HBK Investments L P acquired a new stake in shares of FedEx Co. (NYSE:FDX) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,224 shares of the shipping service provider’s stock, valued at approximately $8,540,000.
A number of other institutional investors have also recently bought and sold shares of the stock. RNC Capital Management LLC increased its position in FedEx by 0.8% in the second quarter. RNC Capital Management LLC now owns 1,996 shares of the shipping service provider’s stock worth $434,000 after buying an additional 15 shares in the last quarter. Ingalls & Snyder LLC increased its position in FedEx by 2.4% in the fourth quarter. Ingalls & Snyder LLC now owns 8,119 shares of the shipping service provider’s stock worth $2,026,000 after buying an additional 193 shares in the last quarter. Bremer Trust National Association increased its position in FedEx by 2.6% in the fourth quarter. Bremer Trust National Association now owns 7,822 shares of the shipping service provider’s stock worth $1,952,000 after buying an additional 197 shares in the last quarter. Central Bank & Trust Co. increased its position in FedEx by 2.2% in the fourth quarter. Central Bank & Trust Co. now owns 9,345 shares of the shipping service provider’s stock worth $2,332,000 after buying an additional 201 shares in the last quarter. Finally, Cobiz Wealth LLC increased its position in FedEx by 0.8% in the fourth quarter. Cobiz Wealth LLC now owns 25,472 shares of the shipping service provider’s stock worth $6,356,000 after buying an additional 202 shares in the last quarter. Institutional investors own 74.65% of the company’s stock.
In related news, EVP Robert B. Carter sold 3,970 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $250.73, for a total transaction of $995,398.10. Following the completion of the transaction, the executive vice president now directly owns 187,025 shares of the company’s stock, valued at $46,892,778.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director David P. Steiner sold 3,016 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $266.05, for a total value of $802,406.80. Following the transaction, the director now directly owns 16,040 shares of the company’s stock, valued at $4,267,442. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,541 shares of company stock valued at $13,692,142. 8.45% of the stock is owned by corporate insiders.
FedEx Co. (NYSE FDX) opened at $250.77 on Wednesday. FedEx Co. has a one year low of $182.89 and a one year high of $274.66. The company has a market capitalization of $66,045.50, a P/E ratio of 23.11, a P/E/G ratio of 1.44 and a beta of 1.32. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.50 and a current ratio of 1.57.
FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.29. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The company had revenue of $16.30 billion during the quarter, compared to analyst estimates of $15.67 billion. During the same period in the prior year, the company earned $2.80 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. equities analysts anticipate that FedEx Co. will post 13.45 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Monday, March 12th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Friday, March 9th. FedEx’s payout ratio 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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