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Family Legacy Inc. bought more FedEx stock, while the company missed earnings estimates but raised its dividend.
Family Legacy Inc. increased its FedEx stock holdings by 17.7%, now owning 2,137 shares worth $588,000.
FedEx reported earnings of $4.51 per share for the quarter, missing estimates by $0.05.
The company also announced a quarterly dividend of $1.38, giving an annual yield of 2.28%.
FedEx operates in transportation and e-commerce services through its various segments.
Additionally, other investors, including Meridian Investment Counsel Inc., have been adjusting their stakes in FedEx.
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Family Legacy Inc. compró más acciones de FedEx, mientras que la compañía perdió las estimaciones de ganancias, pero aumentó su dividendo.