Jones Financial Companies Lllp raised its position in FedEx Co. (NYSE:FDX) by 0.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,499 shares of the shipping service provider’s stock after purchasing an additional 175 shares during the quarter. Jones Financial Companies Lllp’s holdings in FedEx were worth $4,351,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Comerica Securities Inc. increased its position in shares of FedEx by 369.7% during the 4th quarter. Comerica Securities Inc. now owns 43,263 shares of the shipping service provider’s stock valued at $6,986,000 after purchasing an additional 34,052 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in FedEx by 21.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,374,522 shares of the shipping service provider’s stock valued at $383,063,000 after acquiring an additional 418,451 shares during the period. Geode Capital Management LLC boosted its holdings in FedEx by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 2,746,237 shares of the shipping service provider’s stock valued at $442,149,000 after acquiring an additional 185,252 shares during the period. Telos Capital Management Inc. boosted its holdings in FedEx by 7.7% during the 1st quarter. Telos Capital Management Inc. now owns 8,124 shares of the shipping service provider’s stock valued at $1,474,000 after acquiring an additional 581 shares during the period. Finally, Pennsylvania Trust Co boosted its holdings in FedEx by 3.4% during the 1st quarter. Pennsylvania Trust Co now owns 16,982 shares of the shipping service provider’s stock valued at $3,081,000 after acquiring an additional 552 shares during the period. Institutional investors own 68.64% of the company’s stock.
In other FedEx news, EVP Robert B. Carter sold 23,100 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $175.78, for a total value of $4,060,518.00. Following the completion of the sale, the executive vice president now directly owns 68,446 shares in the company, valued at approximately $12,031,437.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul S. Walsh sold 4,440 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $161.88, for a total value of $718,747.20. Following the completion of the sale, the director now owns 16,440 shares of the company’s stock, valued at $2,661,307.20. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by corporate insiders.
A number of equities analysts recently issued reports on FDX shares. Credit Suisse Group dropped their price objective on FedEx from $184.00 to $175.00 and set an “outperform” rating for the company in a report on Wednesday, June 26th. Cowen restated an “outperform” rating and set a $228.00 price objective (down previously from $230.00) on shares of FedEx in a report on Thursday, June 20th. Berenberg Bank set a $175.00 price objective on FedEx and gave the company a “hold” rating in a report on Friday, June 28th. Raymond James dropped their price objective on FedEx from $200.00 to $190.00 and set an “outperform” rating for the company in a report on Wednesday, June 26th. Finally, UBS Group set a $136.00 price objective on FedEx and gave the company a “sell” rating in a report on Wednesday, June 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $191.63.
Shares of FDX stock traded up $3.18 during mid-day trading on Friday, hitting $156.00. The stock had a trading volume of 1,536,200 shares, compared to its average volume of 2,030,355. FedEx Co. has a 12-month low of $150.68 and a 12-month high of $259.25. The firm has a market capitalization of $39.86 billion, a P/E ratio of 10.05, a price-to-earnings-growth ratio of 0.83 and a beta of 1.65. The firm’s 50-day moving average is $164.88 and its two-hundred day moving average is $173.86. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.45 and a quick ratio of 1.39.
FedEx (NYSE:FDX) last issued its earnings results on Tuesday, June 25th. The shipping service provider reported $5.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.93 by $0.08. FedEx had a return on equity of 21.57% and a net margin of 0.77%. The business had revenue of $17.81 billion during the quarter, compared to analysts’ expectations of $17.85 billion. During the same period in the prior year, the business earned $5.91 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. Analysts expect that FedEx Co. will post 14.61 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.67%. FedEx’s dividend payout ratio is 16.75%.
FedEx Company Profile
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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