Sage Capital Advisors llc Buys 100 Shares of FedEx Co. (NYSE:FDX)

Sage Capital Advisors llc raised its stake in shares of FedEx Co. (NYSE:FDX) by 0.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 14,169 shares of the shipping service provider’s stock after purchasing an additional 100 shares during the period. Sage Capital Advisors llc’s holdings in FedEx were worth $3,878,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in FedEx by 5.6% in the first quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock worth $5,756,602,000 after acquiring an additional 1,056,061 shares in the last quarter. Capital International Investors boosted its holdings in shares of FedEx by 32.5% in 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 purchasing an additional 2,163,622 shares in the last quarter. Putnam Investments LLC increased its position in shares of FedEx by 38.1% during the 4th quarter. Putnam Investments LLC now owns 2,893,781 shares of the shipping service provider’s stock valued at $732,040,000 after purchasing an additional 798,084 shares during the last quarter. Mawer Investment Management Ltd. raised its holdings in shares of FedEx by 43.5% during the 1st quarter. Mawer Investment Management Ltd. now owns 2,258,579 shares of the shipping service provider’s stock valued at $654,401,000 after buying an additional 684,679 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in FedEx by 34.6% in the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock worth $674,336,000 after buying an additional 578,350 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

FDX opened at $261.28 on Wednesday. The stock has a fifty day simple moving average of $283.84 and a two-hundred day simple moving average of $276.02. The company has a market cap of $64.30 billion, a price-to-earnings ratio of 15.16, a price-to-earnings-growth 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.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $21.87 billion. During the same period in the prior year, the business posted $4.55 EPS. FedEx’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts predict that FedEx Co. will post 19.66 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th were paid a $1.38 dividend. The ex-dividend date was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.11%. FedEx’s dividend payout ratio is currently 32.04%.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of recent research reports. The Goldman Sachs Group lowered their price objective on shares of FedEx from $333.00 to $332.00 in a report on Friday, September 20th. JPMorgan Chase & Co. cut their price target on shares of FedEx from $359.00 to $350.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. Stifel Nicolaus decreased their price objective on FedEx from $327.00 to $321.00 and set a “buy” rating on the stock in a report on Friday, September 20th. HSBC cut FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price for the company. in a report on Friday, September 20th. Finally, Hsbc Global Res cut FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $314.74.

Insider Activity

In related news, Director Marvin R. Ellison sold 2,535 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $299.34, for a total value of $758,826.90. Following the transaction, the director now owns 6,955 shares in the company, valued at $2,081,909.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Marvin R. Ellison sold 2,535 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $299.34, for a total value of $758,826.90. Following the completion of the transaction, the director now directly owns 6,955 shares in the company, valued at $2,081,909.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brie Carere sold 1,958 shares of the stock in a transaction on Thursday, July 18th. The shares were 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,914 shares of company stock worth $3,978,338 over the last three months. 8.73% of the stock is currently owned by corporate insiders.

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.