The most recent 13F filing that Bartlett & Co LLC has made with the Securities and Exchange Commission (SEC) indicates that shareholders of FedEx Company (NYSE: FDX) experienced a decline in their holdings of the company’s stock of 4.8% during the period covered by the filing.
After the end of the period, the institutional investor had a total of 191,770 shares of the stock held by the shipping services provider, having previously sold 9,610 shares.
Those shares were held in total by the investor.
According to the most recent report Bartlett & Co LLC submitted to the SEC, the company owned approximately 0.08% of FedEx, with a market value of $33,438,000.
On December 20, a Tuesday, FedEx (NYSE: FDX) made public its most recent quarterly results report.
The shipping company reported profits for the quarter totaling $3.18, which is $0.41 higher than the average forecast for profits made by analysts in the shipping industry, which was $2.77.
The revenue for the company was $22.81 billion for the quarter, which is significantly lower than the predictions of the experts, which were $23.66 billion in revenue. FedEx generated a return on equity of 19.17%, and its net margin was 3.54%.
Both of these figures are impressive.
According to projections made by market analysts, FedEx Company is expected to generate earnings of $13.5 per share in the current fiscal year.
On Thursday, the NYSE FDX began trading for $195.30, the opening price.
The simple moving average of the company’s stock price over the past 50 days is $199.99, and the simple moving average over the past 200 days is $181.45.
A market capitalization of $49.29 billion, a price-to-earnings ratio of 15.34, a price-to-earnings-to-growth ratio of 1.22, and a beta coefficient of 1.31 currently characterize the company.
During the past year, the price of FedEx Company has fluctuated between $141.92 and $248.76, reaching a low of $141.92 and a high of $248.76, respectively.
The debt-to-equity ratio is currently at 0.83, the current ratio is 1.30, and the quick ratio is also 1.25.
Several hedge funds have recently adjusted the size of their company investments, a trend observed in the most recent few months.
During the second quarter, Physicians Financial Services INC increased the proportion of its stock portfolio invested in FedEx by 0.6%.
After purchasing 43 additional shares during the most recent quarter, Physicians Financial Services INC now has 7,133 shares of the stock in the transportation service provider, equivalent to a value of $1,617,000.
During the second quarter, Probity Advisors INC increased the percentage of FedEx shares it owned in its portfolio by 2.1%.
The company ended the period with a total of 2,282 shares of the stock of the transportation service provider, which have a value of $517,000 thanks to the purchase of an additional 47 shares during the period in question.
Laraway Financial Consultants, INC increased the percentage of FedEx stock owned by 2.0% during the first three months of 2018.
Laraway Financial Advisors INC now has 2,490 shares of the stock of the transportation service provider, which has an estimated market value of $575,000 after purchasing an additional 50 shares during the most recent quarter.
During the second quarter, Woodmont Investment Counsel LLC completed a 2.5 percent increase in the proportion of its holdings allocated to FedEx. Following acquiring an additional 60 shares of the company’s stock during the most recent fiscal quarter, Woodmont Investment Counsel LLC now holds 2,415 shares.
At present, the market value of the company is calculated to be 548,000 dollars.
And finally, during the report’s second-quarter period, Options Solutions LLC increased the proportion of FedEx stock owned by an additional 6.5%. Choices Solutions LLC now has 987 shares of the stock in the transportation service provider, worth a combined total of $224,000 after purchasing an additional 60 shares during the preceding quarter.
To the tune of 72.02 percent, the company’s stock is owned by institutional investors who are investing in the company.
In addition, the company disclosed a quarterly dividend, which is scheduled to be distributed on the following Monday, April 3. On Monday, March 13, ” recorded ” stockholders will be paid a dividend amounting to $1.15 per share.
This equates to an annual dividend payment of $4.60, equivalent to a dividend yield of 2.36%.
The ex-dividend day is March 10, which is coming up this Friday.
The payout ratio for FedEx is currently sitting at 36.14 percent as of right now.
In related news, on January 3, Director Amy B.
Lane purchased 280 shares of the company.
This is an important development that pertains to this topic.
The total cost of purchasing the shares was $49,232.40, corresponding to an average price of $175.83.
The price was determined by multiplying the total cost by 100. Following the transaction’s completion, the director acquired 1,529 shares of the company, which have a total value of 268,844.07 dollars.
If you follow this link, which will take you to a document presented to the SEC, you can access additional details regarding the acquisition.
The insiders own the company’s stock to the extent of 8.62%.