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FedEx's earnings beat estimates, drawing increased investment stakes despite mixed analyst ratings.
Hedge fund BHK Investment Advisors and several other institutional investors increased their stakes in FedEx, while the company reported earnings of $4.05 per share, beating estimates by $0.17.
Analysts gave mixed ratings, with some raising price targets and others downgrading the stock.
FedEx is set to pay a quarterly dividend of $1.38 per share on April 1st, and the company has a market cap of $60.92 billion and a dividend yield of 2.18%.
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Las ganancias de FedEx superaron las estimaciones, con un aumento de las inversiones a pesar de las calificaciones de analistas mixtos.