Ayalon Holdings Ltd. Lowers Stake in FedEx Co. (NYSE:FDX)
Ayalon Holdings Ltd. cut its position in shares of FedEx Co. (NYSE:FDX) by 13.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 320 shares of the shipping service provider’s stock after selling 51 shares during the quarter. Ayalon Holdings Ltd.’s holdings in FedEx were worth $91,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. OLD Mission Capital LLC purchased a new stake in FedEx in the third quarter valued at approximately $219,000. IHT Wealth Management LLC raised its holdings in FedEx by 1.8% in the third quarter. IHT Wealth Management LLC now owns 2,324 shares of the shipping service provider’s stock valued at $584,000 after acquiring an additional 40 shares in the last quarter. Jeppson Wealth Management LLC acquired a new stake in FedEx in the third quarter valued at $38,000. Eudaimonia Partners LLC acquired a new stake in FedEx in the third quarter valued at $62,000. Finally, Brinker Capital Investments LLC acquired a new stake in FedEx in the third quarter valued at $3,020,000. Institutional investors and hedge funds own 72.74% of the company’s stock.
In other FedEx news, CEO Donald F. Colleran sold 17,150 shares of the business’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $300.52, for a total value of $5,153,918.00. Following the sale, the chief executive officer now owns 56,204 shares in the company, valued at approximately $16,890,426.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jill Brannon sold 1,101 shares of the company’s stock in a transaction that occurred on Monday, May 3rd. The stock was sold at an average price of $303.00, for a total value of $333,603.00. Following the sale, the executive vice president now owns 5,511 shares in the company, valued at approximately $1,669,833. The disclosure for this sale can be found here. Insiders have sold a total of 133,251 shares of company stock valued at $38,573,231 over the last 90 days. Corporate insiders own 8.49% of the company’s stock.
Shares of NYSE:FDX opened at $304.55 on Tuesday. FedEx Co. has a twelve month low of $103.40 and a twelve month high of $305.66. The firm has a market cap of $80.81 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 1.22 and a beta of 1.30. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.71 and a current ratio of 1.76. The business has a fifty day moving average of $281.13 and a 200-day moving average of $270.28.
FedEx (NYSE:FDX) last announced its quarterly earnings data on Wednesday, March 17th. The shipping service provider reported $3.47 EPS for the quarter, topping the Zacks’ consensus estimate of $3.21 by $0.26. The firm had revenue of $21.51 billion during the quarter, compared to analyst estimates of $19.90 billion. FedEx had a return on equity of 18.65% and a net margin of 3.28%. The company’s revenue was up 23.0% on a year-over-year basis. During the same period last year, the company earned $1.41 earnings per share. On average, analysts anticipate that FedEx Co. will post 17.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Monday, March 8th were given a $0.65 dividend. The ex-dividend date of this dividend was Friday, March 5th. This represents a $2.60 dividend on an annualized basis and a yield of 0.85%. FedEx’s payout ratio is 27.37%.
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions.
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