D.A. Davidson & CO. trimmed its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 20.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,536 shares of the shipping service provider's stock after selling 9,888 shares during the quarter. D.A. Davidson & CO.'s holdings in FedEx were worth $11,132,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC acquired a new stake in FedEx during the third quarter valued at approximately $27,000. Wealth Watch Advisors INC acquired a new position in shares of FedEx in the 3rd quarter worth approximately $28,000. Ameriflex Group Inc. boosted its holdings in shares of FedEx by 103.3% in the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider's stock worth $29,000 after acquiring an additional 63 shares in the last quarter. Ulland Investment Advisors LLC acquired a new position in shares of FedEx in the 4th quarter worth approximately $29,000. Finally, ORG Partners LLC boosted its holdings in shares of FedEx by 50.0% in the 4th quarter. ORG Partners LLC now owns 105 shares of the shipping service provider's stock worth $30,000 after acquiring an additional 35 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.
FedEx Stock Performance
Shares of FedEx stock opened at $388.02 on Tuesday. The firm has a fifty day moving average of $370.15 and a two-hundred day moving average of $316.72. The stock has a market capitalization of $92.59 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.47 and a beta of 1.28. FedEx Corporation has a 52 week low of $204.33 and a 52 week high of $399.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47.
FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, beating analysts' consensus estimates of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The business had revenue of $24 billion during the quarter, compared to analysts' expectations of $23.44 billion. During the same quarter in the prior year, the company earned $4.51 EPS. The firm's quarterly revenue was up 8.3% on a year-over-year basis. As a group, equities research analysts predict that FedEx Corporation will post 19.72 EPS for the current year.
FedEx Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 9th were paid a $1.45 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.5%. FedEx's dividend payout ratio is presently 30.87%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on FDX shares. Susquehanna boosted their target price on FedEx from $410.00 to $455.00 and gave the stock a "positive" rating in a report on Friday, March 20th. Bank of America boosted their target price on FedEx from $431.00 to $440.00 and gave the stock a "buy" rating in a report on Friday, March 20th. Stifel Nicolaus boosted their target price on FedEx from $425.00 to $442.00 in a report on Friday, April 10th. Citigroup boosted their price objective on shares of FedEx from $327.00 to $401.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of FedEx from $364.00 to $369.00 and gave the stock a "buy" rating in a research report on Friday, March 13th. Eighteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, FedEx has an average rating of "Moderate Buy" and a consensus target price of $398.04.
Read Our Latest Report on FDX
Insider Activity at FedEx
In related news, EVP Tracy B. Brightman sold 16,959 shares of the company's stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $363.47, for a total value of $6,164,087.73. Following the completion of the transaction, the executive vice president directly owned 11,052 shares of the company's stock, valued at approximately $4,017,070.44. This represents a 60.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gina F. Adams sold 20,450 shares of the company's stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the completion of the transaction, the executive vice president directly owned 19,403 shares of the company's stock, valued at approximately $7,110,229.35. The trade was a 51.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 48,104 shares of company stock valued at $17,599,006 in the last quarter. 0.53% of the stock is currently owned by company insiders.
About FedEx
(
Free Report)
FedEx Corporation NYSE: FDX is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.
FedEx's core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider FedEx, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FedEx wasn't on the list.
While FedEx currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
