SkyView Investment Advisors LLC Grows Position in FedEx Co. (NYSE:FDX)

SkyView Investment Advisors LLC raised its position in FedEx Co. (NYSE:FDX) by 12.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,799 shares of the shipping service provider’s stock after purchasing an additional 204 shares during the quarter. SkyView Investment Advisors LLC’s holdings in FedEx were worth $539,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FDX. Capital International Investors lifted its stake in shares of FedEx by 32.5% during the 1st quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider’s stock worth $2,558,718,000 after acquiring an additional 2,163,622 shares during the last quarter. Sentry LLC purchased a new stake in shares of FedEx during the fourth quarter valued at $307,007,000. Vanguard Group Inc. boosted its stake in shares of FedEx by 5.6% during the first quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock valued at $5,756,602,000 after purchasing an additional 1,056,061 shares during the period. Putnam Investments LLC grew its holdings in shares of FedEx by 38.1% in the fourth quarter. Putnam Investments LLC now owns 2,893,781 shares of the shipping service provider’s stock worth $732,040,000 after purchasing an additional 798,084 shares during the last quarter. Finally, Mawer Investment Management Ltd. increased its stake in FedEx by 43.5% in the 1st quarter. Mawer Investment Management Ltd. now owns 2,258,579 shares of the shipping service provider’s stock worth $654,401,000 after buying an additional 684,679 shares during the period. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling

In other FedEx news, Director David P. Steiner sold 1,369 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $297.71, for a total value of $407,564.99. Following the sale, the director now directly owns 35,183 shares of the company’s stock, valued at $10,474,330.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other FedEx news, EVP Brie Carere sold 1,958 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total value of $607,821.94. Following the sale, the executive vice president now owns 19,937 shares in the company, valued at approximately $6,189,042.91. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director David P. Steiner sold 1,369 shares of FedEx stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $297.71, for a total transaction of $407,564.99. Following the transaction, the director now directly owns 35,183 shares of the company’s stock, valued at $10,474,330.93. The disclosure for this sale can be found here. Insiders sold a total of 14,399 shares of company stock valued at $4,420,615 over the last 90 days. Insiders own 8.73% of the company’s stock.

FedEx Trading Up 0.5 %

NYSE:FDX opened at $267.55 on Monday. The company has a market capitalization of $65.84 billion, a P/E ratio of 15.53, a PEG ratio of 1.04 and a beta of 1.17. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. FedEx Co. has a 12 month low of $224.69 and a 12 month high of $313.84. The firm has a fifty day simple moving average of $288.06 and a 200-day simple moving average of $275.67.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share for the quarter, missing the consensus estimate of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $21.87 billion. During the same quarter in the previous year, the firm posted $4.55 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that FedEx Co. will post 19.66 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, September 9th. FedEx’s dividend payout ratio (DPR) is currently 32.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on FDX shares. Hsbc Global Res downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. The Goldman Sachs Group dropped their price objective on FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Susquehanna decreased their target price on FedEx from $345.00 to $330.00 and set a “positive” rating for the company in a research report on Friday, September 20th. TD Cowen lowered their target price on FedEx from $334.00 to $328.00 and set a “buy” rating for the company in a report on Friday, September 20th. Finally, Robert W. Baird cut their price target on FedEx from $340.00 to $320.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $314.74.

FedEx Company 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.