Nikulski Financial Inc. lowered its position in shares of FedEx Co. (NYSE:FDX) by 9.7% during the second quarter, Holdings Channel reports. The fund owned 2,759 shares of the shipping service provider’s stock after selling 295 shares during the quarter. Nikulski Financial Inc.’s holdings in FedEx were worth $455,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Sageworth Trust Co bought a new stake in FedEx in the second quarter worth approximately $25,000. Cordasco Financial Network grew its position in FedEx by 181.8% in the first quarter. Cordasco Financial Network now owns 155 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 100 shares in the last quarter. Covenant Multifamily Offices LLC bought a new stake in FedEx in the first quarter worth approximately $29,000. Evolution Wealth Advisors LLC bought a new stake in FedEx in the first quarter worth approximately $31,000. Finally, Endurance Wealth Management Inc. grew its position in FedEx by 375.0% in the first quarter. Endurance Wealth Management Inc. now owns 190 shares of the shipping service provider’s stock worth $34,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 68.87% of the company’s stock.
Several analysts have commented on FDX shares. ValuEngine downgraded shares of FedEx from a “hold” rating to a “sell” rating in a research report on Thursday. Deutsche Bank reissued a “buy” rating on shares of FedEx in a research report on Wednesday, June 26th. Goldman Sachs Group started coverage on shares of FedEx in a research report on Wednesday, July 10th. They issued a “buy” rating and a $200.00 target price for the company. Citigroup decreased their target price on shares of FedEx from $192.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, June 26th. Finally, UBS Group set a $136.00 target price on shares of FedEx and gave the stock a “sell” rating in a research report on Wednesday, June 26th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. FedEx currently has an average rating of “Buy” and an average target price of $191.63.
NYSE FDX opened at $163.31 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.39 and a debt-to-equity ratio of 0.94. The business’s fifty day moving average price is $166.08. The company has a market cap of $44.96 billion, a P/E ratio of 10.52, a P/E/G ratio of 0.93 and a beta of 1.65. FedEx Co. has a 1 year low of $150.68 and a 1 year high of $259.25.
FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, June 25th. The shipping service provider reported $5.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.93 by $0.08. The business had revenue of $17.81 billion during the quarter, compared to the consensus estimate of $17.85 billion. FedEx had a net margin of 0.77% and a return on equity of 21.57%. FedEx’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.91 EPS. As a group, sell-side analysts anticipate that FedEx Co. will post 14.61 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Monday, June 24th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Friday, June 21st. FedEx’s payout ratio is currently 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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