GM Advisory Group LLC Has $253,000 Stake in FedEx Co. (NYSE:FDX)

GM Advisory Group LLC lowered its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 77.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 926 shares of the shipping service provider's stock after selling 3,270 shares during the quarter. GM Advisory Group LLC's holdings in FedEx were worth $253,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. SeaCrest Wealth Management LLC boosted its position in shares of FedEx by 0.6% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 5,615 shares of the shipping service provider's stock valued at $1,683,000 after purchasing an additional 34 shares during the period. LRI Investments LLC boosted its position in FedEx by 8.6% during the 2nd quarter. LRI Investments LLC now owns 455 shares of the shipping service provider's stock worth $137,000 after acquiring an additional 36 shares during the period. Ascent Wealth Partners LLC boosted its position in FedEx by 0.5% during the 2nd quarter. Ascent Wealth Partners LLC now owns 7,690 shares of the shipping service provider's stock worth $2,306,000 after acquiring an additional 36 shares during the period. Detalus Advisors LLC boosted its position in FedEx by 2.4% during the 2nd quarter. Detalus Advisors LLC now owns 1,602 shares of the shipping service provider's stock worth $480,000 after acquiring an additional 37 shares during the period. Finally, Sachetta LLC boosted its position in FedEx by 29.1% during the 2nd quarter. Sachetta LLC now owns 164 shares of the shipping service provider's stock worth $49,000 after acquiring an additional 37 shares during the period. Institutional investors own 84.47% of the company's stock.

FedEx Stock Performance

Shares of NYSE:FDX traded up $4.81 during trading on Friday, hitting $299.97. 1,846,044 shares of the stock were exchanged, compared to its average volume of 1,396,954. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The company has a market capitalization of $73.29 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 1.23 and a beta of 1.17. The company's fifty day simple moving average is $276.34 and its 200-day simple moving average is $277.54. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data 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 return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. During the same period in the previous year, the business posted $4.55 EPS. FedEx's revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts expect that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, December 9th. FedEx's dividend payout ratio is 34.05%.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price target on FedEx from $359.00 to $350.00 and set an "overweight" rating for the company in a research note on Friday, September 20th. Raymond James cut their price target on FedEx from $335.00 to $330.00 and set a "buy" rating for the company in a research note on Friday, September 20th. Barclays raised their price target on FedEx from $350.00 to $365.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Hsbc Global Res downgraded FedEx from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 20th. Finally, Robert W. Baird cut their price objective 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 equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $316.04.

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.