FedEx Co. (NYSE:FDX) Stake Boosted by Sentry LLC

Sentry LLC lifted its position in FedEx Co. (NYSE:FDX) by 0.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,217,117 shares of the shipping service provider’s stock after buying an additional 5,404 shares during the period. FedEx makes up about 66.7% of Sentry LLC’s investment portfolio, making the stock its biggest position. Sentry LLC owned approximately 0.51% of FedEx worth $342,412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDX. Northwestern Mutual Wealth Management Co. boosted its stake in shares of FedEx by 7.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,330 shares of the shipping service provider’s stock worth $10,298,000 after buying an additional 2,265 shares during the last quarter. Sunbelt Securities Inc. lifted its position in FedEx by 19.5% during the second quarter. Sunbelt Securities Inc. now owns 686 shares of the shipping service provider’s stock valued at $206,000 after purchasing an additional 112 shares in the last quarter. Regal Investment Advisors LLC grew its holdings in FedEx by 26.2% during the second quarter. Regal Investment Advisors LLC now owns 1,950 shares of the shipping service provider’s stock valued at $585,000 after purchasing an additional 405 shares during the period. EP Wealth Advisors LLC increased its position in FedEx by 23.8% in the second quarter. EP Wealth Advisors LLC now owns 3,829 shares of the shipping service provider’s stock worth $1,148,000 after buying an additional 737 shares in the last quarter. Finally, Ariadne Wealth Management LP bought a new position in shares of FedEx in the second quarter worth about $103,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at FedEx

In related news, EVP John W. Dietrich acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the acquisition, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at $2,484,176.66. This represents a 12.40 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane purchased 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The stock was acquired at an average price of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by company insiders.

FedEx Price Performance

FDX stock opened at $275.34 on Thursday. FedEx Co. has a 12 month low of $234.45 and a 12 month high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The company has a 50-day moving average price of $281.09 and a 200 day moving average price of $282.86. The stock has a market cap of $66.32 billion, a PE ratio of 17.55, a P/E/G ratio of 1.12 and a beta of 1.20.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same period in the previous year, the company earned $3.99 EPS. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were paid a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.00%. FedEx’s dividend payout ratio is presently 35.18%.

Analyst Ratings Changes

Several research firms recently issued reports on FDX. Barclays increased their target price on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Loop Capital upgraded shares of FedEx from a “hold” rating to a “buy” rating and lifted their target price for the company from $288.00 to $365.00 in a research note on Friday, December 20th. Wells Fargo & Company increased their price target on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Sanford C. Bernstein lowered FedEx from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $337.00 to $316.00 in a research note on Tuesday, December 3rd. Finally, BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.43.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.