Kistler Tiffany Companies LLC Purchases 792 Shares of FedEx Co. (FDX)
Kistler Tiffany Companies LLC boosted its position in FedEx Co. (NYSE:FDX) by 17.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,437 shares of the shipping service provider’s stock after acquiring an additional 792 shares during the period. Kistler Tiffany Companies LLC’s holdings in FedEx were worth $1,309,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the stock. Vigilant Capital Management LLC bought a new position in FedEx during the second quarter worth about $114,000. Moneta Group Investment Advisors LLC boosted its holdings in FedEx by 14,117.1% during the second quarter. Moneta Group Investment Advisors LLC now owns 63,835 shares of the shipping service provider’s stock worth $114,000 after buying an additional 63,386 shares during the last quarter. Fortis Advisors LLC boosted its holdings in FedEx by 278.2% during the second quarter. Fortis Advisors LLC now owns 503 shares of the shipping service provider’s stock worth $115,000 after buying an additional 370 shares during the last quarter. Lenox Wealth Advisors LLC bought a new position in FedEx during the third quarter worth about $120,000. Finally, Qube Research & Technologies Ltd bought a new position in FedEx during the second quarter worth about $129,000. Institutional investors and hedge funds own 72.85% of the company’s stock.
In other news, Director Susan Patricia Griffith bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 17th. The shares were acquired at an average price of $225.16 per share, with a total value of $225,160.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John A. Edwardson sold 1,160 shares of FedEx stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $242.35, for a total value of $281,126.00. Following the completion of the sale, the director now directly owns 32,800 shares in the company, valued at approximately $7,949,080. The disclosure for this sale can be found here. 8.45% of the stock is currently owned by company insiders.
Shares of FedEx stock opened at $217.29 on Friday. FedEx Co. has a 52-week low of $214.17 and a 52-week high of $274.66. The company has a market capitalization of $58.89 billion, a P/E ratio of 14.19, a PEG ratio of 1.01 and a beta of 1.44. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 0.79.
FedEx (NYSE:FDX) last announced its earnings results on Monday, September 17th. The shipping service provider reported $3.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.78 by ($0.32). FedEx had a net margin of 7.16% and a return on equity of 23.71%. The firm had revenue of $17.05 billion during the quarter, compared to analyst estimates of $16.88 billion. During the same period in the prior year, the business posted $2.65 EPS. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. Research analysts forecast that FedEx Co. will post 17.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Monday, September 10th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Friday, September 7th. 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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