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FedEx beat earnings expectations, announced a $1.38 dividend, as institutional investors raised stakes.
Hedge fund BHK Investment Advisors and other institutional investors increased their stakes in FedEx, with some raising price targets and others downgrading ratings.
FedEx surpassed earnings expectations, reporting $4.05 per share, and announced a quarterly dividend of $1.38.
The company's market cap is $60.92 billion, with a P/E ratio of 16.12 and a dividend yield of 2.18%.
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FedEx superó las expectativas de ganancias y anunció un dividendo de 1,38 dólares, ya que los inversores institucionales aumentaron sus participaciones.