Todd Asset Management LLC raised its stake in shares of FedEx Co. (NYSE:FDX) by 14.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,426 shares of the shipping service provider’s stock after buying an additional 12,222 shares during the period. Todd Asset Management LLC’s holdings in FedEx were worth $22,429,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Strategic Advisors LLC boosted its holdings in shares of FedEx by 16.7% in the second quarter. Strategic Advisors LLC now owns 2,138 shares of the shipping service provider’s stock worth $465,000 after buying an additional 306 shares during the period. Handelsbanken Fonder AB acquired a new position in shares of FedEx in the second quarter worth about $435,000. Stevens Capital Management LP boosted its holdings in shares of FedEx by 60.6% in the second quarter. Stevens Capital Management LP now owns 39,340 shares of the shipping service provider’s stock worth $8,550,000 after buying an additional 14,845 shares during the period. Vanguard Group Inc. boosted its holdings in shares of FedEx by 2.7% in the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock worth $4,018,446,000 after buying an additional 492,840 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of FedEx by 1.3% in the second quarter. Janney Montgomery Scott LLC now owns 53,299 shares of the shipping service provider’s stock worth $11,584,000 after buying an additional 707 shares during the period. 75.74% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Kim Jabal sold 3,980 shares of FedEx stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total value of $897,689.00. Following the transaction, the director now owns 6,080 shares of the company’s stock, valued at $1,371,344. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Henry J. Maier sold 11,150 shares of FedEx stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the completion of the transaction, the insider now directly owns 36,747 shares in the company, valued at approximately $8,395,219.62. The disclosure for this sale can be found here. In the last three months, insiders sold 40,094 shares of company stock worth $9,024,637. Insiders own 8.45% of the company’s stock.
FedEx Co. (NYSE:FDX) traded down $0.62 during midday trading on Monday, reaching $230.84. 1,809,800 shares of the company’s stock were exchanged, compared to its average volume of 1,469,046. FedEx Co. has a 1 year low of $182.89 and a 1 year high of $233.89. The firm has a market capitalization of $61,899.21, a PE ratio of 19.38, a PEG ratio of 1.45 and a beta of 1.36. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.63 and a quick ratio of 1.57.
FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). FedEx had a net margin of 4.72% and a return on equity of 20.69%. The firm had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. During the same period in the prior year, the business earned $2.90 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. analysts expect that FedEx Co. will post 12.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Friday, December 8th. FedEx’s dividend payout ratio is 18.87%.
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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