Heritage Investors Management Corp Sells 533 Shares of FedEx Corporation (FDX)
Heritage Investors Management Corp decreased its position in shares of FedEx Corporation (NYSE:FDX) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,894 shares of the shipping service provider’s stock after selling 533 shares during the period. Heritage Investors Management Corp’s holdings in FedEx Corporation were worth $13,017,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. FNY Managed Accounts LLC purchased a new stake in shares of FedEx Corporation during the first quarter valued at $100,000. Alexandria Capital LLC increased its stake in shares of FedEx Corporation by 2.1% in the first quarter. Alexandria Capital LLC now owns 527 shares of the shipping service provider’s stock valued at $103,000 after buying an additional 11 shares during the period. Brick & Kyle Associates increased its stake in shares of FedEx Corporation by 1.5% in the first quarter. Brick & Kyle Associates now owns 674 shares of the shipping service provider’s stock valued at $132,000 after buying an additional 10 shares during the period. Hefty Wealth Partners increased its stake in shares of FedEx Corporation by 26.0% in the second quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider’s stock valued at $136,000 after buying an additional 130 shares during the period. Finally, Patten Group Inc. increased its stake in shares of FedEx Corporation by 700.0% in the first quarter. Patten Group Inc. now owns 760 shares of the shipping service provider’s stock valued at $149,000 after buying an additional 665 shares during the period. Hedge funds and other institutional investors own 75.86% of the company’s stock.
FedEx Corporation (NYSE FDX) traded up 0.31% on Friday, reaching $215.05. 825,644 shares of the company’s stock were exchanged. The company has a market capitalization of $57.69 billion, a P/E ratio of 19.43 and a beta of 1.28. The firm has a 50-day moving average price of $209.73 and a 200-day moving average price of $200.67. FedEx Corporation has a 1-year low of $158.20 and a 1-year high of $219.99.
FedEx Corporation (NYSE:FDX) last released its earnings results on Tuesday, June 20th. The shipping service provider reported $4.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.88 by $0.37. FedEx Corporation had a net margin of 4.97% and a return on equity of 22.19%. The company had revenue of $15.70 billion during the quarter, compared to analysts’ expectations of $15.56 billion. During the same quarter last year, the business earned $3.30 EPS. The business’s revenue was up 21.0% on a year-over-year basis. Equities research analysts expect that FedEx Corporation will post $13.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Monday, September 11th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, September 8th. FedEx Corporation’s dividend payout ratio (DPR) is presently 18.08%.
ILLEGAL ACTIVITY WARNING: “Heritage Investors Management Corp Sells 533 Shares of FedEx Corporation (FDX)” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another domain, it was illegally copied and republished in violation of US & international copyright & trademark legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/09/02/heritage-investors-management-corp-sells-533-shares-of-fedex-corporation-fdx.html.
FDX has been the subject of several recent analyst reports. Vetr downgraded shares of FedEx Corporation from a “buy” rating to a “hold” rating and set a $195.86 target price for the company. in a research note on Monday, May 8th. Zacks Investment Research upgraded shares of FedEx Corporation from a “hold” rating to a “buy” rating and set a $215.00 target price for the company in a research note on Tuesday, May 23rd. ValuEngine upgraded shares of FedEx Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, June 3rd. Seaport Global Securities initiated coverage on shares of FedEx Corporation in a research note on Tuesday, June 6th. They issued a “neutral” rating for the company. Finally, Stifel Nicolaus raised their target price on shares of FedEx Corporation from $194.00 to $216.00 and gave the company a “hold” rating in a research note on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty-two have issued a buy rating to the company. FedEx Corporation has an average rating of “Buy” and an average price target of $221.72.
In other news, Director Kim Jabal sold 5,918 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $216.05, for a total value of $1,278,583.90. Following the completion of the sale, the director now owns 3,610 shares in the company, valued at approximately $779,940.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John A. Edwardson sold 2,208 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $208.14, for a total transaction of $459,573.12. Following the completion of the sale, the director now owns 30,608 shares of the company’s stock, valued at approximately $6,370,749.12. The disclosure for this sale can be found here. Insiders sold a total of 77,757 shares of company stock valued at $16,447,426 in the last 90 days. Company insiders own 8.45% of the company’s stock.
FedEx Corporation 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.
Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Corporation (NYSE:FDX).
Receive News & Stock Ratings for FedEx Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Corporation and related stocks with our FREE daily email newsletter.