GFS Advisors LLC lessened its stake in shares of FedEx Co. (NYSE:FDX – Get Rating) by 10.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,453 shares of the shipping service provider’s stock after selling 8,595 shares during the quarter. FedEx comprises about 3.5% of GFS Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. GFS Advisors LLC’s holdings in FedEx were worth $16,765,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Live Oak Private Wealth LLC grew its position in FedEx by 4.1% in the first quarter. Live Oak Private Wealth LLC now owns 15,475 shares of the shipping service provider’s stock worth $3,581,000 after buying an additional 608 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new position in FedEx in the 1st quarter worth approximately $4,234,000. Busey Wealth Management boosted its stake in FedEx by 0.3% in the 1st quarter. Busey Wealth Management now owns 22,878 shares of the shipping service provider’s stock worth $5,294,000 after purchasing an additional 79 shares during the period. CWM LLC boosted its stake in FedEx by 386.1% in the 1st quarter. CWM LLC now owns 22,748 shares of the shipping service provider’s stock worth $5,264,000 after purchasing an additional 18,068 shares during the period. Finally, Cardinal Capital Management boosted its stake in FedEx by 2.9% in the 1st quarter. Cardinal Capital Management now owns 13,729 shares of the shipping service provider’s stock worth $3,177,000 after purchasing an additional 387 shares during the period. Institutional investors and hedge funds own 79.92% of the company’s stock.
In other news, Director Amy B. Lane purchased 607 shares of FedEx stock in a transaction on Thursday, June 30th. The shares were purchased at an average cost of $228.12 per share, for a total transaction of $138,468.84. Following the completion of the transaction, the director now directly owns 686 shares in the company, valued at $156,490.32. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul S. Walsh sold 3,720 shares of the business’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $206.42, for a total transaction of $767,882.40. Following the completion of the transaction, the director now owns 14,000 shares in the company, valued at $2,889,880. The disclosure for this sale can be found here. 8.16% of the stock is owned by insiders.
Shares of FedEx stock opened at $223.61 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.38 and a current ratio of 1.43. The firm’s 50-day simple moving average is $215.81 and its 200-day simple moving average is $226.72. FedEx Co. has a twelve month low of $192.82 and a twelve month high of $302.65. The firm has a market cap of $57.95 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 0.87 and a beta of 1.31.
FedEx (NYSE:FDX – Get Rating) last issued its earnings results on Thursday, June 23rd. The shipping service provider reported $6.87 earnings per share for the quarter, beating the consensus estimate of $6.80 by $0.07. FedEx had a net margin of 4.09% and a return on equity of 22.29%. During the same quarter last year, the company posted $5.01 EPS. On average, equities analysts forecast that FedEx Co. will post 23.23 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 11th. Shareholders of record on Monday, June 27th will be given a $1.15 dividend. The ex-dividend date of this dividend is Friday, June 24th. This is a positive change from FedEx’s previous quarterly dividend of $0.75. This represents a $4.60 dividend on an annualized basis and a yield of 2.06%. FedEx’s payout ratio is 32.17%.
FedEx Company Profile (Get Rating)
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. 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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