FedEx Corporation (FDX) Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC boosted its stake in shares of FedEx Corporation (NYSE:FDX) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,041 shares of the shipping service provider’s stock after purchasing an additional 2,259 shares during the period. Calamos Advisors LLC’s holdings in FedEx Corporation were worth $9,258,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. Krilogy Financial LLC grew its position in FedEx Corporation by 0.4% during the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock worth $111,000 after purchasing an additional 2 shares during the last quarter. Guardian Life Insurance Co. of America grew its position in FedEx Corporation by 1.0% during the 1st quarter. Guardian Life Insurance Co. of America now owns 943 shares of the shipping service provider’s stock worth $184,000 after purchasing an additional 9 shares during the last quarter. Park National Corp OH grew its position in FedEx Corporation by 0.9% during the 2nd quarter. Park National Corp OH now owns 1,178 shares of the shipping service provider’s stock worth $256,000 after purchasing an additional 10 shares during the last quarter. Alexandria Capital LLC grew its position in FedEx Corporation by 2.5% during the 2nd quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock worth $117,000 after purchasing an additional 13 shares during the last quarter. Finally, Salem Investment Counselors Inc. grew its position in FedEx Corporation by 2.8% during the 2nd quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after purchasing an additional 13 shares during the last quarter. 76.07% of the stock is currently owned by institutional investors.

Shares of FedEx Corporation (NYSE FDX) opened at $217.83 on Thursday. The company has a market cap of $58,273.86, a PE ratio of 18.25, a PEG ratio of 1.37 and a beta of 1.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.63 and a quick ratio of 1.57. FedEx Corporation has a 12-month low of $182.89 and a 12-month high of $231.35.

FedEx Corporation (NYSE:FDX) last issued its earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). The business had revenue of $15.30 billion during the quarter, compared to analyst estimates of $15.35 billion. FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. FedEx Corporation’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the company earned $2.90 earnings per share. sell-side analysts anticipate that FedEx Corporation will post 12.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Friday, December 8th. FedEx Corporation’s dividend payout ratio (DPR) is 18.87%.

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In other news, Director Kim Jabal sold 3,980 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total value of $897,689.00. Following the completion of the sale, the director now directly owns 6,080 shares in the company, valued at $1,371,344. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Donald F. Colleran sold 10,000 shares of the stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the completion of the sale, the executive vice president now owns 30,499 shares of the company’s stock, valued at $6,709,780. The disclosure for this sale can be found here. Insiders sold 40,094 shares of company stock valued at $9,024,637 over the last quarter. Company insiders own 8.45% of the company’s stock.

FDX has been the topic of several recent research reports. Vetr downgraded shares of FedEx Corporation to a “sell” rating and set a $204.84 price objective on the stock. in a report on Thursday, August 31st. J P Morgan Chase & Co upped their price objective on shares of FedEx Corporation from $237.00 to $264.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $233.00 price objective (down from $242.00) on shares of FedEx Corporation in a report on Friday, September 15th. Robert W. Baird reaffirmed a “buy” rating and issued a $235.00 price objective on shares of FedEx Corporation in a report on Tuesday, September 12th. Finally, Cowen and Company reaffirmed a “buy” rating and issued a $240.00 price objective on shares of FedEx Corporation in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $230.21.

FedEx Corporation Company Profile

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.

Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

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