FedEx Corporation (FDX) Stake Held by Foster Dykema Cabot & Co. Inc. MA
Foster Dykema Cabot & Co. Inc. MA held its stake in FedEx Corporation (NYSE:FDX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,720 shares of the shipping service provider’s stock at the close of the 2nd quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in FedEx Corporation were worth $591,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of FDX. Cookson Peirce & Co. Inc. raised its holdings in FedEx Corporation by 29.3% during the 1st quarter. Cookson Peirce & Co. Inc. now owns 8,080 shares of the shipping service provider’s stock worth $1,577,000 after buying an additional 1,830 shares during the period. Advisory Services Network LLC acquired a new stake in FedEx Corporation during the 1st quarter worth about $844,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in FedEx Corporation by 3.8% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 40,492 shares of the shipping service provider’s stock worth $7,902,000 after buying an additional 1,485 shares during the period. Shaker Investments LLC OH acquired a new stake in FedEx Corporation during the 1st quarter worth about $293,000. Finally, Wedge Capital Management L L P NC raised its holdings in FedEx Corporation by 0.7% during the 1st quarter. Wedge Capital Management L L P NC now owns 54,331 shares of the shipping service provider’s stock worth $10,603,000 after buying an additional 384 shares during the period. 75.84% of the stock is owned by institutional investors.
FedEx Corporation (NYSE:FDX) opened at 220.00 on Friday. FedEx Corporation has a 52 week low of $168.00 and a 52 week high of $220.95. The company has a 50 day moving average price of $210.17 and a 200-day moving average price of $202.36. The firm has a market capitalization of $58.99 billion, a price-to-earnings ratio of 20.74 and a beta of 1.28.
FedEx Corporation (NYSE:FDX) last released its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.66). The firm had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.90 earnings per share. Equities analysts predict that FedEx Corporation will post $12.78 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Monday, September 11th will be paid a $0.50 dividend. The ex-dividend date is Friday, September 8th. This represents a $2.00 annualized dividend and a yield of 0.91%. FedEx Corporation’s dividend payout ratio (DPR) is presently 18.87%.
In related news, Director Kim Jabal sold 609 shares of the business’s stock in a transaction on Thursday, June 29th. The stock was 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 directly owns 2,100 shares in the company, valued at approximately $453,873. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John A. Edwardson sold 2,208 shares of the business’s stock in a transaction on Monday, July 31st. The shares were 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 of the company’s stock, valued at $6,370,749.12. The disclosure for this sale can be found here. Insiders own 8.45% of the company’s stock.
Several analysts have issued reports on the company. UBS AG restated a “buy” rating and set a $235.00 price objective (up previously from $215.00) on shares of FedEx Corporation in a report on Wednesday, June 21st. Stephens set a $246.00 price objective on FedEx Corporation and gave the stock an “overweight” rating in a report on Wednesday, June 21st. Stifel Nicolaus restated a “neutral” rating on shares of FedEx Corporation in a report on Wednesday, August 16th. Wells Fargo & Company boosted their price objective on FedEx Corporation from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Seaport Global Securities assumed coverage on FedEx Corporation in a report on Tuesday, June 6th. They issued a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-one have issued a buy rating to the company’s stock. FedEx Corporation has a consensus rating of “Buy” and a consensus target price of $225.26.
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.
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