Selz Capital LLC bought a new position in shares of FedEx Co. (NYSE:FDX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 63,000 shares of the shipping service provider’s stock, valued at approximately $9,526,000. FedEx accounts for about 1.7% of Selz Capital LLC’s investment portfolio, making the stock its 21st largest position.
Other hedge funds have also modified their holdings of the company. Greylin Investment Mangement Inc. increased its stake in shares of FedEx by 25.7% in the 2nd quarter. Greylin Investment Mangement Inc. now owns 10,717 shares of the shipping service provider’s stock valued at $1,760,000 after acquiring an additional 2,194 shares in the last quarter. Capital Investment Counsel Inc grew its holdings in FedEx by 39.1% in the third quarter. Capital Investment Counsel Inc now owns 36,872 shares of the shipping service provider’s stock worth $5,367,000 after purchasing an additional 10,361 shares during the period. Thomas Story & Son LLC increased its stake in FedEx by 4.7% in the third quarter. Thomas Story & Son LLC now owns 16,685 shares of the shipping service provider’s stock valued at $2,429,000 after purchasing an additional 750 shares in the last quarter. Man Group plc increased its stake in FedEx by 36.2% in the third quarter. Man Group plc now owns 12,617 shares of the shipping service provider’s stock valued at $1,836,000 after purchasing an additional 3,352 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of FedEx by 5.0% during the third quarter. National Pension Service now owns 292,720 shares of the shipping service provider’s stock valued at $42,611,000 after purchasing an additional 13,889 shares during the period. Institutional investors and hedge funds own 70.48% of the company’s stock.
A number of research firms have recently issued reports on FDX. ValuEngine cut shares of FedEx from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. DZ Bank reaffirmed a “sell” rating on shares of FedEx in a research note on Wednesday, September 18th. Raymond James reiterated an “outperform” rating and issued a $167.00 price target (down previously from $175.00) on shares of FedEx in a report on Wednesday, December 18th. Robert W. Baird cut their price target on FedEx from $180.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, September 18th. Finally, Standpoint Research raised FedEx from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $169.88.
NYSE FDX traded up $0.16 on Thursday, reaching $159.31. The company had a trading volume of 122,693 shares, compared to its average volume of 3,670,786. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 1.67. The company’s fifty day moving average is $155.90 and its 200 day moving average is $157.63. FedEx Co. has a 52-week low of $137.78 and a 52-week high of $199.32. The stock has a market capitalization of $42.34 billion, a P/E ratio of 10.27, a P/E/G ratio of 1.25 and a beta of 1.68.
FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, December 17th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.78 by ($0.27). The firm had revenue of $17.32 billion for the quarter, compared to analysts’ expectations of $17.69 billion. FedEx had a return on equity of 19.10% and a net margin of 0.11%. FedEx’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.03 earnings per share. On average, research analysts expect that FedEx Co. will post 10.84 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 9th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Friday, December 6th. FedEx’s payout ratio is 16.75%.
In other FedEx news, Director John A. Edwardson purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average cost of $148.22 per share, with a total value of $1,482,200.00. Following the completion of the transaction, the director now owns 77,966 shares of the company’s stock, valued at approximately $11,556,120.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Edwardson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average cost of $151.75 per share, with a total value of $758,750.00. Following the completion of the transaction, the director now directly owns 62,966 shares of the company’s stock, valued at approximately $9,555,090.50. The disclosure for this purchase can be found here. Company insiders own 8.44% of the company’s stock.
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
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