Zeke Capital Advisors LLC Grows Holdings in FedEx Co. (FDX)
Zeke Capital Advisors LLC grew its holdings in shares of FedEx Co. (NYSE:FDX) by 31.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,958 shares of the shipping service provider’s stock after buying an additional 709 shares during the quarter. Zeke Capital Advisors LLC’s holdings in FedEx were worth $667,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in FDX. Davidson Investment Advisors raised its position in shares of FedEx by 1.5% during the 1st quarter. Davidson Investment Advisors now owns 23,457 shares of the shipping service provider’s stock valued at $4,575,000 after buying an additional 343 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of FedEx by 3.3% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 83,800 shares of the shipping service provider’s stock valued at $16,371,000 after buying an additional 2,700 shares in the last quarter. Johnson Financial Group Inc. raised its position in shares of FedEx by 18.4% during the 1st quarter. Johnson Financial Group Inc. now owns 8,826 shares of the shipping service provider’s stock valued at $1,722,000 after buying an additional 1,370 shares in the last quarter. Northside Capital Management LLC purchased a new stake in shares of FedEx during the 1st quarter valued at about $1,749,000. Finally, Lazard Asset Management LLC raised its position in shares of FedEx by 127.9% during the 1st quarter. Lazard Asset Management LLC now owns 130,828 shares of the shipping service provider’s stock valued at $25,529,000 after buying an additional 73,424 shares in the last quarter. Hedge funds and other institutional investors own 75.73% of the company’s stock.
Several analysts have recently issued reports on FDX shares. Wells Fargo & Company upped their target price on shares of FedEx from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, September 21st. Citigroup increased their price objective on shares of FedEx to $275.00 and gave the stock a “buy” rating in a research report on Tuesday. Credit Suisse Group reissued an “outperform” rating and issued a $233.00 price objective (down from $242.00) on shares of FedEx in a research report on Friday, September 15th. Bank of America reissued a “buy” rating and issued a $247.00 price objective (up from $240.00) on shares of FedEx in a research report on Friday, October 6th. Finally, Zacks Investment Research lowered shares of FedEx from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have issued a buy rating to the company. FedEx has a consensus rating of “Buy” and an average target price of $233.41.
FedEx Co. (NYSE:FDX) opened at $242.02 on Thursday. The company has a market cap of $64,221.38, a P/E ratio of 20.11, a PEG ratio of 1.51 and a beta of 1.36. FedEx Co. has a 1 year low of $182.89 and a 1 year high of $243.48. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.57 and a current ratio of 1.63.
FedEx (NYSE:FDX) last issued its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). The company had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.35 billion. FedEx had a return on equity of 20.69% and a net margin of 4.72%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same period last year, the business posted $2.90 earnings per share. research analysts anticipate that FedEx Co. will post 12.47 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, December 8th. FedEx’s dividend payout ratio (DPR) is presently 18.87%.
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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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