Sentry LLC Trims Stake in FedEx Co. (NYSE:FDX)

Sentry LLC reduced its position in shares of FedEx Co. (NYSE:FDX - Free Report) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,211,713 shares of the shipping service provider's stock after selling 7,692 shares during the period. FedEx comprises 63.9% of Sentry LLC's investment portfolio, making the stock its largest holding. Sentry LLC owned approximately 0.49% of FedEx worth $331,622,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of 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 during the period. Capital International Investors lifted its stake in shares of FedEx by 32.5% in the first 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 period. Mawer Investment Management Ltd. lifted its stake in shares of FedEx by 43.5% in the first quarter. Mawer Investment Management Ltd. now owns 2,258,579 shares of the shipping service provider's stock worth $654,401,000 after acquiring an additional 684,679 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of 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 acquiring an additional 578,350 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in shares of FedEx by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider's stock worth $654,312,000 after acquiring an additional 121,240 shares during the period. 84.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FDX shares. UBS Group cut their price objective on FedEx from $333.00 to $311.00 and set a "buy" rating on the stock in a research note on Friday, September 20th. StockNews.com lowered FedEx from a "buy" rating to a "hold" rating in a research note on Sunday, October 6th. Hsbc Global Res lowered FedEx from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 20th. Raymond James dropped their price target on FedEx from $335.00 to $330.00 and set a "buy" rating on the stock in a research note on Friday, September 20th. Finally, The Goldman Sachs Group dropped their price target on FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $314.17.

FedEx Stock Performance

Shares of NYSE FDX traded up $5.99 during trading on Wednesday, reaching $271.91. 1,713,343 shares of the stock traded hands, compared to its average volume of 1,854,372. FedEx Co. has a 52-week low of $224.69 and a 52-week high of $313.84. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The company has a 50-day moving average of $280.25 and a 200-day moving average of $275.05. The stock has a market capitalization of $66.91 billion, a P/E ratio of 15.78, a price-to-earnings-growth ratio of 1.06 and a beta of 1.17.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS 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 firm had revenue of $21.58 billion for the quarter, compared to analysts' expectations of $21.87 billion. During the same period in the prior year, the company earned $4.55 EPS. The firm's quarterly revenue was down .5% on a year-over-year basis. Analysts forecast that FedEx Co. will post 19.6 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Monday, September 9th were issued a dividend of $1.38 per share. The ex-dividend date was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.03%. FedEx's dividend payout ratio (DPR) is 32.04%.

Insider Buying and Selling

In related news, EVP Brie Carere sold 1,958 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $310.43, for a total transaction of $607,821.94. Following the sale, the executive vice president now owns 19,937 shares of the company's stock, valued at approximately $6,189,042.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.73% of the stock is currently owned by insiders.

About FedEx

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.