Jamison Private Wealth Management Inc. increased its position in shares of FedEx Co. (NYSE:FDX – Free Report) by 6.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,975 shares of the shipping service provider’s stock after buying an additional 626 shares during the period. Jamison Private Wealth Management Inc.’s holdings in FedEx were worth $3,088,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. AXA S.A. raised its holdings in shares of FedEx by 10.1% in the 2nd quarter. AXA S.A. now owns 51,944 shares of the shipping service provider’s stock valued at $15,575,000 after purchasing an additional 4,746 shares during the period. AQR Capital Management LLC raised its stake in FedEx by 9.4% in the second quarter. AQR Capital Management LLC now owns 92,093 shares of the shipping service provider’s stock valued at $27,432,000 after buying an additional 7,940 shares during the period. Dark Forest Capital Management LP lifted its position in shares of FedEx by 4.7% in the second quarter. Dark Forest Capital Management LP now owns 1,180 shares of the shipping service provider’s stock valued at $354,000 after buying an additional 53 shares during the last quarter. MBB Public Markets I LLC bought a new position in shares of FedEx during the 2nd quarter worth approximately $5,205,000. Finally, MidWestOne Financial Group Inc. increased its holdings in shares of FedEx by 43.3% during the 2nd quarter. MidWestOne Financial Group Inc. now owns 2,221 shares of the shipping service provider’s stock worth $666,000 after acquiring an additional 671 shares during the last quarter. 84.47% of the stock is owned by institutional investors.
Insider Activity
In other news, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Amy B. Lane acquired 333 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average price of $276.06 per share, with a total value of $91,927.98. Following the completion of the acquisition, the director now directly owns 333 shares of the company’s stock, valued at $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on FDX
FedEx Price Performance
Shares of FDX stock opened at $273.12 on Friday. The business has a fifty day simple moving average of $281.64 and a 200 day simple moving average of $283.27. The company has a market cap of $65.78 billion, a P/E ratio of 17.41, a P/E/G ratio of 1.12 and a beta of 1.20. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84.
FedEx (NYSE:FDX – Get Free Report) last posted its earnings results 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 firm had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.99 earnings per share. On average, sell-side analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.
FedEx Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 2.02%. FedEx’s dividend payout ratio (DPR) is presently 35.18%.
FedEx 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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