Founders Monetary Securities LLC trimmed its stake in shares of FedEx Co. (NYSE:FDX – Free Report) by 4.8% within the second quarter, in accordance with the corporate in its most up-to-date submitting with the SEC. The agency owned 2,359 shares of the transport service supplier’s inventory after promoting 120 shares throughout the quarter. Founders Monetary Securities LLC’s holdings in FedEx have been value $707,000 as of its most up-to-date SEC submitting.
Numerous different institutional traders have additionally just lately modified their holdings of FDX. Fortis Group Advisors LLC lifted its place in shares of FedEx by 100.0% throughout the 4th quarter. Fortis Group Advisors LLC now owns 100 shares of the transport service supplier’s inventory valued at $25,000 after buying an extra 50 shares throughout the interval. Scarborough Advisors LLC purchased a brand new stake in shares of FedEx throughout the 4th quarter value $25,000. Personal Wealth Administration Group LLC purchased a brand new stake in shares of FedEx throughout the 4th quarter value $28,000. Sachetta LLC purchased a brand new stake in shares of FedEx throughout the 4th quarter value $32,000. Lastly, Northwest Monetary Advisors purchased a brand new stake in shares of FedEx throughout the 4th quarter value $33,000. 84.47% of the inventory is at present owned by institutional traders.
Analyst Scores Modifications
A number of brokerages just lately weighed in on FDX. Argus upped their value goal on FedEx from $325.00 to $335.00 and gave the inventory a “purchase” score in a analysis report on Thursday, June twenty seventh. Financial institution of America upped their value goal on FedEx from $340.00 to $347.00 and gave the inventory a “purchase” score in a analysis report on Wednesday, June twenty sixth. StockNews.com downgraded FedEx from a “strong-buy” score to a “purchase” score in a analysis report on Saturday, August twenty fourth. Raymond James dropped their goal value on FedEx from $325.00 to $300.00 and set an “outperform” score for the corporate in a analysis report on Monday, June twenty fourth. Lastly, Evercore ISI dropped their goal value on FedEx from $351.00 to $318.00 and set an “outperform” score for the corporate in a analysis report on Monday, June twenty fourth. One equities analysis analyst has rated the inventory with a promote score, six have given a maintain score and nineteen have assigned a purchase score to the corporate. In line with information from MarketBeat, the corporate at present has a median score of “Average Purchase” and a consensus value goal of $313.96.
View Our Newest Inventory Evaluation on FedEx
FedEx Buying and selling Down 0.3 %
Shares of FedEx inventory opened at $292.70 on Thursday. The corporate has a debt-to-equity ratio of 0.73, a fast ratio of 1.32 and a present ratio of 1.36. FedEx Co. has a 52 week low of $224.69 and a 52 week excessive of $313.84. The inventory has a 50 day transferring common value of $294.78 and a two-hundred day transferring common value of $271.45. The inventory has a market capitalization of $71.51 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 1.08 and a beta of 1.18.
FedEx (NYSE:FDX – Get Free Report) final introduced its quarterly earnings information on Tuesday, June twenty fifth. The transport service supplier reported $5.41 EPS for the quarter, beating analysts’ consensus estimates of $5.34 by $0.07. FedEx had a return on fairness of 16.70% and a web margin of 4.94%. The agency had income of $22.11 billion throughout the quarter, in comparison with analysts’ expectations of $22.04 billion. Throughout the identical quarter final yr, the agency posted $4.94 earnings per share. The corporate’s income for the quarter was up .8% in comparison with the identical quarter final yr. As a gaggle, equities analysts anticipate that FedEx Co. will publish 20.87 earnings per share for the present fiscal yr.
FedEx Declares Dividend
The corporate additionally just lately disclosed a quarterly dividend, which will probably be paid on Tuesday, October 1st. Shareholders of report on Monday, September ninth will probably be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, September ninth. This represents a $5.52 dividend on an annualized foundation and a yield of 1.89%. FedEx’s dividend payout ratio (DPR) is presently 32.04%.
Insider Shopping for and Promoting at FedEx
In associated information, CAO Man M. Erwin II bought 116 shares of FedEx inventory in a transaction that occurred on Wednesday, July third. The inventory was bought at a median value of $299.24, for a complete transaction of $34,711.84. Following the transaction, the chief accounting officer now owns 930 shares of the corporate’s inventory, valued at $278,293.20. The sale was disclosed in a authorized submitting with the SEC, which will be accessed by way of this hyperlink. In associated information, CAO Man M. Erwin II bought 116 shares of FedEx inventory in a transaction that occurred on Wednesday, July third. The inventory was bought at a median value of $299.24, for a complete transaction of $34,711.84. Following the transaction, the chief accounting officer now owns 930 shares of the corporate’s inventory, valued at $278,293.20. The sale was disclosed in a authorized submitting with the SEC, which will be accessed by way of this hyperlink. Additionally, EVP Brie Carere bought 1,958 shares of FedEx inventory in a transaction on Thursday, July 18th. The inventory was bought at a median value of $310.43, for a complete worth of $607,821.94. Following the sale, the chief vp now owns 19,937 shares within the firm, valued at $6,189,042.91. The disclosure for this sale will be discovered right here. During the last quarter, insiders bought 32,944 shares of firm inventory valued at $9,882,355. Firm insiders personal 8.73% of the corporate’s inventory.
About FedEx
FedEx Company gives transportation, e-commerce, and enterprise providers in the US and internationally. It operates by way of FedEx Categorical, FedEx Floor, FedEx Freight, and FedEx Companies segments. The FedEx Categorical section presents specific transportation, small-package floor supply, and freight transportation providers; and time-critical transportation providers.
Featured Articles
Wish to see what different hedge funds are holding FDX? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for FedEx Co. (NYSE:FDX – Free Report).
Obtain Information & Scores for FedEx Day by day – Enter your electronic mail tackle beneath to obtain a concise every day abstract of the most recent information and analysts’ rankings for FedEx and associated corporations with MarketBeat.com’s FREE every day electronic mail publication.
