FedEx Corporation (FDX) Holdings Boosted by Calamos Advisors LLC
Calamos Advisors LLC boosted its holdings in FedEx Corporation (NYSE:FDX) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,782 shares of the shipping service provider’s stock after buying an additional 1,028 shares during the quarter. Calamos Advisors LLC’s holdings in FedEx Corporation were worth $8,428,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Riggs Asset Managment Co. Inc. raised its position in FedEx Corporation by 163.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock worth $105,000 after buying an additional 300 shares during the last quarter. Cribstone Capital Management LLC increased its position in shares of FedEx Corporation by 1.2% during the 2nd quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock valued at $107,000 after purchasing an additional 6 shares during the last quarter. FNY Managed Accounts LLC purchased a new stake in shares of FedEx Corporation during the 1st quarter valued at about $100,000. Alexandria Capital LLC increased its position in shares of FedEx Corporation by 2.5% during the 2nd quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after purchasing an additional 13 shares during the last quarter. Finally, Hefty Wealth Partners increased its position in shares of FedEx Corporation by 26.0% during the 2nd quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider’s stock valued at $136,000 after purchasing an additional 130 shares during the last quarter. 75.89% of the stock is owned by institutional investors and hedge funds.
Shares of FedEx Corporation (NYSE:FDX) opened at 222.22 on Friday. FedEx Corporation has a one year low of $168.00 and a one year high of $227.00. The stock has a market capitalization of $59.59 billion, a PE ratio of 20.95 and a beta of 1.31. The stock’s 50 day moving average price is $217.90 and its 200 day moving average price is $206.15.
FedEx Corporation (NYSE:FDX) last issued its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). The firm had revenue of $15.30 billion during the quarter, compared to analyst estimates of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.90 earnings per share. Equities research analysts predict that FedEx Corporation will post $12.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, September 8th. FedEx Corporation’s dividend payout ratio is presently 18.87%.
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In other news, CEO Michael L. Ducker sold 14,964 shares of FedEx Corporation stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $225.85, for a total value of $3,379,619.40. Following the sale, the chief executive officer now directly owns 53,397 shares of the company’s stock, valued at $12,059,712.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Donald F. Colleran sold 10,000 shares of FedEx Corporation stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. Following the completion of the sale, the executive vice president now directly owns 30,499 shares in the company, valued at $6,709,780. The disclosure for this sale can be found here. Insiders sold 27,172 shares of company stock worth $6,039,193 over the last ninety days. Corporate insiders own 8.45% of the company’s stock.
FDX has been the subject of several research reports. Vetr raised shares of FedEx Corporation from a “sell” rating to a “hold” rating and set a $206.26 price target for the company in a research report on Tuesday, June 20th. UBS AG reaffirmed a “buy” rating and set a $235.00 price target (up previously from $215.00) on shares of FedEx Corporation in a research report on Wednesday, June 21st. Credit Suisse Group upped their price target on shares of FedEx Corporation from $225.00 to $237.00 and gave the company an “outperform” rating in a research report on Wednesday, June 21st. Cowen and Company reaffirmed an “outperform” rating and set a $240.00 price target on shares of FedEx Corporation in a research report on Wednesday, June 21st. Finally, Stephens set a $246.00 price target on shares of FedEx Corporation and gave the company an “overweight” rating in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $228.26.
About FedEx Corporation
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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