Foundations Investment Advisors LLC purchased a new stake in FedEx Co. (NYSE:FDX – Get Rating) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,206 shares of the shipping service provider’s stock, valued at approximately $275,000.
Other institutional investors have also recently modified their holdings of the company. Advisor Resource Council acquired a new position in FedEx during the fourth quarter worth $230,000. O Shaughnessy Asset Management LLC raised its holdings in FedEx by 23.5% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,057 shares of the shipping service provider’s stock worth $1,049,000 after purchasing an additional 771 shares during the last quarter. Cibc World Markets Corp raised its holdings in FedEx by 25.7% during the fourth quarter. Cibc World Markets Corp now owns 17,424 shares of the shipping service provider’s stock worth $4,506,000 after purchasing an additional 3,559 shares during the last quarter. KRS Capital Management LLC acquired a new position in FedEx during the fourth quarter worth $247,000. Finally, Invesco Ltd. grew its holdings in shares of FedEx by 13.1% during the fourth quarter. Invesco Ltd. now owns 1,796,457 shares of the shipping service provider’s stock worth $464,636,000 after buying an additional 207,441 shares in the last quarter. 71.62% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at FedEx
In related news, Director Amy B. Lane acquired 607 shares of the stock in a transaction dated Thursday, June 30th. The stock was purchased at an average cost of $228.12 per share, with a total value of $138,468.84. Following the completion of the purchase, the director now directly owns 686 shares in the company, valued at approximately $156,490.32. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Amy B. Lane purchased 607 shares of the business’s stock in a transaction dated Thursday, June 30th. The stock was purchased at an average cost of $228.12 per share, with a total value of $138,468.84. Following the completion of the acquisition, the director now directly owns 686 shares of the company’s stock, valued at $156,490.32. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vincenzo J. Vena purchased 900 shares of the business’s stock in a transaction dated Wednesday, July 6th. The stock was bought at an average cost of $230.04 per share, with a total value of $207,036.00. Following the completion of the acquisition, the director now directly owns 1,325 shares of the company’s stock, valued at $304,803. The disclosure for this purchase can be found here. Insiders sold a total of 48,810 shares of company stock valued at $11,199,898 over the last ninety days. 8.62% of the stock is currently owned by insiders.
Analysts Set New Price Targets
FedEx Price Performance
FedEx stock opened at $161.02 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.38 and a current ratio of 1.43. FedEx Co. has a 52 week low of $155.00 and a 52 week high of $266.79. The stock has a market capitalization of $41.85 billion, a P/E ratio of 11.26, a price-to-earnings-growth ratio of 0.58 and a beta of 1.21. The stock has a fifty day moving average of $221.14 and a 200-day moving average of $218.01.
FedEx (NYSE:FDX – Get Rating) last released its quarterly earnings results on Thursday, June 23rd. The shipping service provider reported $6.87 EPS for the quarter, missing analysts’ consensus estimates of $6.91 by ($0.04). FedEx had a net margin of 4.09% and a return on equity of 22.29%. The company had revenue of $24.39 billion during the quarter, compared to the consensus estimate of $24.28 billion. During the same quarter last year, the firm posted $5.01 EPS. On average, sell-side analysts expect that FedEx Co. will post 23 earnings per share for the current fiscal year.
FedEx Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Friday, September 2nd will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Thursday, September 1st. FedEx’s dividend payout ratio (DPR) is presently 32.17%.
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions.
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