Aperio Group LLC Has $44.93 Million Stake in FedEx Co. (FDX)
Aperio Group LLC reduced its position in FedEx Co. (NYSE:FDX) by 2.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 186,573 shares of the shipping service provider’s stock after selling 4,570 shares during the period. Aperio Group LLC owned about 0.07% of FedEx worth $44,925,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Vigilant Capital Management LLC acquired a new stake in FedEx in the 2nd quarter valued at about $114,000. Lenox Wealth Advisors LLC acquired a new stake in FedEx in the 3rd quarter valued at about $120,000. Fortis Advisors LLC lifted its stake in FedEx by 278.2% in the 2nd quarter. Fortis Advisors LLC now owns 503 shares of the shipping service provider’s stock valued at $115,000 after purchasing an additional 370 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in FedEx in the 2nd quarter valued at about $129,000. Finally, IMA Wealth Inc. acquired a new stake in FedEx in the 2nd quarter valued at about $136,000. Institutional investors and hedge funds own 72.77% of the company’s stock.
In other news, Director John A. Edwardson sold 1,160 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $242.35, for a total transaction of $281,126.00. Following the transaction, the director now directly owns 32,800 shares of the company’s stock, valued at $7,949,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Patricia Griffith bought 1,000 shares of the stock in a transaction dated Wednesday, October 17th. The shares were acquired at an average cost of $225.16 per share, for a total transaction of $225,160.00. The disclosure for this purchase can be found here. 8.50% of the stock is currently owned by company insiders.
Shares of FDX stock opened at $217.29 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.32 and a quick ratio of 1.26. The company has a market cap of $63.45 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 1.09 and a beta of 1.44. FedEx Co. has a 12-month low of $214.17 and a 12-month high of $274.66.
FedEx (NYSE:FDX) last issued its quarterly earnings data on Monday, September 17th. The shipping service provider reported $3.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.78 by ($0.32). FedEx had a return on equity of 23.71% and a net margin of 7.16%. The company had revenue of $17.05 billion for the quarter, compared to analyst estimates of $16.88 billion. During the same quarter last year, the business earned $2.65 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts anticipate that FedEx Co. will post 17.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 10th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 7th. This represents a $2.60 annualized dividend and a dividend yield of 1.20%. FedEx’s dividend payout ratio is presently 16.98%.
FedEx Company Profile
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
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