Bokf Na Has $5.20 Million Stake in FedEx Corporation $FDX

Bokf Na decreased its holdings in FedEx Corporation (NYSE:FDXFree Report) by 7.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,009 shares of the shipping service provider’s stock after selling 1,419 shares during the quarter. Bokf Na’s holdings in FedEx were worth $5,202,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Legacy Bridge LLC raised its stake in FedEx by 33.0% in the 4th quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider’s stock worth $38,000 after purchasing an additional 33 shares in the last quarter. True Wealth Design LLC raised its stake in FedEx by 8.2% in the 4th quarter. True Wealth Design LLC now owns 462 shares of the shipping service provider’s stock worth $133,000 after purchasing an additional 35 shares in the last quarter. ORG Partners LLC raised its stake in FedEx by 50.0% in the 4th quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock worth $30,000 after purchasing an additional 35 shares in the last quarter. Brookstone Capital Management raised its stake in FedEx by 1.4% in the 4th quarter. Brookstone Capital Management now owns 2,835 shares of the shipping service provider’s stock worth $819,000 after purchasing an additional 38 shares in the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in FedEx by 0.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 8,896 shares of the shipping service provider’s stock valued at $2,570,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Activity at FedEx

In related news, EVP Kawal Preet sold 4,900 shares of FedEx stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the sale, the executive vice president directly owned 10,953 shares of the company’s stock, valued at approximately $4,029,499.17. The trade was a 30.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Tracy B. Brightman sold 16,959 shares of FedEx stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total transaction of $6,164,087.73. Following the sale, the executive vice president directly owned 11,052 shares in the company, valued at $4,017,070.44. This trade represents a 60.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 48,104 shares of company stock valued at $17,599,006. Company insiders own 0.53% of the company’s stock.

FedEx Trading Up 4.0%

Shares of FedEx stock opened at $377.37 on Thursday. The firm has a market capitalization of $90.04 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. The firm’s 50 day moving average is $370.31 and its 200 day moving average is $322.07. FedEx Corporation has a 1 year low of $213.56 and a 1 year high of $404.03.

FedEx (NYSE:FDXGet Free Report) last announced its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.12 by $1.13. The company had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.51 EPS. Equities research analysts forecast that FedEx Corporation will post 19.72 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 9th were issued a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $5.80 annualized dividend and a dividend yield of 1.5%. FedEx’s payout ratio is 30.87%.

Analyst Ratings Changes

FDX has been the topic of several recent analyst reports. Zacks Research lowered shares of FedEx from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 18th. Jefferies Financial Group raised their target price on shares of FedEx from $425.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of FedEx in a report on Thursday, April 9th. Wolfe Research decreased their target price on shares of FedEx from $427.00 to $423.00 and set an “outperform” rating on the stock in a report on Tuesday, April 7th. Finally, Citigroup raised their target price on shares of FedEx from $327.00 to $401.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Eighteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $398.04.

View Our Latest Research Report on FDX

Key Headlines Impacting FedEx

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FedEx Profile

(Free Report)

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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