Aptus Capital Advisors LLC decreased its holdings in FedEx Co. (NYSE:FDX - Free Report) by 93.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,790 shares of the shipping service provider's stock after selling 39,354 shares during the quarter. Aptus Capital Advisors LLC's holdings in FedEx were worth $764,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. SeaCrest Wealth Management LLC increased its holdings in shares of FedEx by 0.6% in the second quarter. SeaCrest Wealth Management LLC now owns 5,615 shares of the shipping service provider's stock valued at $1,683,000 after purchasing an additional 34 shares in the last quarter. LRI Investments LLC increased its position in FedEx by 8.6% in the second quarter. LRI Investments LLC now owns 455 shares of the shipping service provider's stock worth $137,000 after purchasing an additional 36 shares during the period. Ascent Wealth Partners LLC lifted its position in FedEx by 0.5% during the 2nd quarter. Ascent Wealth Partners LLC now owns 7,690 shares of the shipping service provider's stock valued at $2,306,000 after purchasing an additional 36 shares during the period. Detalus Advisors LLC boosted its stake in shares of FedEx by 2.4% in the 2nd quarter. Detalus Advisors LLC now owns 1,602 shares of the shipping service provider's stock valued at $480,000 after purchasing an additional 37 shares during the last quarter. Finally, Sachetta LLC grew its position in shares of FedEx by 29.1% during the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider's stock worth $49,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 84.47% of the company's stock.
FedEx Trading Up 0.0 %
Shares of FedEx stock traded up $0.01 during midday trading on Friday, reaching $292.30. The company had a trading volume of 624,157 shares, compared to its average volume of 1,801,935. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The stock has a fifty day moving average price of $275.18 and a 200 day moving average price of $276.07. The firm has a market cap of $71.41 billion, a PE ratio of 18.16, a P/E/G ratio of 1.17 and a beta of 1.17.
FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.82 by ($1.22). The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.55 earnings per share. On average, equities analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current year.
FedEx Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.89%. FedEx's payout ratio is currently 34.05%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on FDX. BMO Capital Markets dropped their target price on shares of FedEx from $325.00 to $300.00 and set a "market perform" rating for the company in a research report on Friday, September 20th. Stephens reissued an "overweight" rating and issued a $350.00 target price on shares of FedEx in a research note on Friday, September 20th. UBS Group cut their price target on shares of FedEx from $333.00 to $311.00 and set a "buy" rating on the stock in a research report on Friday, September 20th. Robert W. Baird reduced their price target on shares of FedEx from $340.00 to $320.00 and set an "outperform" rating for the company in a report on Friday, September 20th. Finally, The Goldman Sachs Group cut their price objective on FedEx from $333.00 to $332.00 in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and an average target price of $316.04.
Check Out Our Latest Stock Analysis on FDX
About FedEx
(
Free Report)
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.
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