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Los Angeles Capital Management LLC has sold shares of FedEx Corp. (NYSE:FDX).

Los Angeles Capital Management LLC has sold shares of FedEx Corp. (NYSE:FDX).

During the third quarter, Los Angeles Capital Management LLC liquidated 74.6% of its holdings in FedEx Company (NYSE: FDX), as stated in the most recent filing that the company has made with the SEC. The corporation was left with 107,013 shares of the stock of the transportation service provider after that period’s sales of 314,795 shares, which brought the total number of shares owned by the corporation down to 107,013. According to an evaluation by Los Angeles Capital Management LLC after the most recent fiscal quarter, FedEx had a value of $15,880,000.

There have been additional large investors who have made adjustments to their holdings in the company, and these adjustments have been made recently. During the third quarter, Wedbush Securities Inc. increased the percentage of FedEx stock it held in its portfolio by 26.7%. Wedbush Securities Inc. now has a total of 8,998 shares of the stock in the transportation service provider, which are worth a total of $1,336,000 after making an additional purchase of 1,898 shares during the quarter. This brings the company’s total number of shares to 8,998. During the second quarter of this year, Ritholtz Wealth Management achieved a 33.6% increase in the proportion of FedEx shares that comprised its total holdings. Ritholtz Wealth Management now holds 1,273 shares of the company’s stock after purchasing an additional 320 shares of the transportation service provider’s stock during the quarter. The company’s stock is currently valued at $289,000, and Ritholtz Wealth Management’s holdings are worth that amount. The investment firm Janney Montgomery Scott LLC increased the proportion of its holdings invested in FedEx by 12.4% during the third quarter. Janney Montgomery Scott LLC now owns a total of 112,949 shares of the stock of the transportation service provider, which have a value of $16,775,000 following the purchase of an additional 12,455 shares during the most recent quarter. This brings the total number of shares owned by the company to 112,945. During the third quarter, Raymond James & Associates made a 5.8 percentage point increase in the proportion of FedEx shares it owned. Raymond James & Associates now has 348,770 shares of the stock of the transportation service provider, which are worth a total of $51,784,000 after purchasing an additional 19,145 shares during the most recent quarter. This brings the company’s total number of shares to 348,770. And finally, during the company’s fiscal year’s third quarter, Benjamin Edwards Inc. increased the proportion of FedEx stock that is owned by 14.3%. Benjamin Edwards Inc. now has 2,697 shares of the company that provides transportation services after purchasing an additional 337 shares during the most recent quarter. These shares are valued at a combined total of $400,000 because of Benjamin Edwards Inc. To the tune of 72.02 percent, the company’s stock is owned by institutional investors and hedge funds.

In other news about FedEx, director Amy B. Lane bought 280 shares of the company’s stock on January 3. The total cost of purchasing the shares was $49,232.40, corresponding to an average of $175.83 per share. The price was determined by multiplying the total cost by 100. Following the completion of the acquisition, the director was vested with ownership of 1,529 company shares, which have an estimated value of $268,844.07 at present. On the Securities and Exchange Commission’s (SEC) website, you can access the information submitted to the SEC regarding the transaction, which is currently available. People currently employed by the company own 8.62% of the total shares outstanding in the company.

When trading started on Wednesday, a share of FedEx stock was going for $188.13 per share. Because the company has a market value of $47.48 billion, a PE ratio of 14.78, a price-to-earnings-growth ratio of 1.16, and a beta value of 1.31, it is an attractive investment opportunity. In addition to that, the price-to-earnings growth ratio currently stands at 1.16. FedEx Company has seen a low point in the past 52 weeks of $141.92, while the company has seen a high point in the past 52 weeks of $256.49. The ratio of current assets to total assets is 1.30; the ratio of quick assets to current assets is 1.25; and the ratio of total assets to current assets is 0.83. The moving average of the company’s stock price over the past 200 days is $188.48, and the moving average over the last 50 days is $176.83.

In addition, the business just recently announced and paid out a quarterly dividend, which was done on January 3 of this year. The dividend was paid out to shareholders. On Monday, December 12, dividend payments to shareholders recorded in the company’s books were sent out. The amount of each dividend payment was $1.15 per share. This past Friday, December 9, was the deadline for customers to submit their payment to receive the dividend. An annual calculation reveals that this translates to a dividend payment of $4.60 and a yield of 2.45%. It has been determined that FedEx’s dividend payout ratio, also known as the DPR, is 36.14 percent.

The stock in question has been the subject of discussion in recent comments made by several market analysts. In a study published on December 22, Jefferies Financial Group upgraded FedEx stock from a “hold” rating to a “buy” rating and increased their target price on shares from $170.00 to $175.00. Additionally, they raised the price range in which they expect the stock to trade. Stephens announced in a research note published on Friday, September 23, that they would be decreasing their target price on FedEx shares from $295.00 to $200.00. In a research report published on Friday, September 23, Cowen downgraded their “outperform” rating on FedEx shares and dropped their price target on the company’s stock from $230.00 to $185.00. These changes were made in response to the company’s quarterly earnings report. Deutsche Bank Aktiengesellschaft disclosed on November 28 that they had increased their price objective on FedEx shares from $190.00 to $217.00. The announcement was made in a research report that was made public that day. In a research note published on Friday, September 23, BMO Capital Markets lowered their “market perform” rating on FedEx shares and their price objective, which had previously been set at $215.00 and had been reduced to $190.00. Eleven equity research analysts have given the stock their recommendation to buy, while thirteen have given their recommendation to hold on to the stock. According to the data provided by Bloomberg, the current recommendation for the company is “Hold,” and the average price objective is set at $205.52 per share.

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