FedEx Corporation (FDX) Holdings Raised by Advisor Partners LLC
Advisor Partners LLC raised its holdings in shares of FedEx Corporation (NYSE:FDX) by 12.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,959 shares of the shipping service provider’s stock after acquiring an additional 540 shares during the quarter. Advisor Partners LLC’s holdings in FedEx Corporation were worth $1,078,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Physicians Financial Services Inc. raised its holdings in FedEx Corporation by 1.8% during the second quarter. Physicians Financial Services Inc. now owns 7,360 shares of the shipping service provider’s stock valued at $1,599,000 after acquiring an additional 130 shares during the period. Hodges Capital Management Inc. raised its holdings in FedEx Corporation by 7.8% during the second quarter. Hodges Capital Management Inc. now owns 17,513 shares of the shipping service provider’s stock valued at $3,806,000 after acquiring an additional 1,271 shares during the period. Beach Investment Management LLC. bought a new stake in FedEx Corporation during the second quarter valued at about $11,976,000. Trust Investment Advisors raised its holdings in FedEx Corporation by 1.7% during the second quarter. Trust Investment Advisors now owns 6,125 shares of the shipping service provider’s stock valued at $1,331,000 after acquiring an additional 100 shares during the period. Finally, Palladium Partners LLC raised its holdings in FedEx Corporation by 1,695.7% during the second quarter. Palladium Partners LLC now owns 25,140 shares of the shipping service provider’s stock valued at $5,463,000 after acquiring an additional 23,740 shares during the period. 75.84% of the stock is currently owned by institutional investors and hedge funds.
In other FedEx Corporation news, VP John L. Merino sold 7,200 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $211.26, for a total value of $1,521,072.00. Following the completion of the transaction, the vice president now owns 33,908 shares of the company’s stock, valued at approximately $7,163,404.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John A. Edwardson sold 2,208 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $208.14, for a total transaction of $459,573.12. Following the completion of the transaction, the director now directly owns 30,608 shares of the company’s stock, valued at approximately $6,370,749.12. The disclosure for this sale can be found here. Insiders sold a total of 77,757 shares of company stock valued at $16,447,426 in the last three months. 8.45% of the stock is currently owned by corporate insiders.
FDX has been the topic of several research reports. Zacks Investment Research raised FedEx Corporation from a “hold” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Tuesday, May 23rd. Vetr cut FedEx Corporation from a “hold” rating to a “sell” rating and set a $190.34 target price on the stock. in a report on Thursday, June 1st. ValuEngine raised FedEx Corporation from a “hold” rating to a “buy” rating in a report on Saturday, June 3rd. Seaport Global Securities initiated coverage on FedEx Corporation in a report on Tuesday, June 6th. They issued a “neutral” rating on the stock. Finally, Stifel Nicolaus lifted their target price on FedEx Corporation from $194.00 to $216.00 and gave the stock a “hold” rating in a report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-one have given a buy rating to the company’s stock. FedEx Corporation presently has a consensus rating of “Buy” and a consensus price target of $223.85.
FedEx Corporation (NYSE:FDX) opened at 215.08 on Tuesday. The stock has a market cap of $57.70 billion, a price-to-earnings ratio of 19.43 and a beta of 1.28. FedEx Corporation has a 12 month low of $161.65 and a 12 month high of $219.99. The firm’s 50 day moving average price is $209.94 and its 200 day moving average price is $202.20.
FedEx Corporation (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.88 by $0.37. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The company had revenue of $15.70 billion during the quarter, compared to analysts’ expectations of $15.56 billion. During the same quarter last year, the company posted $3.30 EPS. The firm’s revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts predict that FedEx Corporation will post $13.43 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Monday, September 11th will be given a $0.50 dividend. The ex-dividend date is Friday, September 8th. This represents a $2.00 annualized dividend and a yield of 0.93%. FedEx Corporation’s dividend payout ratio is presently 18.08%.
About FedEx Corporation
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.
Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Corporation (NYSE:FDX).
Receive News & Ratings for FedEx Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Corporation and related companies with MarketBeat.com's FREE daily email newsletter.