Janus Henderson Group PLC decreased its position in shares of FedEx Co. (NYSE:FDX) by 70.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 257,278 shares of the shipping service provider’s stock after selling 625,839 shares during the period. Janus Henderson Group PLC owned 0.10% of FedEx worth $58,033,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FNY Managed Accounts LLC acquired a new position in FedEx during the first quarter worth $100,000. Salem Investment Counselors Inc. grew its holdings in FedEx by 2.8% during the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after acquiring an additional 13 shares during the period. Krilogy Financial LLC grew its holdings in FedEx by 0.4% during the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock worth $111,000 after acquiring an additional 2 shares during the period. Alexandria Capital LLC grew its holdings in FedEx by 2.5% during the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock worth $117,000 after acquiring an additional 13 shares during the period. Finally, Financial Engines Advisors L.L.C. acquired a new position in FedEx during the third quarter worth $132,000. 75.60% of the stock is currently owned by institutional investors.
A number of brokerages recently weighed in on FDX. Zacks Investment Research raised FedEx from a “hold” rating to a “buy” rating and set a $272.00 price objective on the stock in a report on Thursday. Stephens set a $306.00 price objective on FedEx and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets upped their price objective on FedEx from $265.00 to $270.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company set a $275.00 price objective on FedEx and gave the stock a “buy” rating in a report on Wednesday. Finally, Sanford C. Bernstein set a $236.00 target price on FedEx and gave the stock a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $248.94.
FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.29. The business had revenue of $16.30 billion for the quarter, compared to the consensus estimate of $15.67 billion. FedEx had a return on equity of 20.91% and a net margin of 4.74%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.80 earnings per share. sell-side analysts anticipate that FedEx Co. will post 12.47 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be paid a $0.50 dividend. The ex-dividend date is Friday, December 8th. This represents a $2.00 annualized dividend and a yield of 0.80%. FedEx’s payout ratio is currently 18.43%.
In related news, insider Henry J. Maier sold 11,150 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $228.46, for a total value of $2,547,329.00. Following the completion of the transaction, the insider now directly owns 36,747 shares in the company, valued at $8,395,219.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kim Jabal sold 3,980 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total value of $897,689.00. Following the sale, the director now owns 6,080 shares of the company’s stock, valued at $1,371,344. The disclosure for this sale can be found here. Insiders sold 30,094 shares of company stock valued at $6,824,637 over the last quarter. Insiders own 8.45% of the company’s stock.
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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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