ETRADE Capital Management LLC acquired a new stake in FedEx Co. (NYSE:FDX) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,067 shares of the shipping service provider’s stock, valued at approximately $1,015,000.
Several other hedge funds have also made changes to their positions in FDX. Ameriprise Financial Inc. increased its position in shares of FedEx by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,925,763 shares of the shipping service provider’s stock worth $885,594,000 after purchasing an additional 266,660 shares in the last quarter. Jennison Associates LLC increased its position in shares of FedEx by 47.4% during the 4th quarter. Jennison Associates LLC now owns 3,687,689 shares of the shipping service provider’s stock worth $920,226,000 after purchasing an additional 1,185,447 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of FedEx by 3.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,612,357 shares of the shipping service provider’s stock worth $814,875,000 after purchasing an additional 116,500 shares in the last quarter. Geode Capital Management LLC increased its position in shares of FedEx by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 2,392,806 shares of the shipping service provider’s stock worth $595,716,000 after purchasing an additional 73,830 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of FedEx by 7.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,427,819 shares of the shipping service provider’s stock worth $356,298,000 after purchasing an additional 93,956 shares in the last quarter. Institutional investors own 73.94% of the company’s stock.
In other news, EVP Robert B. Carter sold 3,970 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $250.73, for a total value of $995,398.10. Following the transaction, the executive vice president now owns 187,025 shares of the company’s stock, valued at approximately $46,892,778.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO David J. Bronczek sold 46,555 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the completion of the transaction, the chief operating officer now directly owns 48,562 shares in the company, valued at approximately $12,407,105.38. The disclosure for this sale can be found here. Insiders sold a total of 53,541 shares of company stock worth $13,692,142 in the last ninety days. Insiders own 8.45% of the company’s stock.
FedEx Co. (NYSE:FDX) opened at $247.12 on Friday. The stock has a market cap of $64,419.41, a PE ratio of 19.57, a PEG ratio of 1.40 and a beta of 1.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50. FedEx Co. has a one year low of $182.89 and a one year high of $274.66.
FedEx (NYSE:FDX) last issued its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.29. The company had revenue of $16.30 billion for 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 revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.80 EPS. sell-side analysts expect that FedEx Co. will post 13.45 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 12th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, March 9th. FedEx’s dividend payout ratio (DPR) is presently 18.43%.
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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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