Slow Capital Inc. boosted its position in shares of FedEx Co. (NYSE:FDX – Get Rating) by 4.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,252 shares of the shipping service provider’s stock after acquiring an additional 240 shares during the quarter. Slow Capital Inc.’s holdings in FedEx were worth $1,358,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quadrant Private Wealth Management LLC raised its position in FedEx by 3.3% during the third quarter. Quadrant Private Wealth Management LLC now owns 1,236 shares of the shipping service provider’s stock worth $271,000 after acquiring an additional 40 shares in the last quarter. SOA Wealth Advisors LLC. raised its position in FedEx by 23.8% during the fourth quarter. SOA Wealth Advisors LLC. now owns 213 shares of the shipping service provider’s stock worth $55,000 after acquiring an additional 41 shares in the last quarter. Lincoln National Corp raised its position in FedEx by 0.5% during the fourth quarter. Lincoln National Corp now owns 7,870 shares of the shipping service provider’s stock worth $2,036,000 after acquiring an additional 42 shares in the last quarter. GYL Financial Synergies LLC raised its position in FedEx by 2.5% during the fourth quarter. GYL Financial Synergies LLC now owns 1,746 shares of the shipping service provider’s stock worth $452,000 after acquiring an additional 42 shares in the last quarter. Finally, Charter Oak Capital Management LLC raised its position in FedEx by 4.8% during the third quarter. Charter Oak Capital Management LLC now owns 940 shares of the shipping service provider’s stock worth $206,000 after acquiring an additional 43 shares in the last quarter. 77.76% of the stock is currently owned by hedge funds and other institutional investors.
In other FedEx news, Director Paul S. Walsh sold 3,720 shares of the firm’s stock in a transaction on Thursday, April 14th. The shares were sold at an average price of $206.42, for a total value of $767,882.40. Following the completion of the sale, the director now directly owns 14,000 shares in the company, valued at $2,889,880. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.16% of the company’s stock.
NYSE FDX traded down $8.11 during trading hours on Friday, reaching $198.74. The company’s stock had a trading volume of 2,338,641 shares, compared to its average volume of 2,163,682. The firm has a fifty day simple moving average of $214.43 and a 200-day simple moving average of $233.87. The stock has a market cap of $51.51 billion, a P/E ratio of 10.43, a P/E/G ratio of 0.81 and a beta of 1.31. FedEx Co. has a 52 week low of $196.15 and a 52 week high of $319.90. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.39 and a quick ratio of 1.35.
FedEx (NYSE:FDX – Get Rating) last posted its quarterly earnings data on Thursday, March 17th. The shipping service provider reported $4.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.64 by ($0.05). FedEx had a return on equity of 20.67% and a net margin of 5.60%. The firm had revenue of $23.64 billion for the quarter, compared to analyst estimates of $23.33 billion. During the same quarter last year, the company earned $3.47 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, research analysts expect that FedEx Co. will post 20.56 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 1st. Shareholders of record on Monday, March 7th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend was Friday, March 4th. FedEx’s payout ratio is 15.75%.
FedEx 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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