FedEx Corp. (FDX) Position Increased by Delta Lloyd NV
Delta Lloyd NV increased its position in shares of FedEx Corp. (NYSE:FDX) by 9.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,509 shares of the shipping service provider’s stock after buying an additional 1,890 shares during the period. Delta Lloyd NV’s holdings in FedEx Corp. were worth $3,757,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of FDX. Atria Investments LLC acquired a new stake in shares of FedEx Corp. during the second quarter valued at about $241,000. Central Bank & Trust Co. boosted its stake in shares of FedEx Corp. by 10.6% in the second quarter. Central Bank & Trust Co. now owns 7,841 shares of the shipping service provider’s stock valued at $1,190,000 after buying an additional 754 shares in the last quarter. Capital Insight Partners LLC boosted its stake in shares of FedEx Corp. by 1.6% in the second quarter. Capital Insight Partners LLC now owns 16,050 shares of the shipping service provider’s stock valued at $2,436,000 after buying an additional 260 shares in the last quarter. Trust Co boosted its stake in shares of FedEx Corp. by 0.7% in the first quarter. Trust Co now owns 7,485 shares of the shipping service provider’s stock valued at $1,218,000 after buying an additional 50 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its stake in shares of FedEx Corp. by 3.5% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 64,618 shares of the shipping service provider’s stock valued at $9,808,000 after buying an additional 2,210 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.
FedEx Corp. (NYSE:FDX) traded up 0.71% during midday trading on Wednesday, reaching $191.67. The company’s stock had a trading volume of 1,533,490 shares. The company’s 50-day moving average price is $178.58 and its 200-day moving average price is $167.08. The company has a market capitalization of $50.94 billion, a price-to-earnings ratio of 28.67 and a beta of 1.14. FedEx Corp. has a 1-year low of $119.71 and a 1-year high of $192.58.
FedEx Corp. (NYSE:FDX) last issued its quarterly earnings results on Tuesday, September 20th. The shipping service provider reported $2.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.81 by $0.09. FedEx Corp. had a return on equity of 21.65% and a net margin of 3.49%. The business earned $14.70 billion during the quarter. During the same quarter last year, the firm posted $2.42 earnings per share. FedEx Corp.’s revenue was up 19.5% compared to the same quarter last year. On average, analysts predict that FedEx Corp. will post $12.15 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Monday, December 12th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, December 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.83%. FedEx Corp.’s dividend payout ratio (DPR) is 23.99%.
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Several brokerages have recently issued reports on FDX. Vetr cut shares of FedEx Corp. from a “buy” rating to a “hold” rating and set a $199.16 price target on the stock. in a research report on Monday. Deutsche Bank AG started coverage on shares of FedEx Corp. in a report on Thursday, November 24th. They issued a “buy” rating on the stock. BMO Capital Markets started coverage on shares of FedEx Corp. in a report on Thursday, November 17th. They issued a “market perform” rating and a $190.00 target price on the stock. Stifel Nicolaus cut shares of FedEx Corp. from a “buy” rating to a “hold” rating and set a $186.00 target price on the stock. in a report on Tuesday, November 15th. They noted that the move was a valuation call. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $185.00 target price on shares of FedEx Corp. in a report on Friday, September 23rd. Twelve research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $179.22.
In related news, VP John L. Merino sold 10,280 shares of the company’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $181.72, for a total transaction of $1,868,081.60. Following the completion of the transaction, the vice president now directly owns 29,722 shares in the company, valued at approximately $5,401,081.84. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David J. Bronczek sold 32,669 shares of the company’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $176.30, for a total value of $5,759,544.70. Following the transaction, the chief executive officer now owns 85,356 shares of the company’s stock, valued at $15,048,262.80. The disclosure for this sale can be found here. Corporate insiders own 8.67% of the company’s stock.
FedEx Corp. 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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