Madison Investment Holdings Inc. lowered its position in shares of FedEx Co. (NYSE:FDX) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,866 shares of the shipping service provider’s stock after selling 1,900 shares during the period. Madison Investment Holdings Inc.’s holdings in FedEx were worth $18,433,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of FDX. Sandy Spring Bank raised its stake in shares of FedEx by 4.8% during the second quarter. Sandy Spring Bank now owns 3,241 shares of the shipping service provider’s stock valued at $705,000 after purchasing an additional 147 shares during the period. Thrivent Financial For Lutherans raised its stake in shares of FedEx by 3.3% during the second quarter. Thrivent Financial For Lutherans now owns 9,511 shares of the shipping service provider’s stock valued at $2,067,000 after purchasing an additional 300 shares during the period. Artisan Partners Limited Partnership raised its stake in shares of FedEx by 0.8% during the second quarter. Artisan Partners Limited Partnership now owns 1,215,537 shares of the shipping service provider’s stock valued at $264,173,000 after purchasing an additional 9,568 shares during the period. Pathstone Family Office LLC raised its stake in shares of FedEx by 2,616.7% during the second quarter. Pathstone Family Office LLC now owns 652 shares of the shipping service provider’s stock valued at $141,000 after purchasing an additional 628 shares during the period. Finally, Quantitative Investment Management LLC purchased a new stake in shares of FedEx during the second quarter valued at approximately $39,249,000. Institutional investors own 74.01% of the company’s stock.
In other news, EVP Robert B. Carter sold 3,970 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $250.73, for a total transaction of $995,398.10. Following the completion of the transaction, the executive vice president now owns 187,025 shares of the company’s stock, valued at $46,892,778.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David P. Steiner sold 3,016 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $266.05, for a total transaction of $802,406.80. Following the transaction, the director now directly owns 16,040 shares of the company’s stock, valued at approximately $4,267,442. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,541 shares of company stock valued at $13,692,142. 8.45% of the stock is currently owned by corporate insiders.
A number of analysts have recently issued reports on FDX shares. Stephens set a $306.00 price objective on shares of FedEx and gave the company a “buy” rating in a research note on Wednesday, December 20th. Goldman Sachs Group began coverage on shares of FedEx in a research report on Monday, November 13th. They set a “buy” rating and a $270.00 price target for the company. Citigroup reissued a “buy” rating and set a $280.00 price target on shares of FedEx in a research report on Wednesday, December 20th. Robert W. Baird reissued a “buy” rating and set a $280.00 price target on shares of FedEx in a research report on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of FedEx from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-four have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $272.69.
FedEx Co. (NYSE FDX) opened at $245.43 on Friday. The company has a market cap of $65,177.54, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.42 and a beta of 1.30. 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 Co. has a 1-year low of $182.89 and a 1-year high of $274.66.
FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.29. The firm had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $15.67 billion. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The firm’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.80 earnings per share. equities analysts forecast that FedEx Co. will post 13.45 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Monday, March 12th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, March 9th. FedEx’s dividend payout ratio is presently 18.43%.
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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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