Asset Advisors Corp increased its holdings in FedEx Co. (NYSE:FDX) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,180 shares of the shipping service provider’s stock after acquiring an additional 770 shares during the quarter. FedEx makes up about 1.5% of Asset Advisors Corp’s holdings, making the stock its 21st biggest position. Asset Advisors Corp’s holdings in FedEx were worth $9,278,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Hartwell J M Limited Partnership acquired a new position in shares of FedEx in the 4th quarter valued at $4,396,000. Steward Partners Investment Advisory LLC increased its holdings in shares of FedEx by 117.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,507 shares of the shipping service provider’s stock valued at $625,000 after acquiring an additional 1,356 shares during the period. Ingalls & Snyder LLC increased its holdings in shares of FedEx by 2.4% in the 4th quarter. Ingalls & Snyder LLC now owns 8,119 shares of the shipping service provider’s stock valued at $2,026,000 after acquiring an additional 193 shares during the period. Personal Capital Advisors Corp acquired a new position in shares of FedEx in the 4th quarter valued at $233,000. Finally, State of Alaska Department of Revenue increased its holdings in shares of FedEx by 414.8% in the 4th quarter. State of Alaska Department of Revenue now owns 29,215 shares of the shipping service provider’s stock valued at $7,289,000 after acquiring an additional 23,540 shares during the period. 75.71% of the stock is currently owned by institutional investors and hedge funds.
In other FedEx news, insider Henry J. Maier sold 11,150 shares of the business’s stock in a transaction 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 sale, the insider now directly owns 36,747 shares in the company, valued at approximately $8,395,219.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kim Jabal sold 3,980 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total transaction of $897,689.00. Following the sale, the director now owns 6,080 shares in the company, valued at $1,371,344. The disclosure for this sale can be found here. Insiders have sold a total of 68,671 shares of company stock worth $17,137,160 over the last 90 days. Insiders own 8.45% of the company’s stock.
Shares of FedEx Co. (NYSE FDX) traded up $2.14 during midday trading on Monday, hitting $274.32. 1,420,300 shares of the company’s stock traded hands, compared to its average volume of 1,899,085. The stock has a market cap of $73,170.00, a price-to-earnings ratio of 25.21, a P/E/G ratio of 1.62 and a beta of 1.36. FedEx Co. has a 52 week low of $182.89 and a 52 week high of $274.66. The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89.
FedEx (NYSE:FDX) last issued its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, topping the consensus estimate of $2.89 by $0.29. The company had revenue of $16.30 billion for the quarter, compared to analyst estimates of $15.67 billion. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.80 EPS. equities research analysts forecast that FedEx Co. will post 13.28 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th were given a dividend of $0.50 per share. The ex-dividend date was Friday, December 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.73%. FedEx’s payout ratio is currently 18.38%.
A number of equities analysts have recently commented on the stock. Citigroup lifted their target price on shares of FedEx to $275.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Barclays reissued an “overweight” rating and issued a $270.00 price objective (up from $230.00) on shares of FedEx in a research note on Thursday, November 30th. They noted that the move was a valuation call. KeyCorp began coverage on shares of FedEx in a research note on Tuesday, October 10th. They issued an “overweight” rating and a $260.00 price objective on the stock. Goldman Sachs Group began coverage on shares of FedEx in a research note on Monday, November 13th. They issued a “buy” rating and a $270.00 price objective on the stock. Finally, Stifel Nicolaus boosted their price objective on shares of FedEx from $221.00 to $272.00 and gave the company a “hold” rating in a research note on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. FedEx currently has an average rating of “Buy” and a consensus target price of $270.49.
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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