Stonebrook Personal Inc. purchased a brand new place in shares of FedEx Co. (NYSE:FDX – Free Report) within the 2nd quarter, in response to the corporate in its most up-to-date submitting with the Securities and Alternate Fee (SEC). The agency purchased 687 shares of the transport service supplier’s inventory, valued at roughly $206,000.
A number of different institutional traders and hedge funds additionally not too long ago added to or lowered their stakes within the enterprise. Letko Brosseau & Associates Inc. grew its stake in FedEx by 2.5% throughout the second quarter. Letko Brosseau & Associates Inc. now owns 149,150 shares of the transport service supplier’s inventory valued at $44,721,000 after buying a further 3,570 shares within the final quarter. Matthew 25 Administration Corp grew its place in shares of FedEx by 2.0% throughout the second quarter. Matthew 25 Administration Corp now owns 103,500 shares of the transport service supplier’s inventory valued at $31,033,000 after buying a further 2,000 shares within the final quarter. Illinois Municipal Retirement Fund elevated its holdings in shares of FedEx by 44.8% within the second quarter. Illinois Municipal Retirement Fund now owns 74,275 shares of the transport service supplier’s inventory price $22,271,000 after buying a further 22,969 shares over the last quarter. Cullen Frost Bankers Inc. lifted its place in shares of FedEx by 3.3% within the second quarter. Cullen Frost Bankers Inc. now owns 6,718 shares of the transport service supplier’s inventory price $2,014,000 after shopping for a further 217 shares within the final quarter. Lastly, Intelligence Pushed Advisers LLC purchased a brand new place in FedEx throughout the second quarter valued at roughly $248,000. Institutional traders personal 84.47% of the corporate’s inventory.
Insider Exercise
In associated information, EVP Robert B. Carter bought 16,010 shares of the corporate’s inventory in a transaction dated Friday, June twenty eighth. The shares had been bought at a mean worth of $294.48, for a complete worth of $4,714,624.80. Following the completion of the sale, the manager vp now instantly owns 59,884 shares of the corporate’s inventory, valued at $17,634,640.32. The transaction was disclosed in a authorized submitting with the SEC, which will be accessed by means of this hyperlink. In different information, Director Paul S. Walsh bought 2,535 shares of the enterprise’s inventory in a transaction on Friday, June twenty eighth. The inventory was bought at a mean worth of $294.72, for a complete worth of $747,115.20. Following the completion of the transaction, the director now instantly owns 14,745 shares of the corporate’s inventory, valued at roughly $4,345,646.40. The transaction was disclosed in a submitting with the SEC, which is offered at this hyperlink. Additionally, EVP Robert B. Carter bought 16,010 shares of the agency’s inventory in a transaction dated Friday, June twenty eighth. The shares had been bought at a mean worth of $294.48, for a complete worth of $4,714,624.80. Following the sale, the manager vp now instantly owns 59,884 shares within the firm, valued at roughly $17,634,640.32. The disclosure for this sale will be discovered right here. During the last 90 days, insiders have bought 32,944 shares of firm inventory price $9,882,355. Firm insiders personal 8.73% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Various analysis corporations not too long ago weighed in on FDX. Wells Fargo & Firm raised their goal worth on shares of FedEx from $275.00 to $300.00 and gave the corporate an “equal weight” score in a report on Wednesday, June twenty sixth. UBS Group lowered their goal worth on shares of FedEx from $340.00 to $333.00 and set a “purchase” score on the inventory in a report on Tuesday, Might twenty first. Argus upped their goal worth on shares of FedEx from $325.00 to $335.00 and gave the corporate a “purchase” score in a analysis report on Thursday, June twenty seventh. Raymond James dropped their worth goal 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, The Goldman Sachs Group upped their worth goal on FedEx from $316.00 to $333.00 and gave the corporate a “purchase” score in a analysis report on Wednesday, June twenty sixth. One funding analyst has rated the inventory with a promote score, six have given a maintain score and nineteen have given a purchase score to the inventory. In accordance with knowledge from MarketBeat.com, the inventory at present has a consensus score of “Reasonable Purchase” and a mean worth goal of $313.96.
View Our Newest Report on FedEx
FedEx Buying and selling Down 0.8 %
Shares of FDX opened at $283.04 on Friday. The agency has a market capitalization of $69.65 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.08 and a beta of 1.17. The corporate has a debt-to-equity ratio of 0.73, a present ratio of 1.36 and a fast ratio of 1.32. FedEx Co. has a 1-year low of $224.69 and a 1-year excessive of $313.84. The corporate has a 50-day transferring common of $294.25 and a 200 day transferring common of $272.09.
FedEx (NYSE:FDX – Get Free Report) final issued its earnings outcomes on Tuesday, June twenty fifth. The transport service supplier reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.34 by $0.07. FedEx had a internet margin of 4.94% and a return on fairness of 16.70%. The enterprise had income of $22.11 billion for the quarter, in comparison with analyst estimates of $22.04 billion. Throughout the identical interval final 12 months, the corporate posted $4.94 earnings per share. The corporate’s quarterly income was up .8% in comparison with the identical quarter final 12 months. On common, analysis analysts anticipate that FedEx Co. will put up 20.87 EPS for the present 12 months.
FedEx Pronounces Dividend
The corporate additionally not too long ago declared a quarterly dividend, which will likely be paid on Tuesday, October 1st. Stockholders of file on Monday, September ninth will likely be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized foundation and a dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, September ninth. FedEx’s payout ratio is 32.04%.
FedEx Firm Profile
FedEx Company supplies transportation, e-commerce, and enterprise companies in the US and internationally. It operates by means of FedEx Specific, FedEx Floor, FedEx Freight, and FedEx Companies segments. The FedEx Specific phase gives categorical transportation, small-package floor supply, and freight transportation companies; and time-critical transportation companies.
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