Thomas Story & Son LLC increased its stake in FedEx Co. (NYSE:FDX) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,785 shares of the shipping service provider’s stock after buying an additional 100 shares during the period. FedEx accounts for 1.2% of Thomas Story & Son LLC’s portfolio, making the stock its 25th largest position. Thomas Story & Son LLC’s holdings in FedEx were worth $2,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in FedEx by 9.5% in the second quarter. BlackRock Inc. now owns 16,165,179 shares of the shipping service provider’s stock worth $2,654,161,000 after purchasing an additional 1,395,988 shares during the period. Parnassus Investments CA grew its holdings in FedEx by 17.1% in the third quarter. Parnassus Investments CA now owns 4,099,219 shares of the shipping service provider’s stock worth $596,723,000 after purchasing an additional 599,344 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in FedEx by 5.9% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,109,396 shares of the shipping service provider’s stock worth $161,495,000 after purchasing an additional 61,666 shares during the period. Parametric Portfolio Associates LLC grew its holdings in FedEx by 0.9% in the third quarter. Parametric Portfolio Associates LLC now owns 711,142 shares of the shipping service provider’s stock worth $103,521,000 after purchasing an additional 6,007 shares during the period. Finally, ANTIPODES PARTNERS Ltd grew its holdings in shares of FedEx by 26.8% during the third quarter. ANTIPODES PARTNERS Ltd now owns 655,953 shares of the shipping service provider’s stock valued at $95,487,000 after buying an additional 138,529 shares during the last quarter. 69.89% of the stock is owned by institutional investors.
FDX has been the topic of a number of recent analyst reports. Oppenheimer cut shares of FedEx from an “outperform” rating to a “market perform” rating in a report on Wednesday, December 18th. KeyCorp reiterated a “hold” rating on shares of FedEx in a report on Wednesday, December 18th. UBS Group upgraded shares of FedEx from a “sell” rating to a “neutral” rating and increased their price target for the company from $132.00 to $161.00 in a report on Thursday, December 12th. Cowen cut their price target on shares of FedEx from $190.00 to $185.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Finally, BMO Capital Markets cut their price target on shares of FedEx from $165.00 to $160.00 and set a “market perform” rating on the stock in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. FedEx currently has a consensus rating of “Hold” and a consensus target price of $169.88.
FDX traded down $5.49 during trading on Monday, hitting $148.58. The company’s stock had a trading volume of 390,257 shares, compared to its average volume of 2,241,405. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 1.67. FedEx Co. has a one year low of $137.78 and a one year high of $199.32. The firm has a market cap of $40.23 billion, a PE ratio of 707.52, a P/E/G ratio of 1.18 and a beta of 1.68. The business’s 50 day simple moving average is $155.91 and its 200-day simple moving average is $157.42.
FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, December 17th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.78 by ($0.27). FedEx had a return on equity of 19.10% and a net margin of 0.11%. The business had revenue of $17.32 billion during the quarter, compared to the consensus estimate of $17.69 billion. During the same quarter in the previous year, the business posted $4.03 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. Equities research analysts expect that FedEx Co. will post 10.84 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 9th were given a $0.65 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.60 annualized dividend and a yield of 1.75%. FedEx’s payout ratio is presently 16.75%.
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
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