Trade Report: The FedEx Corp. (FDX) Position Held by Supplemental Annuity Collective Trust of NJ

The FedEx Corp. (FDX) Position Held by Supplemental Annuity Collective Trust of NJ

Supplemental Annuity Collective Trust of NJ maintained its position in FedEx Corp. (NYSE:FDX) during the second quarter, Holdings Channel reports. The fund owned 6,000 shares of the shipping service provider’s stock at the end of the second quarter. Supplemental Annuity Collective Trust of NJ’s holdings in FedEx Corp. were worth $911,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of FDX. Allen Investment Management LLC increased its position in shares of FedEx Corp. by 4.1% in the first quarter. Allen Investment Management LLC now owns 7,043 shares of the shipping service provider’s stock valued at $1,146,000 after buying an additional 279 shares during the last quarter. National Pension Service increased its position in shares of FedEx Corp. by 4.1% in the first quarter. National Pension Service now owns 149,497 shares of the shipping service provider’s stock valued at $24,326,000 after buying an additional 5,910 shares during the last quarter. Invictus RG purchased a new position in shares of FedEx Corp. during the first quarter valued at approximately $161,000. Williams Jones & Associates LLC increased its position in shares of FedEx Corp. by 1.4% in the first quarter. Williams Jones & Associates LLC now owns 111,653 shares of the shipping service provider’s stock valued at $18,168,000 after buying an additional 1,543 shares during the last quarter. Finally, Diker Management LLC increased its position in shares of FedEx Corp. by 38.9% in the first quarter. Diker Management LLC now owns 8,924 shares of the shipping service provider’s stock valued at $1,452,000 after buying an additional 2,500 shares during the last quarter. 73.67% of the stock is currently owned by institutional investors.

FedEx Corp. (NYSE:FDX) traded down 0.09% during midday trading on Friday, hitting $174.25. 1,502,716 shares of the stock traded hands. The company has a 50-day moving average of $170.47 and a 200-day moving average of $164.30. The stock has a market cap of $46.31 billion, a PE ratio of 26.06 and a beta of 1.28. FedEx Corp. has a 12 month low of $119.71 and a 12 month high of $177.36.

FedEx Corp. (NYSE:FDX) last announced its quarterly earnings results on Tuesday, September 20th. The shipping service provider reported $2.90 EPS for the quarter, beating the consensus estimate of $2.81 by $0.09. The firm had revenue of $14.70 billion for the quarter. FedEx Corp. had a return on equity of 21.65% and a net margin of 3.49%. The business’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.42 EPS. On average, equities research analysts anticipate that FedEx Corp. will post $12.14 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Monday, September 12th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. FedEx Corp.’s dividend payout ratio is currently 23.99%.

Several brokerages recently commented on FDX. Vetr downgraded shares of FedEx Corp. from a “buy” rating to a “hold” rating and set a $179.94 target price on the stock. in a research note on Tuesday, September 27th. Citigroup Inc. reaffirmed a “buy” rating on shares of FedEx Corp. in a research note on Thursday, September 22nd. Zacks Investment Research raised shares of FedEx Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 22nd. Robert W. Baird reaffirmed an “outperform” rating and issued a $185.00 target price on shares of FedEx Corp. in a research note on Friday, September 23rd. Finally, Sanford C. Bernstein set a $159.00 target price on shares of FedEx Corp. and gave the stock a “neutral” rating in a research note on Wednesday, September 21st. Ten research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. FedEx Corp. presently has a consensus rating of “Buy” and a consensus target price of $176.59.

In other news, Director John A. Edwardson sold 2,882 shares of the firm’s stock in a transaction on Friday, August 5th. The stock was sold at an average price of $162.63, for a total transaction of $468,699.66. Following the transaction, the director now owns 29,090 shares in the company, valued at $4,730,906.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alan B. Graf, Jr. sold 7,400 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $159.43, for a total value of $1,179,782.00. Following the transaction, the executive vice president now owns 150,665 shares in the company, valued at approximately $24,020,520.95. The disclosure for this sale can be found here. Insiders own 8.67% of the company’s stock.

FedEx Corp. Company Profile

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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