SevenBridge Financial Group LLC boosted its stake in FedEx Co. (NYSE:FDX) by 123.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,518 shares of the shipping service provider’s stock after purchasing an additional 5,255 shares during the quarter. SevenBridge Financial Group LLC’s holdings in FedEx were worth $1,386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. Buckingham Capital Management Inc. boosted its stake in shares of FedEx by 18.5% during the 1st quarter. Buckingham Capital Management Inc. now owns 10,516 shares of the shipping service provider’s stock valued at $1,908,000 after buying an additional 1,645 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of FedEx by 118.3% during the first quarter. Rockefeller Capital Management L.P. now owns 991 shares of the shipping service provider’s stock valued at $180,000 after purchasing an additional 537 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in shares of FedEx by 30.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,009,956 shares of the shipping service provider’s stock valued at $183,215,000 after purchasing an additional 237,339 shares during the period. Hoylecohen LLC increased its holdings in shares of FedEx by 15.7% during the first quarter. Hoylecohen LLC now owns 6,897 shares of the shipping service provider’s stock valued at $1,251,000 after purchasing an additional 935 shares during the period. Finally, Ascent Wealth Partners LLC increased its holdings in shares of FedEx by 10.5% during the first quarter. Ascent Wealth Partners LLC now owns 4,581 shares of the shipping service provider’s stock valued at $831,000 after purchasing an additional 437 shares during the period. Institutional investors and hedge funds own 71.32% of the company’s stock.

FDX stock traded up $0.14 during trading hours on Wednesday, hitting $138.53. 34,928 shares of the stock traded hands, compared to its average volume of 2,261,468. The stock has a 50-day simple moving average of $154.47 and a 200 day simple moving average of $167.40. FedEx Co. has a one year low of $138.38 and a one year high of $234.75. The company has a market cap of $37.31 billion, a P/E ratio of 8.90, a P/E/G ratio of 0.98 and a beta of 1.72. The company has a current ratio of 1.31, a quick ratio of 1.25 and a debt-to-equity ratio of 1.70.

FedEx (NYSE:FDX) last announced its earnings results on Tuesday, September 17th. The shipping service provider reported $3.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.12). FedEx had a net margin of 0.65% and a return on equity of 21.15%. The firm had revenue of $17.05 billion for the quarter, compared to the consensus estimate of $17.05 billion. During the same period in the prior year, the business earned $3.46 EPS. The company’s quarterly revenue was up .0% compared to the same quarter last year. Analysts forecast that FedEx Co. will post 12.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 9th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.60 annualized dividend and a yield of 1.88%. FedEx’s dividend payout ratio is currently 16.75%.

In related news, Director Paul S. Walsh sold 4,440 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $161.88, for a total value of $718,747.20. Following the completion of the transaction, the director now owns 16,440 shares in the company, valued at approximately $2,661,307.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Brad Martin purchased 1,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was bought at an average price of $145.00 per share, with a total value of $145,000.00. Following the transaction, the director now directly owns 49,046 shares in the company, valued at $7,111,670. The disclosure for this purchase can be found here. Company insiders own 8.44% of the company’s stock.

FDX has been the topic of a number of research analyst reports. Raymond James lowered their price target on FedEx from $190.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, September 18th. Oppenheimer lowered their price target on FedEx from $176.00 to $167.00 and set an “outperform” rating on the stock in a report on Wednesday, September 18th. Zacks Investment Research lowered FedEx from a “hold” rating to a “sell” rating and set a $161.00 price target on the stock. in a report on Thursday, August 29th. KeyCorp lowered their price target on FedEx from $215.00 to $190.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. Finally, Credit Suisse Group lowered their price target on FedEx from $175.00 to $168.00 and set an “outperform” rating on the stock in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the stock. FedEx presently has an average rating of “Hold” and an average target price of $172.44.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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