XTX Topco Ltd Has $252,000 Holdings in FedEx Corporation (NYSE:FDX)

XTX Topco Ltd lessened its stake in FedEx Corporation (NYSE:FDX) by 94.3% in the first quarter, Holdings Channel reports. The firm owned 1,034 shares of the shipping service provider’s stock after selling 17,104 shares during the quarter. XTX Topco Ltd’s holdings in FedEx were worth $252,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDX. Dodge & Cox raised its stake in FedEx by 5.6% in the fourth quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider’s stock valued at $3,907,568,000 after purchasing an additional 734,268 shares in the last quarter. ACR Alpine Capital Research LLC raised its stake in FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock valued at $386,399,000 after purchasing an additional 732,266 shares in the last quarter. GAMMA Investing LLC raised its stake in FedEx by 18,202.1% in the first quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider’s stock valued at $133,003,000 after purchasing an additional 542,605 shares in the last quarter. Capital Research Global Investors acquired a new position in FedEx in the fourth quarter valued at about $145,733,000. Finally, Worldquant Millennium Advisors LLC raised its stake in FedEx by 276.1% during the fourth quarter. Worldquant Millennium Advisors LLC now owns 433,789 shares of the shipping service provider’s stock worth $122,038,000 after acquiring an additional 318,448 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insiders Place Their Bets

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of the business’s stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the sale, the director directly owned 15,513 shares of the company’s stock, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director R Brad Martin sold 2,123 shares of the business’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the sale, the director directly owned 8,935 shares in the company, valued at $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,343 shares of company stock valued at $2,228,816. 8.87% of the stock is currently owned by corporate insiders.

FedEx Price Performance

Shares of FedEx stock opened at $224.62 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. The business’s 50 day simple moving average is $228.53 and its two-hundred day simple moving average is $232.83. The stock has a market capitalization of $52.99 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 1.19 and a beta of 1.30. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.86 billion. During the same period in the previous year, the firm earned $5.41 earnings per share. Analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be issued a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, September 8th. FedEx’s payout ratio is 34.36%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FDX shares. Raymond James Financial reissued an “outperform” rating and set a $260.00 target price (down previously from $275.00) on shares of FedEx in a research note on Wednesday, June 25th. TD Cowen lowered their target price on FedEx from $310.00 to $269.00 and set a “buy” rating for the company in a research note on Wednesday, June 25th. Bank of America lowered their target price on FedEx from $270.00 to $245.00 and set a “buy” rating for the company in a research note on Wednesday, June 25th. JPMorgan Chase & Co. boosted their target price on FedEx from $260.00 to $290.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 25th. Finally, Susquehanna boosted their target price on FedEx from $290.00 to $295.00 and gave the stock a “positive” rating in a research note on Wednesday, June 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $283.25.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.