3 days Ago By ABMN Staff
Zions Bancorporation N.A. reduced its position in FedEx Co.
( NYSE:FDX – Free Report ) by 46.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 232 shares of the shipping service provider’s stock after selling 203 shares during the quarter.
Zions Bancorporation N.A.’s holdings in FedEx were worth $70,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of FedEx during the 4th quarter worth approximately $700,291,000. Capital International Investors increased its stake in FedEx by 32.
5% in the first quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider’s stock worth $2,558,718,000 after purchasing an additional 2,163,622 shares during the period. Sentry LLC purchased a new stake in shares of FedEx during the fourth quarter valued at $307,007,000.
Vanguard Group Inc. boosted its stake in shares of FedEx by 5.6% during the first 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. Finally, Putnam Investments LLC grew 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 worth $732,040,000 after purchasing an additional 798,084 shares during the last quarter. Institutional investors own 84.
47% of the company’s stock. Insider Activity In related news, EVP Robert B. Carter sold 16,010 shares of the firm’s stock in a transaction on Friday, June 28th.
The shares were sold at an average price of $294.48, for a total transaction of $4,714,624.80.
Following the completion of the transaction, the executive vice president now owns 59,884 shares of the company’s stock, valued at $17,634,640.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website .
In related news, Director Paul S. Walsh sold 2,535 shares of FedEx stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $294.
72, for a total transaction of $747,115.20. Following the completion of the transaction, the director now directly owns 14,745 shares in the company, valued at $4,345,646.
40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink . Also, EVP Robert B.
Carter sold 16,010 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $294.48, for a total value of $4,714,624.
80. Following the completion of the sale, the executive vice president now owns 59,884 shares in the company, valued at approximately $17,634,640.32.
The disclosure for this sale can be found here . Insiders have sold 32,944 shares of company stock valued at $9,882,355 in the last ninety days. Insiders own 8.
73% of the company’s stock. Wall Street Analysts Forecast Growth View Our Latest Report on FDX FedEx Trading Up 0.1 % NYSE:FDX opened at $286.
38 on Monday. FedEx Co. has a 12 month low of $224.
69 and a 12 month high of $313.84. The firm has a fifty day simple moving average of $293.
17 and a 200-day simple moving average of $273.79. The company has a current ratio of 1.
36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73.
The company has a market capitalization of $70.47 billion, a P/E ratio of 16.62, a PEG ratio of 1.
03 and a beta of 1.17. FedEx ( NYSE:FDX – Get Free Report ) last issued its earnings results on Tuesday, June 25th.
The shipping service provider reported $5.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.34 by $0.
07. FedEx had a return on equity of 16.70% and a net margin of 4.
94%. The company had revenue of $22.11 billion during the quarter, compared to analyst estimates of $22.
04 billion. During the same quarter last year, the business posted $4.94 EPS.
The firm’s quarterly revenue was up .8% on a year-over-year basis. On average, equities research analysts anticipate that FedEx Co.
will post 20.82 earnings per share for the current year. FedEx Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st.
Shareholders of record on Monday, September 9th will be given a dividend of $1.38 per share. This represents a $5.
52 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Monday, September 9th.
FedEx’s dividend payout ratio is presently 32.04%. 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. Further Reading Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.
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