2 weeks Ago By ABMN Staff
Twin Lakes Capital Management LLC lessened its stake in FedEx Co. ( NYSE:FDX – Free Report ) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC.
The firm owned 19,294 shares of the shipping service provider’s stock after selling 154 shares during the period. FedEx comprises 3.3% of Twin Lakes Capital Management LLC’s portfolio, making the stock its 3rd biggest holding.
Twin Lakes Capital Management LLC’s holdings in FedEx were worth $5,785,000 as of its most recent filing with the SEC. A number of other institutional investors have also added to or reduced their stakes in FDX. Scarborough Advisors LLC acquired a new stake in shares of FedEx during the 4th quarter worth approximately $25,000.
Fortis Group Advisors LLC boosted its stake in FedEx by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock worth $25,000 after buying an additional 50 shares in the last quarter.
Central Valley Advisors LLC bought a new stake in FedEx in the 2nd quarter valued at $39,000. Abound Wealth Management raised its stake in shares of FedEx by 175.9% in the 2nd quarter.
Abound Wealth Management now owns 149 shares of the shipping service provider’s stock valued at $45,000 after buying an additional 95 shares in the last quarter. Finally, Sachetta LLC lifted its holdings in shares of FedEx by 29.1% during the 2nd quarter.
Sachetta LLC now owns 164 shares of the shipping service provider’s stock worth $49,000 after acquiring an additional 37 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at FedEx In other FedEx news, CAO Guy M. Erwin II sold 116 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $299.
24, for a total transaction of $34,711.84. Following the completion of the sale, the chief accounting officer now owns 930 shares in the company, valued at approximately $278,293.
20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . In other news, EVP Brie Carere sold 1,958 shares of the business’s stock in a transaction dated Thursday, July 18th.
The stock was sold at an average price of $310.43, for a total transaction of $607,821.94.
Following the completion of the transaction, the executive vice president now directly owns 19,937 shares in the company, valued at approximately $6,189,042.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .
Also, CAO Guy M. Erwin II sold 116 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $299.
24, for a total transaction of $34,711.84. Following the completion of the sale, the chief accounting officer now owns 930 shares in the company, valued at $278,293.
20. The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 14,399 shares of company stock valued at $4,420,615.
8.73% of the stock is currently owned by insiders. FedEx Stock Up 0.
5 % FedEx ( NYSE:FDX – Get Free Report ) last posted its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.
82 by ($1.22). FedEx had a net margin of 4.
62% and a return on equity of 15.61%. The firm had revenue of $21.
58 billion during the quarter, compared to the consensus estimate of $21.87 billion. During the same quarter in the prior year, the business earned $4.
55 EPS. FedEx’s revenue was down .5% on a year-over-year basis.
On average, analysts predict that FedEx Co. will post 19.66 earnings per share for the current year.
FedEx Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 9th will be issued a $1.38 dividend.
The ex-dividend date of this dividend is Monday, September 9th. This represents a $5.52 annualized dividend and a yield of 2.
06%. FedEx’s dividend payout ratio is currently 32.04%.
Analyst Ratings Changes A number of analysts recently weighed in on FDX shares. Morgan Stanley cut shares of FedEx from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $215.00 to $200.
00 in a research note on Friday, September 20th. Bank of America dropped their target price on FedEx from $347.00 to $345.
00 and set a “buy” rating for the company in a report on Wednesday, September 18th. Loop Capital decreased their price target on FedEx from $317.00 to $288.
00 and set a “hold” rating on the stock in a research note on Monday, September 23rd. HSBC lowered FedEx from a “buy” rating to a “hold” rating and set a $300.00 price objective for the company.
in a research note on Friday, September 20th. Finally, StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research note on Saturday.
Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and an average price target of $314.
74. Get Our Latest Stock Analysis on FedEx FedEx Company Profile ( 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. Featured Stories Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co.
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