FedEx Co. (FDX) Shares Bought by Bingham Osborn & Scarborough LLC
Bingham Osborn & Scarborough LLC raised its holdings in FedEx Co. (NYSE:FDX) by 41.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,689 shares of the shipping service provider’s stock after purchasing an additional 495 shares during the period. Bingham Osborn & Scarborough LLC’s holdings in FedEx were worth $381,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. FNY Managed Accounts LLC acquired a new stake in shares of FedEx in the first quarter worth approximately $100,000. Salem Investment Counselors Inc. boosted its stake in shares of FedEx by 2.8% in the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after acquiring an additional 13 shares during the last quarter. Krilogy Financial LLC boosted its stake in shares of FedEx by 0.4% in the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock worth $111,000 after acquiring an additional 2 shares during the last quarter. Alexandria Capital LLC boosted its stake in shares of FedEx by 2.5% in the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock worth $117,000 after acquiring an additional 13 shares during the last quarter. Finally, Hefty Wealth Partners boosted its stake in shares of FedEx by 26.0% in the second quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider’s stock worth $136,000 after acquiring an additional 130 shares during the last quarter. 75.74% of the stock is currently owned by hedge funds and other institutional investors.
Shares of FedEx Co. (FDX) opened at $230.84 on Friday. FedEx Co. has a 1 year low of $182.89 and a 1 year high of $233.89. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $62,065.47, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.46 and a beta of 1.36.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be given a $0.50 dividend. The ex-dividend date is Friday, December 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. FedEx’s dividend payout ratio is currently 18.87%.
A number of analysts have recently issued reports on the company. Barclays reaffirmed an “overweight” rating and issued a $270.00 price target (up from $230.00) on shares of FedEx in a research note on Thursday. They noted that the move was a valuation call. Cowen reaffirmed an “outperform” rating and issued a $240.00 price target on shares of FedEx in a research note on Friday, October 13th. Oppenheimer reaffirmed a “buy” rating and issued a $236.00 price target on shares of FedEx in a research note on Friday, October 20th. J P Morgan Chase & Co lifted their price target on FedEx from $237.00 to $264.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Finally, Zacks Investment Research downgraded FedEx from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $231.81.
In other FedEx news, Director Kim Jabal sold 3,980 shares of FedEx stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total value of $897,689.00. Following the sale, the director now owns 6,080 shares in the company, valued at $1,371,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Henry J. Maier sold 11,150 shares of FedEx stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total value of $2,547,329.00. Following the completion of the sale, the insider now owns 36,747 shares in the company, valued at approximately $8,395,219.62. The disclosure for this sale can be found here. Insiders sold 40,094 shares of company stock worth $9,024,637 in the last 90 days. Company insiders own 8.45% of the company’s stock.
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FedEx 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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