Kalos Management Inc. purchased a new stake in FedEx Co. (NYSE:FDX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,613 shares of the shipping service provider’s stock, valued at approximately $266,000.
Several other institutional investors have also recently bought and sold shares of FDX. Elite Wealth Management Inc. lifted its holdings in shares of FedEx by 1.9% in the 4th quarter. Elite Wealth Management Inc. now owns 3,191 shares of the shipping service provider’s stock worth $515,000 after acquiring an additional 61 shares during the last quarter. Legacy Financial Advisors Inc. lifted its holdings in shares of FedEx by 17.5% in the 4th quarter. Legacy Financial Advisors Inc. now owns 423 shares of the shipping service provider’s stock worth $68,000 after acquiring an additional 63 shares during the last quarter. Rehmann Capital Advisory Group lifted its holdings in shares of FedEx by 2.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 2,423 shares of the shipping service provider’s stock worth $583,000 after acquiring an additional 64 shares during the last quarter. Central Bank & Trust Co. lifted its holdings in shares of FedEx by 0.9% in the 4th quarter. Central Bank & Trust Co. now owns 8,402 shares of the shipping service provider’s stock worth $1,355,000 after acquiring an additional 74 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in shares of FedEx by 1.3% in the 4th quarter. LS Investment Advisors LLC now owns 5,801 shares of the shipping service provider’s stock worth $936,000 after acquiring an additional 74 shares during the last quarter. 71.39% of the stock is owned by institutional investors and hedge funds.
Shares of FDX opened at $177.98 on Monday. FedEx Co. has a twelve month low of $150.94 and a twelve month high of $266.67. The firm has a market capitalization of $46.46 billion, a PE ratio of 11.63, a PEG ratio of 0.87 and a beta of 1.63. The company has a current ratio of 1.42, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85.
FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, December 18th. The shipping service provider reported $4.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.05 by ($0.02). FedEx had a net margin of 7.23% and a return on equity of 24.11%. The firm had revenue of $17.82 billion during the quarter, compared to analyst estimates of $17.71 billion. During the same quarter in the previous year, the business posted $3.18 earnings per share. Equities analysts expect that FedEx Co. will post 15.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.46%. FedEx’s payout ratio is 16.98%.
Several brokerages have recently commented on FDX. Zacks Investment Research upgraded shares of FedEx from a “hold” rating to a “buy” rating and set a $226.00 price objective on the stock in a report on Tuesday, December 11th. Oppenheimer decreased their price objective on shares of FedEx from $288.00 to $234.00 and set an “outperform” rating on the stock in a report on Wednesday, December 19th. Daiwa Capital Markets set a $190.00 target price on shares of FedEx and gave the stock a “buy” rating in a report on Thursday, December 20th. Cowen reiterated an “outperform” rating and set a $237.00 target price (down from $242.00) on shares of FedEx in a report on Thursday. Finally, UBS Group reduced their target price on shares of FedEx from $256.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, December 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $234.74.
In other news, Director David P. Steiner acquired 7,000 shares of FedEx stock in a transaction dated Wednesday, January 2nd. The shares were acquired at an average cost of $162.92 per share, for a total transaction of $1,140,440.00. Following the acquisition, the director now owns 25,994 shares of the company’s stock, valued at $4,234,942.48. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP John L. Merino sold 2,300 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $182.24, for a total transaction of $419,152.00. Following the completion of the sale, the vice president now owns 30,185 shares in the company, valued at $5,500,914.40. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by company insiders.
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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