Forsta AP Fonden cut its stake in shares of FedEx Co. (NYSE:FDX – Free Report) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,900 shares of the shipping service provider’s stock after selling 200 shares during the quarter. Forsta AP Fonden’s holdings in FedEx were worth $17,414,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of FDX. Northwestern Mutual Wealth Management Co. boosted its stake in shares of FedEx by 7.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,330 shares of the shipping service provider’s stock worth $10,298,000 after acquiring an additional 2,265 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of FedEx by 19.5% during the 2nd quarter. Sunbelt Securities Inc. now owns 686 shares of the shipping service provider’s stock worth $206,000 after acquiring an additional 112 shares in the last quarter. Regal Investment Advisors LLC boosted its position in shares of FedEx by 26.2% in the second quarter. Regal Investment Advisors LLC now owns 1,950 shares of the shipping service provider’s stock worth $585,000 after buying an additional 405 shares during the period. EP Wealth Advisors LLC boosted its position in shares of FedEx by 23.8% in the second quarter. EP Wealth Advisors LLC now owns 3,829 shares of the shipping service provider’s stock worth $1,148,000 after buying an additional 737 shares during the period. Finally, Ariadne Wealth Management LP acquired a new stake in shares of FedEx in the second quarter worth $103,000. 84.47% of the stock is owned by institutional investors.
Insider Transactions at FedEx
In other news, EVP John W. Dietrich bought 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 9,067 shares in the company, valued at $2,484,176.66. This represents a 12.40 % 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, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on FedEx
FedEx Price Performance
NYSE FDX opened at $275.34 on Thursday. 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 stock’s 50-day moving average is $281.09 and its two-hundred day moving average is $282.86. The firm has a market cap of $66.32 billion, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84.
FedEx (NYSE:FDX – Get Free Report) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. The business had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $3.99 earnings per share. On average, analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.
FedEx Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a $1.38 dividend. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.00%. FedEx’s payout ratio is presently 35.18%.
FedEx Company 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.
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