TCI Wealth Advisors Inc. cut its holdings in FedEx Co. (NYSE:FDX) by 11.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,617 shares of the shipping service provider’s stock after selling 353 shares during the period. TCI Wealth Advisors Inc.’s holdings in FedEx were worth $396,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of FDX. Autus Asset Management LLC increased its holdings in FedEx by 0.6% in the 4th quarter. Autus Asset Management LLC now owns 29,132 shares of the shipping service provider’s stock valued at $4,405,000 after purchasing an additional 170 shares in the last quarter. State of Michigan Retirement System increased its holdings in FedEx by 0.5% in the 4th quarter. State of Michigan Retirement System now owns 58,012 shares of the shipping service provider’s stock valued at $8,772,000 after purchasing an additional 300 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV increased its holdings in FedEx by 20.6% in the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 5,545 shares of the shipping service provider’s stock valued at $838,000 after purchasing an additional 947 shares in the last quarter. Strs Ohio increased its holdings in FedEx by 71.8% in the 4th quarter. Strs Ohio now owns 195,775 shares of the shipping service provider’s stock valued at $29,603,000 after purchasing an additional 81,803 shares in the last quarter. Finally, Jolley Asset Management LLC increased its holdings in FedEx by 9.6% in the 4th quarter. Jolley Asset Management LLC now owns 3,315 shares of the shipping service provider’s stock valued at $501,000 after purchasing an additional 290 shares in the last quarter. Institutional investors own 69.89% of the company’s stock.
In other FedEx news, Director John A. Edwardson bought 10,000 shares of the business’s stock in a transaction on Friday, December 20th. The shares were purchased at an average price of $148.22 per share, with a total value of $1,482,200.00. Following the completion of the acquisition, the director now directly owns 77,966 shares of the company’s stock, valued at approximately $11,556,120.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John A. Edwardson bought 5,000 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was acquired at an average cost of $151.75 per share, for a total transaction of $758,750.00. Following the acquisition, the director now directly owns 62,966 shares of the company’s stock, valued at $9,555,090.50. The disclosure for this purchase can be found here. Company insiders own 8.44% of the company’s stock.
Shares of FDX stock opened at $149.60 on Monday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.20 and a current ratio of 1.25. FedEx Co. has a one year low of $137.78 and a one year high of $199.32. The company’s 50-day simple moving average is $155.91 and its 200-day simple moving average is $157.42. The stock has a market capitalization of $40.23 billion, a price-to-earnings ratio of 712.38, a PEG ratio of 1.18 and a beta of 1.68.
FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, December 17th. The shipping service provider reported $2.51 EPS for the quarter, missing the 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 company had revenue of $17.32 billion for the quarter, compared to the consensus estimate of $17.69 billion. During the same period in the previous year, the business posted $4.03 EPS. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, research analysts forecast that FedEx Co. will post 10.84 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 9th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $2.60 annualized dividend and a dividend yield of 1.74%. FedEx’s payout ratio is 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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