Virtu Financial LLC grew its stake in shares of FedEx Co. (NYSE:FDX) by 116.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 11,195 shares of the shipping service provider’s stock after acquiring an additional 6,021 shares during the quarter. Virtu Financial LLC’s holdings in FedEx were worth $2,794,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Krilogy Financial LLC lifted its position in shares of 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 acquiring an additional 2 shares during the period. Salem Investment Counselors Inc. lifted its position in shares of 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 acquiring an additional 13 shares during the period. RNC Capital Management LLC lifted its position in shares of FedEx by 0.8% during the 2nd quarter. RNC Capital Management LLC now owns 1,996 shares of the shipping service provider’s stock valued at $434,000 after acquiring an additional 15 shares during the period. High Falls Advisors Inc lifted its position in shares of FedEx by 2.1% during the 2nd quarter. High Falls Advisors Inc now owns 1,124 shares of the shipping service provider’s stock valued at $244,000 after acquiring an additional 23 shares during the period. Finally, Sii Investments Inc. WI lifted its position in shares of FedEx by 1.3% during the 2nd quarter. Sii Investments Inc. WI now owns 3,402 shares of the shipping service provider’s stock valued at $739,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 74.65% of the company’s stock.
FDX has been the subject of a number of recent analyst reports. Stephens set a $306.00 target price on FedEx and gave the company a “buy” rating in a research report on Wednesday, December 20th. Robert W. Baird restated a “buy” rating and set a $280.00 price objective on shares of FedEx in a research report on Tuesday, January 9th. Citigroup restated a “buy” rating and set a $280.00 price objective on shares of FedEx in a research report on Wednesday, December 20th. Zacks Investment Research upgraded FedEx from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Argus upped their price objective on FedEx from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Tuesday, December 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $275.04.
FedEx Co. (NYSE:FDX) traded down $3.86 during trading on Wednesday, reaching $246.91. The company’s stock had a trading volume of 1,539,312 shares, compared to its average volume of 1,910,000. The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $66,140.00, a P/E ratio of 22.69, a PEG ratio of 1.44 and a beta of 1.32. FedEx Co. has a 1 year low of $182.89 and a 1 year high of $274.66.
FedEx (NYSE:FDX) last posted its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, beating the consensus estimate of $2.89 by $0.29. The firm had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $15.67 billion. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned $2.80 earnings per share. equities research analysts forecast that FedEx Co. will post 13.45 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 12th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, March 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.81%. FedEx’s payout ratio is 18.38%.
In other news, Director David P. Steiner sold 3,016 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $266.05, for a total value of $802,406.80. Following the completion of the sale, the director now owns 16,040 shares of the company’s stock, valued at $4,267,442. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO David J. Bronczek sold 46,555 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total value of $11,894,336.95. Following the completion of the sale, the chief operating officer now directly owns 48,562 shares of the company’s stock, valued at approximately $12,407,105.38. The disclosure for this sale can be found here. In the last three months, insiders sold 53,541 shares of company stock valued at $13,692,142. Insiders own 8.45% of the company’s stock.
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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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