Bartlett & CO. Wealth Management LLC lowered its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 3.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,914 shares of the shipping service provider's stock after selling 9,226 shares during the period. Bartlett & CO. Wealth Management LLC owned 0.10% of FedEx worth $57,102,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the business. Transce3nd LLC acquired a new position in shares of FedEx during the 4th quarter worth about $26,000. Pilgrim Partners Asia Pte Ltd acquired a new position in FedEx in the fourth quarter valued at approximately $28,000. Runnymede Capital Advisors Inc. purchased a new position in FedEx in the fourth quarter valued at approximately $32,000. Accredited Wealth Management LLC purchased a new position in FedEx in the fourth quarter valued at approximately $35,000. Finally, Optiver Holding B.V. acquired a new stake in FedEx during the fourth quarter worth approximately $39,000. Hedge funds and other institutional investors own 84.47% of the company's stock.
FedEx Stock Down 0.5%
FDX stock opened at $220.99 on Friday. FedEx Corporation has a 52 week low of $194.30 and a 52 week high of $313.84. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.68. The company has a market cap of $52.95 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.13 and a beta of 1.35. The company's 50-day moving average price is $219.75 and its 200 day moving average price is $243.30.
FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, beating the consensus estimate of $5.98 by $0.09. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%. During the same period last year, the business posted $5.41 EPS. On average, research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.
FedEx Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd will be given a $1.45 dividend. The ex-dividend date is Monday, June 23rd. This is a positive change from FedEx's previous quarterly dividend of $1.38. This represents a $5.80 annualized dividend and a dividend yield of 2.62%. FedEx's dividend payout ratio is currently 36.39%.
Analyst Ratings Changes
A number of research analysts recently commented on FDX shares. Oppenheimer reaffirmed a "market perform" rating on shares of FedEx in a research report on Friday, March 21st. Bank of America decreased their price objective on shares of FedEx from $270.00 to $245.00 and set a "buy" rating for the company in a research note on Wednesday. Stephens reiterated an "overweight" rating and set a $300.00 target price on shares of FedEx in a research report on Tuesday, May 20th. Susquehanna raised their price target on FedEx from $290.00 to $295.00 and gave the stock a "positive" rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on FedEx from $260.00 to $290.00 and gave the stock an "overweight" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $285.17.
Read Our Latest Stock Report on FedEx
FedEx Profile
(
Free Report)
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.
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