Segall Bryant & Hamill LLC Has $1.51 Million Holdings in FedEx Co. (FDX)
Segall Bryant & Hamill LLC trimmed its position in shares of FedEx Co. (NYSE:FDX) by 14.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,709 shares of the shipping service provider’s stock after selling 1,090 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in FedEx were worth $1,513,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in FDX. Vanguard Group Inc. increased its holdings in shares of FedEx by 2.7% during the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock valued at $4,018,446,000 after acquiring an additional 492,840 shares in the last quarter. FMR LLC increased its holdings in FedEx by 0.3% in the 2nd quarter. FMR LLC now owns 4,530,154 shares of the shipping service provider’s stock worth $984,539,000 after buying an additional 15,382 shares during the period. Ameriprise Financial Inc. increased its holdings in FedEx by 7.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,925,763 shares of the shipping service provider’s stock worth $885,594,000 after buying an additional 266,660 shares during the period. Capital World Investors increased its holdings in FedEx by 16.1% in the 2nd quarter. Capital World Investors now owns 3,614,899 shares of the shipping service provider’s stock worth $785,626,000 after buying an additional 501,617 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in FedEx by 3.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,612,357 shares of the shipping service provider’s stock worth $814,875,000 after buying an additional 116,500 shares during the period. 75.60% of the stock is owned by institutional investors and hedge funds.
FedEx Co. (NYSE:FDX) opened at $242.54 on Wednesday. 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 firm has a market capitalization of $64,867.61, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 1.52 and a beta of 1.36. FedEx Co. has a fifty-two week low of $182.89 and a fifty-two week high of $243.75.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, December 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. FedEx’s dividend payout ratio is presently 18.87%.
Several equities analysts recently weighed in on FDX shares. Wells Fargo & Company increased their price target on shares of FedEx from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, September 21st. Citigroup increased their price target on shares of FedEx to $275.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Credit Suisse Group reaffirmed an “outperform” rating and set a $233.00 price objective (down previously from $242.00) on shares of FedEx in a research note on Friday, September 15th. Bank of America reaffirmed a “buy” rating and set a $247.00 price objective (up previously from $240.00) on shares of FedEx in a research note on Friday, October 6th. Finally, Zacks Investment Research cut shares of FedEx from a “hold” rating to a “sell” rating in a research note on Monday, November 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have assigned a buy rating to the company. FedEx presently has an average rating of “Buy” and an average target price of $239.21.
In other 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 transaction of $897,689.00. Following the transaction, the director now owns 6,080 shares in the company, valued at approximately $1,371,344. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Donald F. Colleran sold 10,000 shares of FedEx stock in a transaction 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 transaction, the executive vice president now owns 30,499 shares in the company, valued at approximately $6,709,780. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,094 shares of company stock worth $9,024,637. Insiders own 8.45% of the company’s stock.
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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