UMB Bank N A MO Boosts Position in FedEx Co. (FDX)
UMB Bank N A MO increased its holdings in shares of FedEx Co. (NYSE:FDX) by 38.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,053 shares of the shipping service provider’s stock after purchasing an additional 8,657 shares during the quarter. UMB Bank N A MO’s holdings in FedEx were worth $7,749,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Salem Investment Counselors Inc. boosted its position in FedEx by 2.8% during the 2nd quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after acquiring an additional 13 shares during the last quarter. Krilogy Financial LLC boosted its position in FedEx by 0.4% during the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock worth $111,000 after acquiring an additional 2 shares during the last quarter. Financial Engines Advisors L.L.C. acquired a new position in FedEx during the 3rd quarter worth approximately $132,000. Massey Quick Simon & CO. LLC acquired a new position in FedEx during the 3rd quarter worth approximately $136,000. Finally, Carroll Financial Associates Inc. boosted its position in FedEx by 61.1% during the 3rd quarter. Carroll Financial Associates Inc. now owns 633 shares of the shipping service provider’s stock worth $140,000 after acquiring an additional 240 shares during the last quarter. 75.71% of the stock is owned by institutional investors and hedge funds.
Shares of FedEx Co. (NYSE FDX) opened at $273.89 on Tuesday. FedEx Co. has a twelve month low of $182.89 and a twelve month high of $274.66. The stock has a market capitalization of $73,370.00, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 1.62 and a beta of 1.36. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Friday, December 8th. FedEx’s dividend payout ratio is 18.38%.
A number of equities analysts have weighed in on the company. Citigroup upped their price target on FedEx to $275.00 and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Barclays reaffirmed an “overweight” rating and set a $270.00 price target (up previously from $230.00) on shares of FedEx in a research report on Thursday, November 30th. They noted that the move was a valuation call. KeyCorp assumed coverage on FedEx in a research report on Tuesday, October 10th. They set an “overweight” rating and a $260.00 price target for the company. Goldman Sachs Group assumed coverage on FedEx in a research report on Monday, November 13th. They set a “buy” rating and a $270.00 price target for the company. Finally, Stifel Nicolaus upped their price target on FedEx from $221.00 to $272.00 and gave the stock a “hold” rating in a research report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $270.49.
In other FedEx news, COO David J. Bronczek sold 46,555 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the completion of the sale, the chief operating officer now owns 48,562 shares of the company’s stock, valued at approximately $12,407,105.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Henry J. Maier sold 11,150 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total value of $2,547,329.00. Following the sale, the insider now directly owns 36,747 shares of the company’s stock, valued at approximately $8,395,219.62. The disclosure for this sale can be found here. Insiders have sold a total of 68,671 shares of company stock valued at $17,137,160 in the last ninety days. Insiders own 8.45% of the company’s stock.
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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