FedEx Co. (FDX) Position Increased by Creative Planning
Creative Planning boosted its stake in FedEx Co. (NYSE:FDX) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,690 shares of the shipping service provider’s stock after acquiring an additional 1,015 shares during the period. Creative Planning’s holdings in FedEx were worth $4,664,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Bach Investment Advisors Ltd acquired a new stake in shares of FedEx during the fourth quarter worth $405,000. National Pension Service raised its holdings in shares of FedEx by 4.9% during the fourth quarter. National Pension Service now owns 222,131 shares of the shipping service provider’s stock worth $55,431,000 after purchasing an additional 10,291 shares during the period. Central Bank & Trust Co. raised its holdings in shares of FedEx by 2.2% during the fourth quarter. Central Bank & Trust Co. now owns 9,345 shares of the shipping service provider’s stock worth $2,332,000 after purchasing an additional 201 shares during the period. E&G Advisors LP raised its holdings in shares of FedEx by 30.4% during the fourth quarter. E&G Advisors LP now owns 3,000 shares of the shipping service provider’s stock worth $749,000 after purchasing an additional 700 shares during the period. Finally, Wendell David Associates Inc. raised its holdings in shares of FedEx by 33.5% during the fourth quarter. Wendell David Associates Inc. now owns 3,555 shares of the shipping service provider’s stock worth $887,000 after purchasing an additional 893 shares during the period. 75.69% of the stock is currently owned by hedge funds and other institutional investors.
FDX has been the topic of a number of research reports. Zacks Investment Research cut shares of FedEx from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. Bank of America reissued a “buy” rating and set a $247.00 target price (up from $240.00) on shares of FedEx in a report on Friday, October 6th. Sanford C. Bernstein set a $236.00 target price on shares of FedEx and gave the stock a “hold” rating in a report on Wednesday, December 20th. Loop Capital increased their target price on shares of FedEx to $318.00 in a report on Thursday, January 4th. Finally, UBS Group raised shares of FedEx from a “neutral” rating to a “buy” rating and increased their target price for the stock from $264.00 to $302.00 in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $270.49.
FedEx Co. (NYSE:FDX) opened at $274.32 on Friday. The company has a market cap of $73,490.00, a PE ratio of 25.21, a PEG ratio of 1.62 and a beta of 1.36. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89. FedEx Co. has a 12-month low of $182.89 and a 12-month high of $274.66.
FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, topping the consensus estimate of $2.89 by $0.29. The business had revenue of $16.30 billion during the quarter, compared to analyst estimates of $15.67 billion. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.80 earnings per share. research analysts expect that FedEx Co. will post 13.17 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 11th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, December 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.73%. FedEx’s dividend payout ratio is presently 18.38%.
In related news, Director David P. Steiner sold 3,016 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $266.05, for a total value of $802,406.80. Following the completion of the transaction, the director now owns 16,040 shares in the company, valued at approximately $4,267,442. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kim Jabal sold 3,980 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total transaction of $897,689.00. Following the completion of the transaction, the director now owns 6,080 shares of the company’s stock, valued at approximately $1,371,344. The disclosure for this sale can be found here. Insiders sold a total of 68,671 shares of company stock valued at $17,137,160 in the last quarter. 8.45% of the stock is currently owned by insiders.
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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