CEOWORLD magazine - Latest - Wealth Management - BlackRock and Vanguard Group Increases Position in FedEx Corporation (FDX)

Wealth Management

BlackRock and Vanguard Group Increases Position in FedEx Corporation (FDX)

FedEx Corporation

The President and Chief Executive Officer of FedEx Corporation, Raj Subramaniam, recently sold some of his shares in the company. The total number of shares sold was 11,125, and the sale was completed at an average price of $231.01, resulting in a total transaction amount of $2,569,986.25. After the sale, the CEO now holds 39,483 shares of FedEx stock, valued at $9,120,967.83.

Raj Subramaniam was recently ranked No. 58 in a list of the world’s best CEOs for 2023; meanwhile, FedEx Corporation ranked No. 68 in the CEOWORLD magazine’s ranking of the most influential companies in the world.

According to reports, the majority of the company’s stock, specifically 72.02%, is currently owned by hedge funds and other institutional investors. Additionally, various other institutional investors and hedge funds have either increased or decreased their stakes in FDX.

What are large shareholders doing?

During the third quarter, Vanguard Group Inc. acquired an additional 220,183 shares of FedEx, resulting in a 1.2% increase in their stake. With this acquisition, Vanguard Group Inc. now owns 18,835,505 shares of FedEx’s stock, which is valued at $2,796,508,000.

BlackRock Inc. increased its holdings in FedEx by 2.9%. The company now possesses 16,818,843 shares of the shipping service provider’s stock, which are valued at $2,497,094,000. This was accomplished by purchasing an additional 469,345 shares in the last quarter.

Primecap Management Co. CA raised its holdings in FedEx by 3.3%, resulting in the ownership of 13,878,717 shares of the shipping service provider’s stock valued at $2,060,573,000. Primecap Management Co. CA accomplished this by acquiring an extra 445,125 shares during the last quarter.

LSV Asset Management grew its stake in FedEx by 9.1% during the third quarter. LSV Asset Management now owns 1,645,580 shares of the shipping service provider’s stock worth $244,319,000 after buying an additional 136,862 shares during the period.

Mawer Investment Management Ltd. boosted its stake in shares of FedEx by 27.8% in the fourth quarter. Mawer Investment Management Ltd. now owns 1,285,095 shares of the shipping service provider’s stock valued at $222,578,000 after purchasing an additional 279,825 shares during the period.

Financial Partners Group LLC now holds a new stake in FedEx Corporation (FDX) as of the fourth quarter. The shipping service provider’s stock makes up about 3.2% of the fund’s investment portfolio, ranking as its 12th largest position. The investment consisted of 31,619 shares valued at approximately $5,476,000.

Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Thank you for supporting our journalism. Subscribe here.
For media queries, please contact:
CEOWORLD magazine - Latest - Wealth Management - BlackRock and Vanguard Group Increases Position in FedEx Corporation (FDX)
Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.