Iberiabank Corp reduced its stake in FedEx Co. (NYSE:FDX) by 52.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,253 shares of the shipping service provider’s stock after selling 2,534 shares during the period. Iberiabank Corp’s holdings in FedEx were worth $542,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Achmea Investment Management B.V. increased its holdings in FedEx by 188.1% in the first quarter. Achmea Investment Management B.V. now owns 3,503 shares of the shipping service provider’s stock valued at $839,000 after buying an additional 2,287 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in FedEx by 18.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 45,195 shares of the shipping service provider’s stock valued at $10,776,000 after buying an additional 7,114 shares during the last quarter. LPL Financial LLC increased its holdings in FedEx by 30.3% in the first quarter. LPL Financial LLC now owns 104,506 shares of the shipping service provider’s stock valued at $25,093,000 after buying an additional 24,277 shares during the last quarter. Mariner LLC increased its holdings in FedEx by 4.8% in the first quarter. Mariner LLC now owns 7,126 shares of the shipping service provider’s stock valued at $1,711,000 after buying an additional 328 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in FedEx by 139.4% in the first quarter. Cubist Systematic Strategies LLC now owns 9,532 shares of the shipping service provider’s stock valued at $2,289,000 after buying an additional 5,551 shares during the last quarter. Institutional investors and hedge funds own 72.77% of the company’s stock.
In other news, Director John A. Edwardson sold 1,160 shares of the stock in a transaction dated Wednesday, September 19th. The shares were sold at an average price of $242.35, for a total transaction of $281,126.00. Following the completion of the sale, the director now owns 32,800 shares in the company, valued at $7,949,080. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.50% of the stock is currently owned by corporate insiders.
Shares of FDX stock opened at $221.00 on Friday. The stock has a market cap of $63.45 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.09 and a beta of 1.44. FedEx Co. has a 1 year low of $214.17 and a 1 year high of $274.66. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.26 and a current ratio of 1.32.
FedEx (NYSE:FDX) last issued its quarterly earnings data on Monday, September 17th. The shipping service provider reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.78 by ($0.32). The firm had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.88 billion. FedEx had a return on equity of 23.71% and a net margin of 7.16%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.65 EPS. Analysts predict that FedEx Co. will post 17.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 10th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 7th. This represents a $2.60 annualized dividend and a dividend yield of 1.18%. FedEx’s dividend payout ratio (DPR) is 16.98%.
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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