2 weeks Ago By Defense World Staff
Brandes Investment Partners LP boosted its holdings in shares of FedEx Co. ( NYSE:FDX – Free Report ) by 9.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The institutional investor owned 596,814 shares of the shipping service provider’s stock after acquiring an additional 52,562 shares during the period. FedEx makes up approximately 2.2% of Brandes Investment Partners LP’s investment portfolio, making the stock its 8th largest holding.
Brandes Investment Partners LP owned 0.24% of FedEx worth $178,760,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.
Vanguard Group Inc. grew its position in shares of FedEx by 5.6% in the 1st quarter.
Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock valued at $5,756,602,000 after purchasing an additional 1,056,061 shares during the period. Capital International Investors boosted its holdings in shares of FedEx by 32.
5% in the first quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider’s stock valued at $2,558,718,000 after buying an additional 2,163,622 shares during the period. Putnam Investments LLC boosted its holdings in shares of FedEx by 38.
1% in the fourth quarter. Putnam Investments LLC now owns 2,893,781 shares of the shipping service provider’s stock valued at $732,040,000 after buying an additional 798,084 shares during the period. Mawer Investment Management Ltd.
raised its holdings in shares of FedEx by 43.5% during the first quarter. Mawer Investment Management Ltd.
now owns 2,258,579 shares of the shipping service provider’s stock worth $654,401,000 after acquiring an additional 684,679 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in FedEx by 34.
6% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock valued at $674,336,000 after acquiring an additional 578,350 shares in the last quarter.
84.47% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets Several analysts have issued reports on the company.
Hsbc Global Res downgraded FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. TD Cowen decreased their target price on shares of FedEx from $334.00 to $328.
00 and set a “buy” rating for the company in a research report on Friday, September 20th. Bernstein Bank increased their price objective on shares of FedEx from $305.00 to $337.
00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. HSBC lowered FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price on the stock.
in a report on Friday, September 20th. Finally, Susquehanna decreased their target price on shares of FedEx from $345.00 to $330.
00 and set a “positive” rating for the company in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $314.
74. FedEx Stock Performance Shares of FedEx stock opened at $267.55 on Monday.
The company has a 50 day moving average of $288.06 and a 200-day moving average of $275.67.
The company has a market cap of $65.84 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.
04 and a beta of 1.17. The company has a current ratio of 1.
28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.
FedEx Co. has a 1-year low of $224.69 and a 1-year high of $313.
84. FedEx ( NYSE:FDX – Get Free Report ) last announced its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.
60 earnings per share for the quarter, missing the consensus estimate of $4.82 by ($1.22).
FedEx had a return on equity of 15.61% and a net margin of 4.62%.
The business had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $21.87 billion.
During the same quarter in the prior year, the company earned $4.55 earnings per share. FedEx’s quarterly revenue was down .
5% compared to the same quarter last year. As a group, equities research analysts forecast that FedEx Co. will post 19.
66 earnings per share for the current fiscal year. FedEx Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be issued a dividend of $1.
38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.
06%. The ex-dividend date of this dividend is Monday, September 9th. FedEx’s payout ratio is 32.
04%. Insider Activity In other FedEx news, CAO Guy M. Erwin II sold 116 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd.
The stock was sold at an average price of $299.24, for a total value of $34,711.84.
Following the transaction, the chief accounting officer now directly owns 930 shares of the company’s stock, valued at $278,293.20. The sale was disclosed in a legal filing with the SEC, which is available through this link .
In other FedEx news, CEO Sriram Krishnasamy sold 8,421 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $310.14, for a total value of $2,611,688.
94. Following the transaction, the chief executive officer now owns 12,246 shares in the company, valued at $3,797,974.44.
The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink . Also, CAO Guy M. Erwin II sold 116 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd.
The shares were sold at an average price of $299.24, for a total value of $34,711.84.
Following the sale, the chief accounting officer now owns 930 shares of the company’s stock, valued at approximately $278,293.20. The disclosure for this sale can be found here .
Insiders have sold 14,399 shares of company stock valued at $4,420,615 in the last ninety days. 8.73% of the stock is owned by company insiders.
About FedEx ( Free Report ) FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.
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