FedEx Corporation $FDX Shares Sold by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. lowered its position in FedEx Corporation (NYSE:FDXFree Report) by 25.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,523 shares of the shipping service provider’s stock after selling 6,457 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in FedEx were worth $5,351,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the period. Empowered Funds LLC raised its holdings in shares of FedEx by 78.9% during the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of FedEx during the second quarter worth $586,000. Global Retirement Partners LLC acquired a new position in FedEx during the second quarter valued at $682,000. Finally, Steward Partners Investment Advisory LLC lifted its position in FedEx by 5.8% during the second quarter. Steward Partners Investment Advisory LLC now owns 17,951 shares of the shipping service provider’s stock valued at $4,081,000 after purchasing an additional 977 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on FDX shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FedEx in a research report on Monday, December 29th. Rothschild & Co Redburn upped their target price on FedEx from $317.00 to $371.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $479.00 target price on shares of FedEx in a report on Friday, February 13th. Truist Financial lifted their price target on FedEx from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, TD Cowen boosted their price target on FedEx from $383.00 to $426.00 and gave the company a “buy” rating in a report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $393.85.

View Our Latest Stock Report on FDX

FedEx Price Performance

NYSE:FDX opened at $344.23 on Friday. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $392.86. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $82.14 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.53 and a beta of 1.29. The stock’s 50-day moving average price is $355.42 and its 200-day moving average price is $295.27.

FedEx (NYSE:FDXGet Free Report) last released its quarterly earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping analysts’ consensus estimates of $4.12 by $1.13. The company had revenue of $24 billion during the quarter, compared to analysts’ expectations of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.FedEx’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.51 EPS. As a group, equities analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, March 9th. FedEx’s dividend payout ratio is presently 30.87%.

FedEx Company 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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