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