Landsberg Bennett & Dubbaneh LLC increased its stake in shares of FedEx Co. (NYSE:FDX) by 22.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,191 shares of the shipping service provider’s stock after buying an additional 222 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in FedEx were worth $338,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of FDX. CVA Family Office LLC acquired a new position in FedEx during the 4th quarter worth about $26,000. Vectors Research Management LLC acquired a new position in FedEx during the 4th quarter worth about $26,000. RMR Wealth Builders acquired a new position in FedEx during the 4th quarter worth about $27,000. Lowe Wealth Advisors LLC lifted its position in FedEx by 500.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 120 shares of the shipping service provider’s stock valued at $31,000 after purchasing an additional 100 shares during the period. Finally, Curi Capital acquired a new position in FedEx during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 72.74% of the company’s stock.
In other news, CEO Frederick W. Smith sold 102,000 shares of the stock in a transaction that occurred on Thursday, April 15th. The stock was sold at an average price of $290.02, for a total value of $29,582,040.00. Following the completion of the sale, the chief executive officer now owns 14,595,728 shares of the company’s stock, valued at approximately $4,233,053,034.56. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kim Jabal sold 3,000 shares of the stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $256.89, for a total value of $770,670.00. Following the completion of the sale, the director now directly owns 3,750 shares of the company’s stock, valued at approximately $963,337.50. The disclosure for this sale can be found here. In the last three months, insiders sold 115,000 shares of company stock valued at $33,085,710. 8.49% of the stock is currently owned by insiders.
NYSE:FDX opened at $276.54 on Friday. FedEx Co. has a twelve month low of $103.40 and a twelve month high of $305.66. The company has a quick ratio of 1.71, a current ratio of 1.76 and a debt-to-equity ratio of 1.10. The business has a 50 day moving average price of $275.77 and a two-hundred day moving average price of $269.53. The company has a market cap of $73.38 billion, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 1.22 and a beta of 1.30.
FedEx (NYSE:FDX) last released its quarterly earnings results on Wednesday, March 17th. The shipping service provider reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.21 by $0.26. FedEx had a return on equity of 18.65% and a net margin of 3.28%. The firm had revenue of $21.51 billion during the quarter, compared to the consensus estimate of $19.90 billion. During the same quarter in the prior year, the firm posted $1.41 EPS. The business’s revenue was up 23.0% on a year-over-year basis. As a group, analysts anticipate that FedEx Co. will post 17.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Stockholders of record on Monday, March 8th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, March 5th. FedEx’s payout ratio is presently 27.37%.
FedEx Company Profile
FedEx Corporation provides transportation, e-commerce, and business services worldwide. Its FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment offers 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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