10 15 Associates Inc. raised its position in shares of FedEx Corporation (NYSE:FDX) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,452 shares of the shipping service provider’s stock after buying an additional 260 shares during the period. 10 15 Associates Inc.’s holdings in FedEx Corporation were worth $2,820,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Nationwide Fund Advisors increased its stake in shares of FedEx Corporation by 1.8% in the first quarter. Nationwide Fund Advisors now owns 83,049 shares of the shipping service provider’s stock worth $16,207,000 after buying an additional 1,470 shares during the last quarter. CAPROCK Group Inc. boosted its position in FedEx Corporation by 1.6% in the first quarter. CAPROCK Group Inc. now owns 7,456 shares of the shipping service provider’s stock worth $1,455,000 after buying an additional 119 shares during the period. Candriam Luxembourg S.C.A. boosted its position in FedEx Corporation by 9.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 63,196 shares of the shipping service provider’s stock worth $12,333,000 after buying an additional 5,473 shares during the period. Factory Mutual Insurance Co. boosted its position in FedEx Corporation by 3.0% in the first quarter. Factory Mutual Insurance Co. now owns 348,400 shares of the shipping service provider’s stock worth $67,990,000 after buying an additional 10,000 shares during the period. Finally, V Wealth Management LLC boosted its position in FedEx Corporation by 13.8% in the first quarter. V Wealth Management LLC now owns 7,980 shares of the shipping service provider’s stock worth $1,567,000 after buying an additional 968 shares during the period. 76.00% of the stock is owned by hedge funds and other institutional investors.
Shares of FedEx Corporation (NYSE:FDX) traded up 0.53% during trading on Friday, reaching $207.76. 614,224 shares of the company’s stock were exchanged. FedEx Corporation has a 12-month low of $158.20 and a 12-month high of $219.99. The stock has a market cap of $55.73 billion, a P/E ratio of 18.77 and a beta of 1.27. The company has a 50 day moving average of $210.51 and a 200 day moving average of $199.85.
FedEx Corporation (NYSE:FDX) last announced its quarterly earnings data on Tuesday, June 20th. The shipping service provider reported $4.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.88 by $0.37. The business had revenue of $15.70 billion for the quarter, compared to analyst estimates of $15.56 billion. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The company’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.30 EPS. Equities research analysts anticipate that FedEx Corporation will post $13.56 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 11th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, September 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.96%. FedEx Corporation’s payout ratio is currently 18.08%.
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FDX has been the topic of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of FedEx Corporation from $194.00 to $216.00 and gave the company a “hold” rating in a research note on Monday, June 12th. Vetr cut shares of FedEx Corporation from a “hold” rating to a “sell” rating and set a $206.26 target price on the stock. in a research note on Monday, June 26th. BidaskClub cut shares of FedEx Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Oppenheimer Holdings, Inc. lifted their target price on shares of FedEx Corporation from $218.00 to $229.00 and gave the company an “outperform” rating in a research note on Thursday, June 15th. Finally, Zacks Investment Research cut shares of FedEx Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $221.78.
In related news, Director Kim Jabal sold 609 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $216.13, for a total value of $131,623.17. Following the transaction, the director now owns 2,100 shares in the company, valued at $453,873. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO David L. Cunningham, Jr. sold 17,565 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $211.00, for a total transaction of $3,706,215.00. Following the completion of the transaction, the chief executive officer now owns 29,148 shares in the company, valued at approximately $6,150,228. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,757 shares of company stock worth $16,447,426. Insiders own 8.45% of the company’s stock.
FedEx Corporation Company Profile
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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