MUFG Americas Holdings Corp cut its stake in FedEx Co. (NYSE:FDX) by 17.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,313 shares of the shipping service provider’s stock after selling 707 shares during the quarter. MUFG Americas Holdings Corp’s holdings in FedEx were worth $941,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. CVA Family Office LLC acquired a new stake in shares of FedEx in the 4th quarter worth $26,000. Vectors Research Management LLC purchased a new position in shares of FedEx during the 4th quarter worth $26,000. RMR Wealth Builders purchased a new position in shares of FedEx during the 4th quarter worth $27,000. Curi Capital purchased a new position in shares of FedEx during the 4th quarter worth $31,000. Finally, Atticus Wealth Management LLC purchased a new position in shares of FedEx during the 4th quarter worth $34,000. 72.74% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Michael C. Lenz sold 4,700 shares of the stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $315.97, for a total value of $1,485,059.00. Following the completion of the transaction, the executive vice president now owns 15,646 shares of the company’s stock, valued at $4,943,666.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John L. Merino sold 10,000 shares of the stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $273.30, for a total value of $2,733,000.00. The disclosure for this sale can be found here. Insiders sold 180,773 shares of company stock valued at $53,374,869 in the last three months. 8.49% of the stock is currently owned by company insiders.
Shares of NYSE FDX opened at $305.64 on Wednesday. FedEx Co. has a 1-year low of $103.40 and a 1-year high of $317.00. The business has a 50-day moving average of $287.40 and a 200-day moving average of $271.36. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.76 and a quick ratio of 1.71. The company has a market capitalization of $81.10 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 1.22 and a beta of 1.30.
FedEx (NYSE:FDX) last issued its earnings results on Wednesday, March 17th. The shipping service provider reported $3.47 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.21 by $0.26. FedEx had a return on equity of 18.65% and a net margin of 3.28%. The company had revenue of $21.51 billion during the quarter, compared to the consensus estimate of $19.90 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. The company’s revenue was up 23.0% compared to the same quarter last year. Research analysts expect that FedEx Co. will post 17.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Monday, March 8th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Friday, March 5th. FedEx’s dividend payout ratio is currently 27.37%.
FedEx Company Profile
FedEx Corporation provides transportation, e-commerce, and business services worldwide. 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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