Sargent Investment Group LLC increased its position in FedEx Co. (NYSE:FDX – Free Report) by 49.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,789 shares of the shipping service provider’s stock after purchasing an additional 3,554 shares during the quarter. Sargent Investment Group LLC’s holdings in FedEx were worth $2,963,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of FDX. Geode Capital Management LLC boosted its holdings in shares of FedEx by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider’s stock worth $1,281,335,000 after buying an additional 67,502 shares during the period. Franklin Resources Inc. lifted its position in FedEx by 8.6% during the third quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock worth $1,042,050,000 after acquiring an additional 314,380 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of FedEx by 0.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider’s stock worth $465,031,000 after acquiring an additional 11,100 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of FedEx by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider’s stock valued at $397,267,000 after purchasing an additional 13,093 shares during the last quarter. Finally, Sentry LLC increased its stake in shares of FedEx by 0.4% during the fourth quarter. Sentry LLC now owns 1,217,117 shares of the shipping service provider’s stock worth $342,412,000 after purchasing an additional 5,404 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other news, EVP John W. Dietrich bought 1,000 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average price of $273.98 per share, with a total value of $273,980.00. Following the completion of the purchase, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Susan C. Schwab sold 3,980 shares of the company’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 sale, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Research Report on FDX
FedEx Stock Performance
NYSE FDX opened at $251.08 on Wednesday. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The stock has a market cap of $60.47 billion, a PE ratio of 16.00, a PEG ratio of 1.10 and a beta of 1.18. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The firm’s fifty day moving average price is $278.47 and its two-hundred day moving average price is $281.61.
FedEx (NYSE:FDX – Get Free Report) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter in the prior year, the firm earned $3.99 EPS. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts expect that FedEx Co. will post 19.14 EPS for the current fiscal year.
FedEx Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were given 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 yield of 2.20%. FedEx’s dividend payout ratio is presently 35.18%.
FedEx Company 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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