Bar Harbor Wealth Management lifted its holdings in shares of FedEx Co. (NYSE:FDX – Free Report) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,573 shares of the shipping service provider’s stock after purchasing an additional 181 shares during the period. Bar Harbor Wealth Management’s holdings in FedEx were worth $4,381,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the business. Oppenheimer & Co. Inc. boosted its holdings in FedEx by 2.5% in the second quarter. Oppenheimer & Co. Inc. now owns 11,539 shares of the shipping service provider’s stock valued at $3,460,000 after acquiring an additional 277 shares during the last quarter. Thoroughbred Financial Services LLC boosted its stake in shares of FedEx by 49.3% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 5,991 shares of the shipping service provider’s stock valued at $1,796,000 after purchasing an additional 1,978 shares during the last quarter. Schulhoff & Co. Inc. increased its position in shares of FedEx by 14.0% during the second quarter. Schulhoff & Co. Inc. now owns 815 shares of the shipping service provider’s stock worth $244,000 after buying an additional 100 shares during the period. Wilkins Investment Counsel Inc. raised its stake in FedEx by 5.5% during the second quarter. Wilkins Investment Counsel Inc. now owns 4,220 shares of the shipping service provider’s stock worth $1,265,000 after buying an additional 220 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in FedEx in the second quarter valued at $3,298,000. Institutional investors own 84.47% of the company’s stock.
Insiders Place Their Bets
In related news, EVP John W. Dietrich acquired 1,000 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average price of $273.98 per share, with a total value of $273,980.00. Following the transaction, the executive vice president now directly owns 9,067 shares in the company, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the sale, the chief executive officer now directly owns 111,886 shares in the company, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.
Wall Street Analyst Weigh In
FedEx Trading Up 1.4 %
Shares of NYSE:FDX traded up $3.73 on Monday, reaching $274.46. 1,081,893 shares of the company traded hands, compared to its average volume of 1,433,929. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The business’s 50-day simple moving average is $283.78 and its 200 day simple moving average is $284.61. The stock has a market capitalization of $66.10 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20.
FedEx (NYSE:FDX – Get Free Report) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating the consensus estimate 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 net margin of 4.62% and a return on equity of 15.61%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.99 earnings per share. As a group, equities analysts anticipate that FedEx Co. will post 19.59 EPS for the current fiscal year.
FedEx Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were given a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 2.01%. FedEx’s payout ratio is 35.18%.
FedEx 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.
See Also
- Five stocks we like better than FedEx
- How to Invest in Small Cap Stocks
- Rigetti Computing, Inc.: Buy, Sell, or Hold for 2025
- Insider Trades May Not Tell You What You Think
- Delta Can Fly to New Highs in 2025; Here’s Why
- ESG Stocks, What Investors Should Know
- Snowflake Stock: Bullish Upgrades Demand Investors’ Attention
Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.