FedEx Corporation (FDX) Shares Bought by Thrivent Financial For Lutherans
Thrivent Financial For Lutherans boosted its stake in shares of FedEx Corporation (NYSE:FDX) by 6.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,211 shares of the shipping service provider’s stock after buying an additional 530 shares during the period. Thrivent Financial For Lutherans’ holdings in FedEx Corporation were worth $1,797,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Alexandria Capital LLC increased its stake in FedEx Corporation by 2.1% in the first quarter. Alexandria Capital LLC now owns 527 shares of the shipping service provider’s stock valued at $103,000 after buying an additional 11 shares during the last quarter. Pinnacle Bank purchased a new stake in FedEx Corporation during the first quarter valued at $122,000. Adirondack Trust Co. increased its stake in FedEx Corporation by 1.5% in the first quarter. Adirondack Trust Co. now owns 662 shares of the shipping service provider’s stock valued at $129,000 after buying an additional 10 shares during the last quarter. Brick & Kyle Associates increased its stake in FedEx Corporation by 1.5% in the first quarter. Brick & Kyle Associates now owns 674 shares of the shipping service provider’s stock valued at $132,000 after buying an additional 10 shares during the last quarter. Finally, Cohen Capital Management Inc. purchased a new stake in FedEx Corporation during the first quarter valued at $185,000. 76.49% of the stock is owned by institutional investors and hedge funds.
Shares of FedEx Corporation (FDX) traded down 0.02% on Friday, hitting $209.32. The stock had a trading volume of 1,450,103 shares. The company’s 50-day moving average price is $213.53 and its 200 day moving average price is $197.66. FedEx Corporation has a 12-month low of $158.20 and a 12-month high of $219.99. The firm has a market cap of $56.15 billion, a P/E ratio of 18.91 and a beta of 1.27.
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, beating the Thomson Reuters’ consensus estimate of $3.88 by $0.37. The business had revenue of $15.70 billion during the quarter, compared to analyst estimates of $15.56 billion. FedEx Corporation had a return on equity of 22.19% and a net margin of 4.97%. The company’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.30 earnings per share. On average, equities research analysts forecast that FedEx Corporation will post $13.60 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Thursday, June 22nd were issued a $0.50 dividend. This is a positive change from FedEx Corporation’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, June 20th. This represents a $2.00 annualized dividend and a dividend yield of 0.96%. FedEx Corporation’s dividend payout ratio is 18.08%.
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FDX has been the subject of several research analyst reports. Vetr downgraded FedEx Corporation from a “strong-buy” rating to a “buy” rating and set a $203.90 price objective for the company. in a report on Wednesday, April 19th. Zacks Investment Research raised FedEx Corporation from a “hold” rating to a “buy” rating and set a $215.00 price objective for the company in a report on Tuesday, May 23rd. ValuEngine raised FedEx Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. UBS AG reissued a “buy” rating and issued a $235.00 price objective (up from $215.00) on shares of FedEx Corporation in a report on Wednesday, June 21st. Finally, Deutsche Bank AG set a $235.00 price objective on FedEx Corporation and gave the company a “buy” rating in a report on Wednesday, June 21st. Six equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. FedEx Corporation has an average rating of “Buy” and an average target price of $221.78.
In other news, Director John A. Edwardson sold 2,208 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $208.14, for a total value of $459,573.12. Following the completion of the sale, the director now owns 30,608 shares in the company, valued at $6,370,749.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kim Jabal sold 609 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 2,100 shares of the company’s stock, valued at approximately $453,873. The disclosure for this sale can be found here. In the last 90 days, insiders sold 77,757 shares of company stock valued at $16,447,426. Insiders own 8.67% 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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