FedEx Co. (FDX) Shares Bought by Achmea Investment Management B.V.
Achmea Investment Management B.V. increased its stake in FedEx Co. (NYSE:FDX) by 37.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,499 shares of the shipping service provider’s stock after purchasing an additional 1,216 shares during the quarter. Achmea Investment Management B.V.’s holdings in FedEx were worth $1,013,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of FDX. Strategic Advisors LLC raised its position in FedEx by 16.7% in the second quarter. Strategic Advisors LLC now owns 2,138 shares of the shipping service provider’s stock worth $465,000 after acquiring an additional 306 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in FedEx in the second quarter worth about $435,000. Stevens Capital Management LP raised its position in FedEx by 60.6% in the second quarter. Stevens Capital Management LP now owns 39,340 shares of the shipping service provider’s stock worth $8,550,000 after acquiring an additional 14,845 shares in the last quarter. Vanguard Group Inc. raised its position in FedEx by 2.7% in the second quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock worth $4,018,446,000 after acquiring an additional 492,840 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in FedEx by 1.3% in the second quarter. Janney Montgomery Scott LLC now owns 53,299 shares of the shipping service provider’s stock worth $11,584,000 after acquiring an additional 707 shares in the last quarter. 75.73% of the stock is owned by institutional investors and hedge funds.
In other FedEx news, EVP Donald F. Colleran sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the executive vice president now owns 30,499 shares of the company’s stock, valued at $6,709,780. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kim Jabal sold 3,980 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total value of $897,689.00. Following the sale, the director now directly owns 6,080 shares of the company’s stock, valued at approximately $1,371,344. The disclosure for this sale can be found here. Insiders have sold 40,094 shares of company stock valued at $9,024,637 in the last ninety days. Company insiders own 8.45% of the company’s stock.
Several equities research analysts have commented on FDX shares. Vetr cut shares of FedEx to a “sell” rating and set a $204.84 price target on the stock. in a research report on Thursday, August 31st. Zacks Investment Research cut shares of FedEx from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. BMO Capital Markets reiterated a “buy” rating and issued a $245.00 price target on shares of FedEx in a research report on Wednesday, September 6th. Bank of America reiterated a “buy” rating and issued a $247.00 price target (up from $240.00) on shares of FedEx in a research report on Friday, October 6th. Finally, Citigroup reiterated a “buy” rating and issued a $235.00 price target on shares of FedEx in a research report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. FedEx presently has a consensus rating of “Buy” and an average target price of $233.41.
Shares of FedEx Co. (NYSE:FDX) opened at $239.50 on Wednesday. The stock has a market capitalization of $63,982.72, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.36. The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 0.91. FedEx Co. has a 12-month low of $182.89 and a 12-month high of $243.06.
FedEx (NYSE:FDX) last announced its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.66). The company had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.35 billion. FedEx had a return on equity of 20.69% and a net margin of 4.72%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $2.90 EPS. equities analysts forecast that FedEx Co. will post 12.47 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. FedEx’s payout ratio is currently 18.87%.
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FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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