Mill Creek Capital Advisors LLC Has $884,000 Stock Holdings in FedEx Co. (NYSE:FDX)

Mill Creek Capital Advisors LLC decreased its stake in FedEx Co. (NYSE:FDX) by 6.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,948 shares of the shipping service provider’s stock after selling 195 shares during the quarter. Mill Creek Capital Advisors LLC’s holdings in FedEx were worth $884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of FDX. Precision Wealth Strategies LLC purchased a new stake in FedEx in the 4th quarter worth about $324,000. Quest Partners LLC acquired a new stake in shares of FedEx during the fourth quarter worth approximately $267,000. Johnson Financial Group Inc. increased its position in FedEx by 260.0% during the fourth quarter. Johnson Financial Group Inc. now owns 180 shares of the shipping service provider’s stock worth $46,000 after buying an additional 130 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of FedEx by 1.9% in the fourth quarter. Parallel Advisors LLC now owns 18,029 shares of the shipping service provider’s stock worth $4,561,000 after buying an additional 328 shares during the last quarter. Finally, Mitchell Sinkler & Starr PA bought a new stake in shares of FedEx during the 4th quarter worth about $299,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In other news, EVP Brie Carere sold 1,958 shares of FedEx stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $310.43, for a total transaction of $607,821.94. Following the completion of the sale, the executive vice president now owns 19,937 shares in the company, valued at approximately $6,189,042.91. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Brie Carere sold 1,958 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $310.43, for a total value of $607,821.94. Following the completion of the sale, the executive vice president now owns 19,937 shares in the company, valued at $6,189,042.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sriram Krishnasamy sold 8,421 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $310.14, for a total value of $2,611,688.94. Following the transaction, the chief executive officer now owns 12,246 shares of the company’s stock, valued at $3,797,974.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,944 shares of company stock worth $9,882,355. Company insiders own 8.73% of the company’s stock.

FedEx Trading Up 1.6 %

FDX opened at $258.82 on Tuesday. FedEx Co. has a 1-year low of $224.69 and a 1-year high of $313.84. The firm has a 50-day moving average price of $291.50 and a two-hundred day moving average price of $275.28. The stock has a market capitalization of $63.69 billion, a PE ratio of 15.02, a PEG ratio of 1.03 and a beta of 1.17. The company has a current ratio of 1.36, a quick ratio of 1.32 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last posted 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). The company had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $4.55 EPS. As a group, equities analysts anticipate that FedEx Co. will post 20.82 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, September 9th. This represents a $5.52 annualized dividend and a yield of 2.13%. FedEx’s dividend payout ratio is currently 32.04%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on FDX. Daiwa America downgraded FedEx from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 11th. The Goldman Sachs Group reduced their price objective on shares of FedEx from $333.00 to $332.00 in a research note on Friday. TD Cowen lowered their target price on shares of FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a research note on Friday. HSBC lowered shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price for the company. in a research report on Friday. Finally, Robert W. Baird lowered their price target on FedEx from $340.00 to $320.00 and set an “outperform” rating on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $314.74.

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.