By otakuyassine3@gmail.com 
Gradient Investments LLC increased its position in FedEx Co. (NYSE:FDX – Free Report) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,868 shares of the shipping service provider’s stock after purchasing an additional 88 shares during the quarter. Gradient Investments LLC’s holdings in FedEx were worth $526,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of FedEx by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider’s stock worth $1,281,335,000 after buying an additional 67,502 shares during the period. Franklin Resources Inc. grew its holdings in FedEx by 8.6% during the 3rd quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock worth $1,042,050,000 after acquiring an additional 314,380 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of FedEx by 0.7% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider’s stock valued at $465,031,000 after acquiring an additional 11,100 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of FedEx by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider’s stock valued at $397,267,000 after purchasing an additional 13,093 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of FedEx by 473.8% in the 3rd quarter. International Assets Investment Management LLC now owns 784,691 shares of the shipping service provider’s stock worth $2,147,540,000 after purchasing an additional 647,926 shares during the last quarter. 84.47% of the stock is owned by institutional investors.
FedEx Trading Up 1.1 %
FedEx stock opened at $273.12 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The firm has a 50-day moving average of $281.64 and a 200-day moving average of $283.27. The company has a market cap of $65.78 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 1.12 and a beta of 1.20. FedEx Co. has a one year low of $234.45 and a one year high of $313.84.
FedEx (NYSE:FDX – Get Free Report) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the company earned $3.99 earnings per share. On average, equities analysts expect that FedEx Co. will post 19.14 earnings per share for the current fiscal year.
FedEx Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.
Analyst Ratings Changes
A number of equities research analysts recently commented on FDX shares. Loop Capital upgraded FedEx from a “hold” rating to a “buy” rating and upped their price objective for the company from $288.00 to $365.00 in a report on Friday, December 20th. Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $337.00 to $316.00 in a research note on Tuesday, December 3rd. BMO Capital Markets lifted their price objective on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. Citigroup upped their target price on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average price target of $325.43.
Check Out Our Latest Analysis on FDX
Insider Transactions at FedEx
In other FedEx news, Director Amy B. Lane bought 333 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average cost of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now owns 333 shares of the company’s stock, valued at $91,927.98. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John W. Dietrich purchased 1,000 shares of the business’s stock in a transaction on Tuesday, January 7th. The shares were acquired at an average cost of $273.98 per share, with a total value of $273,980.00. Following the acquisition, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is owned by company insiders.
About FedEx
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.
See Also
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