FedEx Co. (FDX) Shares Bought by Merriman Wealth Management …
Merriman Wealth Management boosted its position in FedEx Co. (NYSE:FDX) by 1.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,121 shares of the shipping service provider s stock after buying an additional 75 shares during the period. FedEx accounts for approximately 0.9% of Merriman Wealth Management s portfolio, making the stock its 23rd largest position. Merriman Wealth Management s holdings in FedEx were worth $591,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Crow Point Partners bought a new stake in FedEx during the third quarter valued at approximately $265,000. EQIS Capital Management bought a new stake in FedEx during the fourth quarter valued at approximately $226,000. F&V Capital Management boosted its stake in FedEx by 1.9% in the fourth quarter. F&V Capital Management now owns 37,190 shares of the shipping service provider s stock valued at $5,540,000 after buying an additional 685 shares in the last quarter. Chelsea Counsel Company boosted its stake in FedEx by 6.3% in the third quarter. Chelsea Counsel Company now owns 2,252 shares of the shipping service provider s stock valued at $324,000 after buying an additional 134 shares in the last quarter. Finally, Kistler-Tiffany Companies boosted its stake in FedEx by 2.5% in the fourth quarter. Kistler-Tiffany Companies now owns 1,137 shares of the shipping service provider s stock valued at $169,000 after buying an additional 28 shares in the last quarter. Shares of FedEx Co. (NYSE:FDX) opened at 134.59 on Friday. The firm has a 50-day moving average of $151.43 and a 200-day moving average of $157.47. FedEx Co. has a 12-month low of $130.13 and a 12-month high of $185.19. The company has a market cap of $37.10 billion and a P/E ratio of 34.51. FedEx (NYSE:FDX) last released its quarterly earnings results on Wednesday, December 16th. The shipping service provider reported $2.58 earnings per share for the quarter, beating analysts consensus estimates of $2.52 by $0.06. The firm had revenue of $12.50 billion for the quarter, compared to the consensus estimate of $12.45 billion. The firm s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.14 earnings per share. Analysts predict that FedEx Co. will post $10.57 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, January 4th. Investors of record on Monday, December 14th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Thursday, December 10th. Several research firms recently commented on FDX. Zacks Investment Research raised shares of FedEx from a sell rating to a hold rating in a research report on Monday, November 23rd. Wolfe Research cut shares of FedEx from an outperform rating to a market perform rating in a research report on Monday, November 30th. Cowen and Company reissued an outperform rating and set a $190.00 price target on shares of FedEx in a research report on Wednesday, November 25th. Vetr cut shares of FedEx from a buy rating to a hold rating and set a $167.67 price target on the stock. in a research report on Monday, November 16th. Finally, Robert W. Baird cut their price target on shares of FedEx from $187.00 to $182.00 in a research report on Friday, November 6th. Ten equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company s stock. The stock currently has a consensus rating of Buy and an average target price of $183.44. In related news, CEO David J. Bronczek sold 39,499 shares of the business s stock in a transaction that occurred on Friday, December 18th. The shares were sold at an average price of $148.71, for a total transaction of $5,873,896.29. Following the completion of the transaction, the chief executive officer now owns 52,280 shares of the company s stock, valued at $7,774,558.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Henry J. Maier sold 6,177 shares of the business s stock in a transaction that occurred on Tuesday, December 22nd. The shares were sold at an average price of $146.43, for a total transaction of $904,498.11. Following the transaction, the chief executive officer now directly owns 20,857 shares of the company s stock, valued at approximately $3,054,090.51. The disclosure for this sale can be found here.
FedEx Corporation (NYSE:FDX) provides a portfolio of transportation, e-commerce and business services under the FedEx brand. The Company offers its services through companies constituting four business segments: FedEx Express, FedEx Ground, FedEx Freight and FedEx Services. FedEx Express offers a range of domestic and international shipping services for delivery of packages and freight. FedEx Ground provides business and residential money-back guaranteed ground package delivery services. FedEx Freight offers less-than-truckload (LTL) freight services. FedEx Services provides FedEx s other companies with sales, marketing, information technology, communications, customer service and certain other back-office support. The Company s subsidiaries include Federal Express Corporation, FedEx Trade Networks, Inc., FedEx Ground Package System, Inc., FedEx SmartPost, Inc., FedEx Corporate Services, Inc. and GENCO Distribution System, Inc., among others.
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