Versor Investments LP lowered its holdings in FedEx Corporation (NYSE:FDX – Free Report) by 30.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,402 shares of the shipping service provider’s stock after selling 1,903 shares during the period. Versor Investments LP’s holdings in FedEx were worth $1,272,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Grey Fox Wealth Advisors LLC acquired a new position in FedEx in the third quarter worth $27,000. Wealth Watch Advisors INC acquired a new position in shares of FedEx during the third quarter valued at $28,000. Ameriflex Group Inc. lifted its stake in shares of FedEx by 103.3% during the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after acquiring an additional 63 shares during the period. Ulland Investment Advisors LLC acquired a new position in shares of FedEx during the fourth quarter valued at $29,000. Finally, ORG Partners LLC lifted its stake in shares of FedEx by 50.0% during the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock valued at $30,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.
Insiders Place Their Bets
In other FedEx news, Director Susan C. Schwab sold 5,795 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $369.00, for a total value of $2,138,355.00. Following the completion of the sale, the director directly owned 10,038 shares in the company, valued at $3,704,022. This represents a 36.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gina F. Adams sold 20,450 shares of the stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total value of $7,493,902.50. Following the completion of the sale, the executive vice president owned 19,403 shares of the company’s stock, valued at $7,110,229.35. This trade represents a 51.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 48,104 shares of company stock valued at $17,599,006 over the last ninety days. 0.53% of the stock is owned by insiders.
Analyst Ratings Changes
View Our Latest Report on FedEx
FedEx Trading Down 0.0%
NYSE FDX opened at $378.54 on Tuesday. The stock has a 50-day simple moving average of $369.82 and a 200 day simple moving average of $324.97. The company has a market capitalization of $90.32 billion, a PE ratio of 20.15, a P/E/G ratio of 1.44 and a beta of 1.29. The company has a current ratio of 1.47, a quick ratio of 1.44 and a debt-to-equity ratio of 0.77. FedEx Corporation has a 12 month low of $214.35 and a 12 month high of $404.03.
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 return on equity of 16.76% and a net margin of 4.88%.The business had revenue of $24 billion during the quarter, compared to the consensus estimate of $23.44 billion. During the same quarter in the prior year, the company posted $4.51 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. Research analysts forecast that FedEx Corporation will post 19.72 EPS for the current year.
FedEx Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th were issued a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, March 9th. FedEx’s dividend payout ratio is 30.87%.
About FedEx
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.
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