Train Babcock Advisors LLC Sells 1,285 Shares of FedEx Co. (FDX)
Train Babcock Advisors LLC trimmed its position in shares of FedEx Co. (NYSE:FDX) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,765 shares of the shipping service provider’s stock after selling 1,285 shares during the quarter. FedEx makes up 1.7% of Train Babcock Advisors LLC’s holdings, making the stock its 21st biggest holding. Train Babcock Advisors LLC’s holdings in FedEx were worth $3,934,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in FDX. Salem Investment Counselors Inc. boosted its stake in shares of FedEx by 2.8% during the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after purchasing an additional 13 shares in the last quarter. Krilogy Financial LLC boosted its stake in shares of FedEx by 0.4% during the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after purchasing an additional 2 shares in the last quarter. Financial Engines Advisors L.L.C. acquired a new stake in shares of FedEx during the third quarter valued at about $132,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of FedEx during the third quarter valued at about $136,000. Finally, Carroll Financial Associates Inc. lifted its stake in shares of FedEx by 61.1% in the third quarter. Carroll Financial Associates Inc. now owns 633 shares of the shipping service provider’s stock worth $140,000 after acquiring an additional 240 shares during the period. 75.66% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently commented on FDX. Zacks Investment Research raised FedEx from a “hold” rating to a “buy” rating and set a $297.00 price objective on the stock in a research note on Friday, January 5th. BMO Capital Markets reaffirmed a “buy” rating and issued a $300.00 price objective on shares of FedEx in a research note on Monday. ValuEngine raised FedEx from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Wells Fargo & Co set a $275.00 price objective on FedEx and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $229.00 price objective on shares of FedEx in a research note on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $269.04.
In other FedEx news, Director Kim Jabal sold 3,980 shares of the business’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 transaction, the director now directly owns 6,080 shares of the company’s stock, valued at $1,371,344. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Henry J. Maier sold 11,150 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total value of $2,547,329.00. Following the completion of the transaction, the insider now directly owns 36,747 shares in the company, valued at $8,395,219.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,671 shares of company stock worth $17,137,160. Insiders own 8.45% of the company’s stock.
Shares of FedEx Co. (NYSE FDX) traded down $0.91 on Wednesday, reaching $267.75. The company’s stock had a trading volume of 1,648,200 shares, compared to its average volume of 2,279,750. FedEx Co. has a 12-month low of $182.89 and a 12-month high of $271.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.50 and a current ratio of 1.57. The firm has a market capitalization of $71,520.00, a price-to-earnings ratio of 24.61, a PEG ratio of 1.60 and a beta of 1.36.
FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.89 by $0.29. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The firm had revenue of $16.30 billion for the quarter, compared to analyst estimates of $15.67 billion. During the same period in the previous year, the firm earned $2.80 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. equities research analysts expect that FedEx Co. will post 13.03 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, December 8th. FedEx’s dividend payout ratio (DPR) is presently 18.38%.
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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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