Cornerstone Capital Management Holdings LLC. grew its holdings in shares of FedEx (NYSE:FDX) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,519 shares of the shipping service provider’s stock after acquiring an additional 1,710 shares during the quarter. Cornerstone Capital Management Holdings LLC.’s holdings in FedEx were worth $20,590,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in FDX. Cerebellum GP LLC bought a new position in shares of FedEx during the 4th quarter worth approximately $125,000. Financial Engines Advisors L.L.C. bought a new position in shares of FedEx during the 3rd quarter worth approximately $132,000. Massey Quick Simon & CO. LLC bought a new position in shares of FedEx during the 3rd quarter worth approximately $136,000. Carroll Financial Associates Inc. boosted its holdings in shares of FedEx by 61.1% during the 3rd quarter. Carroll Financial Associates Inc. now owns 633 shares of the shipping service provider’s stock worth $140,000 after buying an additional 240 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in shares of FedEx during the 4th quarter worth approximately $144,000. 74.68% of the stock is owned by institutional investors.
Shares of FDX opened at $234.29 on Friday. The stock has a market cap of $63,961.32, a PE ratio of 19.05, a price-to-earnings-growth ratio of 1.24 and a beta of 1.38. The company has a quick ratio of 1.37, a current ratio of 1.43 and a debt-to-equity ratio of 0.85. FedEx has a 12-month low of $182.89 and a 12-month high of $274.66.
FedEx (NYSE:FDX) last released its earnings results on Tuesday, March 20th. The shipping service provider reported $3.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.61. The company had revenue of $16.53 billion during the quarter, compared to the consensus estimate of $16.17 billion. FedEx had a return on equity of 21.65% and a net margin of 6.99%. FedEx’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.35 EPS. equities analysts forecast that FedEx will post 15.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 12th were paid a $0.50 dividend. The ex-dividend date was Friday, March 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.85%. FedEx’s dividend payout ratio (DPR) is currently 16.26%.
FDX has been the topic of a number of recent research reports. Credit Suisse Group reiterated a “positive” rating and issued a $283.00 target price (up from $278.00) on shares of FedEx in a report on Wednesday, December 20th. Citigroup increased their target price on FedEx to $275.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Stephens set a $306.00 price target on FedEx and gave the company a “buy” rating in a research report on Wednesday, December 20th. Robert W. Baird reissued a “buy” rating and issued a $270.00 price target on shares of FedEx in a research report on Monday, February 12th. Finally, Stifel Nicolaus increased their price target on FedEx from $221.00 to $272.00 and gave the company a “hold” rating in a research report on Wednesday, December 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $281.51.
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FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.
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