Andra AP fonden raised its stake in shares of FedEx Co. (NYSE:FDX) by 19.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,000 shares of the shipping service provider’s stock after buying an additional 3,100 shares during the quarter. Andra AP fonden’s holdings in FedEx were worth $2,766,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. InterOcean Capital LLC grew its position in shares of FedEx by 8.0% in the 2nd quarter. InterOcean Capital LLC now owns 160,442 shares of the shipping service provider’s stock valued at $26,343,000 after purchasing an additional 11,932 shares during the period. Greylin Investment Mangement Inc. grew its position in shares of FedEx by 25.7% in the 2nd quarter. Greylin Investment Mangement Inc. now owns 10,717 shares of the shipping service provider’s stock valued at $1,760,000 after purchasing an additional 2,194 shares during the period. Baker Ellis Asset Management LLC grew its position in shares of FedEx by 4.2% in the 2nd quarter. Baker Ellis Asset Management LLC now owns 4,950 shares of the shipping service provider’s stock valued at $813,000 after purchasing an additional 200 shares during the period. Fiduciary Group LLC grew its position in shares of FedEx by 17.0% in the 2nd quarter. Fiduciary Group LLC now owns 30,394 shares of the shipping service provider’s stock valued at $4,990,000 after purchasing an additional 4,421 shares during the period. Finally, Capital Investment Counsel Inc grew its position in shares of FedEx by 39.1% in the 3rd quarter. Capital Investment Counsel Inc now owns 36,872 shares of the shipping service provider’s stock valued at $5,367,000 after purchasing an additional 10,361 shares during the period. Institutional investors own 70.64% of the company’s stock.
In related news, Director R Brad Martin acquired 1,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were bought at an average price of $145.00 per share, for a total transaction of $145,000.00. Following the purchase, the director now directly owns 49,046 shares in the company, valued at approximately $7,111,670. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John A. Edwardson acquired 5,000 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were bought at an average price of $151.75 per share, for a total transaction of $758,750.00. Following the purchase, the director now owns 62,966 shares in the company, valued at $9,555,090.50. The disclosure for this purchase can be found here. Corporate insiders own 8.44% of the company’s stock.
NYSE:FDX opened at $158.03 on Tuesday. FedEx Co. has a twelve month low of $137.78 and a twelve month high of $234.49. The company has a quick ratio of 1.25, a current ratio of 1.31 and a debt-to-equity ratio of 1.70. The business has a 50 day moving average price of $156.85 and a two-hundred day moving average price of $159.19. The company has a market cap of $41.76 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.71.
FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, September 17th. The shipping service provider reported $3.05 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.12). FedEx had a return on equity of 21.15% and a net margin of 0.65%. The firm had revenue of $17.05 billion for the quarter, compared to analyst estimates of $17.05 billion. During the same period last year, the company earned $3.46 EPS. The company’s revenue was up .0% compared to the same quarter last year. As a group, analysts anticipate that FedEx Co. will post 12.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 9th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Friday, December 6th. FedEx’s dividend payout ratio (DPR) is currently 16.75%.
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
Further Reading: How to Invest in Marijuana Stocks
Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDX).
Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.