Menora Mivtachim Holdings LTD. lessened its position in shares of FedEx Co. (NYSE:FDX) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,373 shares of the shipping service provider’s stock after selling 270 shares during the quarter. FedEx makes up about 1.7% of Menora Mivtachim Holdings LTD.’s investment portfolio, making the stock its 23rd largest position. Menora Mivtachim Holdings LTD. owned 0.07% of FedEx worth $42,944,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in FDX. Vanguard Group Inc. boosted its stake in FedEx by 2.7% in the 2nd quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock valued at $4,018,446,000 after buying an additional 492,840 shares in the last quarter. BlackRock Inc. boosted its stake in FedEx by 1,912.1% in the 1st quarter. BlackRock Inc. now owns 14,823,307 shares of the shipping service provider’s stock valued at $2,892,768,000 after buying an additional 14,086,601 shares in the last quarter. FMR LLC boosted its stake in FedEx by 0.3% in the 2nd quarter. FMR LLC now owns 4,530,154 shares of the shipping service provider’s stock valued at $984,539,000 after buying an additional 15,382 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in FedEx by 0.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,659,103 shares of the shipping service provider’s stock valued at $795,260,000 after buying an additional 13,383 shares in the last quarter. Finally, Capital World Investors boosted its stake in FedEx by 16.1% in the 2nd quarter. Capital World Investors now owns 3,614,899 shares of the shipping service provider’s stock valued at $785,626,000 after buying an additional 501,617 shares in the last quarter. 76.07% of the stock is currently owned by institutional investors.
Several brokerages recently commented on FDX. Cowen Inc reaffirmed an “outperform” rating and issued a $240.00 price target on shares of FedEx in a research note on Friday, October 13th. Stifel Nicolaus reaffirmed a “neutral” rating on shares of FedEx in a research note on Wednesday, August 16th. Citigroup Inc. reaffirmed a “buy” rating and issued a $235.00 price target on shares of FedEx in a research note on Thursday, September 14th. Bank of America Corporation reaffirmed a “buy” rating and issued a $240.00 price target on shares of FedEx in a research note on Wednesday, September 20th. Finally, Vetr lowered FedEx to a “sell” rating and set a $204.84 price target on the stock. in a research note on Thursday, August 31st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $230.21.
In other news, Director Kim Jabal sold 3,980 shares of the business’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $225.55, for a total transaction of $897,689.00. Following the completion of the sale, the director now owns 6,080 shares in the company, valued at $1,371,344. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael L. Ducker sold 14,964 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $225.85, for a total value of $3,379,619.40. Following the sale, the chief executive officer now owns 53,397 shares of the company’s stock, valued at approximately $12,059,712.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,094 shares of company stock valued at $9,024,637. 8.45% of the stock is currently owned by corporate insiders.
FedEx Co. (NYSE:FDX) opened at $217.00 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.63 and a quick ratio of 1.57. FedEx Co. has a 52-week low of $182.89 and a 52-week high of $231.35. The stock has a market capitalization of $58,188.12, a price-to-earnings ratio of 18.22, a price-to-earnings-growth ratio of 1.36 and a beta of 1.37.
FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.66). FedEx had a net margin of 4.72% and a return on equity of 20.69%. The business had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. During the same quarter in the previous year, the firm posted $2.90 EPS. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. equities research analysts expect that FedEx Co. will post 12.47 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, December 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.92%. FedEx’s payout ratio is currently 18.87%.
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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