Trust Co. of Vermont boosted its stake in FedEx Co. (NYSE:FDX) by 4.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,287 shares of the shipping service provider’s stock after acquiring an additional 686 shares during the period. Trust Co. of Vermont’s holdings in FedEx were worth $3,674,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in FDX. Salem Investment Counselors Inc. boosted its stake in FedEx by 2.8% in the 2nd quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after purchasing an additional 13 shares in the last quarter. Cribstone Capital Management LLC boosted its stake in FedEx by 1.2% in the 2nd quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock worth $107,000 after purchasing an additional 6 shares in the last quarter. Krilogy Financial LLC boosted its stake in FedEx by 0.4% in the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock worth $111,000 after purchasing an additional 2 shares in the last quarter. FNY Managed Accounts LLC bought a new position in FedEx in the 1st quarter worth about $100,000. Finally, Alexandria Capital LLC boosted its stake in FedEx by 2.5% in the 2nd quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock worth $117,000 after purchasing an additional 13 shares in the last quarter. Institutional investors and hedge funds own 75.74% of the company’s stock.
In other news, Director Kim Jabal sold 3,980 shares of the firm’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 transaction, the director now owns 6,080 shares in the company, valued at $1,371,344. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Henry J. Maier sold 11,150 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total value of $2,547,329.00. Following the transaction, the insider now 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 quarter, insiders sold 40,094 shares of company stock worth $9,024,637. Insiders own 8.45% of the company’s stock.
A number of equities analysts have weighed in on FDX shares. Citigroup reissued a “buy” rating and issued a $235.00 target price on shares of FedEx in a research report on Thursday, September 14th. Robert W. Baird reissued a “buy” rating and issued a $235.00 target price on shares of FedEx in a research report on Tuesday, September 12th. Cowen reaffirmed a “buy” rating and set a $240.00 price target on shares of FedEx in a research report on Tuesday, September 12th. BMO Capital Markets reaffirmed a “buy” rating and set a $245.00 price target on shares of FedEx in a research report on Wednesday, September 6th. Finally, Loop Capital reaffirmed a “buy” rating and set a $260.00 price target (up previously from $250.00) on shares of FedEx in a research report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-three have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $231.81.
FedEx Co. (NYSE FDX) traded up $2.91 during trading hours on Thursday, reaching $239.30. The company had a trading volume of 1,232,244 shares, compared to its average volume of 1,475,491. FedEx Co. has a one year low of $182.89 and a one year high of $243.06. The stock has a market cap of $64,150.00, a price-to-earnings ratio of 19.76, a PEG ratio of 1.48 and a beta of 1.36. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.91.
FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.35 billion. During the same quarter in the previous year, the company posted $2.90 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. analysts anticipate that FedEx Co. will post 12.47 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. FedEx’s payout ratio is 18.83%.
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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