D.A. Davidson & CO. Has $6.85 Million Stake in FedEx Co. (FDX)
D.A. Davidson & CO. grew its stake in shares of FedEx Co. (NYSE:FDX) by 9.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,366 shares of the shipping service provider’s stock after acquiring an additional 2,662 shares during the quarter. D.A. Davidson & CO.’s holdings in FedEx were worth $6,849,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. FNY Managed Accounts LLC purchased a new stake in shares of FedEx during the first quarter valued at $100,000. Salem Investment Counselors Inc. boosted its position in shares of FedEx by 2.8% during the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after buying an additional 13 shares during the last quarter. Krilogy Financial LLC boosted its position in shares of FedEx by 0.4% during the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after buying an additional 2 shares during the last quarter. Alexandria Capital LLC boosted its position in shares of FedEx by 2.5% during the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after buying an additional 13 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. purchased a new stake in shares of FedEx during the third quarter valued at $132,000. Hedge funds and other institutional investors own 75.74% of the company’s stock.
In other news, insider Henry J. Maier sold 11,150 shares of FedEx stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the transaction, the insider now directly owns 36,747 shares of the company’s stock, valued at approximately $8,395,219.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael L. Ducker sold 14,964 shares of FedEx stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $225.85, for a total value of $3,379,619.40. Following the transaction, the chief executive officer now directly owns 53,397 shares in the company, valued at $12,059,712.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,094 shares of company stock worth $9,024,637. Insiders own 8.45% of the company’s stock.
FedEx Co. (NYSE:FDX) opened at $240.73 on Friday. The stock has a market capitalization of $64,551.27, a PE ratio of 20.21, a price-to-earnings-growth ratio of 1.51 and a beta of 1.36. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.63 and a quick ratio of 1.57. FedEx Co. has a 12-month low of $182.89 and a 12-month high of $243.06.
FedEx (NYSE:FDX) last announced its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.66). FedEx had a return on equity of 20.69% and a net margin of 4.72%. The firm had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.35 billion. During the same period in the previous year, the business posted $2.90 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. equities analysts anticipate that FedEx Co. will post 12.47 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, December 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.83%. FedEx’s payout ratio is currently 18.87%.
Several equities research analysts recently commented on the company. Oppenheimer reaffirmed a “buy” rating and set a $229.00 price objective on shares of FedEx in a research report on Wednesday, September 20th. Stifel Nicolaus reaffirmed a “hold” rating and set a $221.00 price objective (up from $216.00) on shares of FedEx in a research report on Wednesday, September 20th. Wells Fargo & Company increased their price objective on FedEx from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, September 21st. Bank of America reaffirmed a “buy” rating and set a $240.00 price objective on shares of FedEx in a research report on Wednesday, September 20th. Finally, Barclays reaffirmed an “overweight” rating and set a $270.00 price objective (up from $230.00) on shares of FedEx in a research report on Thursday, November 30th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $231.81.
FedEx 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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