Vident Investment Advisory LLC Takes $2.76 Million Position in FedEx Co. (FDX)

Vident Investment Advisory LLC bought a new position in FedEx Co. (NYSE:FDX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,214 shares of the shipping service provider’s stock, valued at approximately $2,755,000.

Other institutional investors have also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC purchased a new position in FedEx in the 1st quarter worth about $100,000. Salem Investment Counselors Inc. increased its position in FedEx by 2.8% during the 2nd quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after purchasing an additional 13 shares during the period. Krilogy Financial LLC increased its position in FedEx by 0.4% during the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after purchasing an additional 2 shares during the period. Alexandria Capital LLC increased its position in FedEx by 2.5% during the 2nd quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after purchasing an additional 13 shares during the period. Finally, Financial Engines Advisors L.L.C. purchased a new position in FedEx during the 3rd quarter valued at about $132,000. Hedge funds and other institutional investors own 75.60% of the company’s stock.

Shares of FedEx Co. (NYSE FDX) opened at $251.07 on Thursday. The company has a market cap of $65,036.54, a P/E ratio of 19.74, a P/E/G ratio of 1.53 and a beta of 1.36. 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 Co. has a 12 month low of $182.89 and a 12 month high of $253.24.

FedEx (NYSE:FDX) last released its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.29. The company had revenue of $16.30 billion during the quarter, compared to analysts’ expectations of $15.67 billion. FedEx had a net margin of 4.74% and a return on equity of 20.91%. FedEx’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the business earned $2.80 EPS. analysts anticipate that FedEx Co. will post 12.47 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Friday, December 8th. FedEx’s payout ratio is 18.43%.

In other FedEx news, CEO Michael L. Ducker sold 14,964 shares of FedEx stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the completion of the sale, the chief executive officer now directly owns 53,397 shares in the company, valued at approximately $12,059,712.45. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kim Jabal sold 3,980 shares of FedEx stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total transaction of $897,689.00. Following the sale, the director now owns 6,080 shares of the company’s stock, valued at $1,371,344. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,094 shares of company stock valued at $6,824,637. Company insiders own 8.45% of the company’s stock.

FDX has been the topic of a number of research reports. Vetr downgraded shares of FedEx to a “sell” rating and set a $204.84 target price on the stock. in a research report on Thursday, August 31st. BMO Capital Markets reissued a “buy” rating and set a $245.00 target price on shares of FedEx in a research report on Wednesday, September 6th. Cowen reissued a “buy” rating and set a $240.00 target price on shares of FedEx in a research report on Tuesday, September 12th. Robert W. Baird reissued a “buy” rating and set a $235.00 target price on shares of FedEx in a research report on Tuesday, September 12th. Finally, Citigroup reissued a “buy” rating and set a $235.00 target price on shares of FedEx in a research report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and twenty-three have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $248.01.

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FedEx 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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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