Standard Life Aberdeen plc lifted its stake in FedEx Co. (NYSE:FDX) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,110 shares of the shipping service provider’s stock after purchasing an additional 9,624 shares during the quarter. Standard Life Aberdeen plc owned 0.08% of FedEx worth $32,678,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently bought and sold shares of FDX. Artisan Partners Limited Partnership raised its position in shares of FedEx by 28.6% in the 4th quarter. Artisan Partners Limited Partnership now owns 5,036,716 shares of the shipping service provider’s stock worth $761,602,000 after purchasing an additional 1,120,770 shares during the last quarter. ValueAct Holdings L.P. purchased a new position in shares of FedEx in the 4th quarter worth about $89,214,000. Ceredex Value Advisors LLC purchased a new position in shares of FedEx in the 4th quarter worth about $87,573,000. Millennium Management LLC raised its position in shares of FedEx by 2,287.7% in the 3rd quarter. Millennium Management LLC now owns 531,046 shares of the shipping service provider’s stock worth $77,304,000 after purchasing an additional 508,805 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in shares of FedEx in the 4th quarter worth about $73,966,000. 73.00% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the company. Barclays reiterated a “buy” rating on shares of FedEx in a report on Thursday. Loop Capital reiterated a “buy” rating and issued a $194.00 price objective on shares of FedEx in a report on Wednesday, December 18th. KeyCorp reiterated a “hold” rating on shares of FedEx in a report on Wednesday, December 18th. Wells Fargo & Co reduced their price objective on FedEx from $183.00 to $150.00 and set an “overweight” rating for the company in a report on Monday, March 16th. Finally, Deutsche Bank downgraded FedEx to a “hold” rating and set a $142.00 price objective for the company. in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. FedEx currently has an average rating of “Hold” and an average price target of $154.75.
NYSE FDX traded up $7.29 during trading hours on Thursday, reaching $125.60. The company’s stock had a trading volume of 2,713,912 shares, compared to its average volume of 3,182,717. The firm’s 50-day moving average price is $136.24 and its 200-day moving average price is $150.17. The company has a quick ratio of 1.16, a current ratio of 1.21 and a debt-to-equity ratio of 1.66. FedEx Co. has a 1 year low of $88.69 and a 1 year high of $199.32. The company has a market capitalization of $31.36 billion, a price-to-earnings ratio of -90.36, a PEG ratio of 1.04 and a beta of 1.57.
FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, March 17th. The shipping service provider reported $1.41 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.41. FedEx had a positive return on equity of 17.05% and a negative net margin of 0.50%. The company had revenue of $17.49 billion for the quarter, compared to analysts’ expectations of $16.89 billion. During the same period in the previous year, the firm earned $3.03 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. Equities research analysts anticipate that FedEx Co. will post 9.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be issued a $0.65 dividend. The ex-dividend date is Friday, March 6th. This represents a $2.60 dividend on an annualized basis and a yield of 2.07%. FedEx’s dividend payout ratio is presently 16.75%.
FedEx Company Profile
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.
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