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

Sage Capital Advisors llc grew its position in FedEx Co. (NYSE:FDX) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,169 shares of the shipping service provider’s stock after purchasing an additional 100 shares during the quarter. Sage Capital Advisors llc’s holdings in FedEx were worth $3,878,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Capital International Investors grew its holdings in 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 period. Sentry LLC bought a new stake in shares of FedEx during the 4th quarter valued at about $307,007,000. Vanguard Group Inc. grew its stake in FedEx by 5.6% during 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 purchasing an additional 1,056,061 shares during the period. Putnam Investments LLC increased its holdings in 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 in the last quarter. Finally, Mawer Investment Management Ltd. boosted 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 worth $654,401,000 after buying an additional 684,679 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 0.3 %

Shares of FDX stock opened at $261.28 on Wednesday. FedEx Co. has a 12-month low of $224.69 and a 12-month high of $313.84. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average of $283.84 and a 200-day moving average of $276.02. The firm has a market cap of $64.30 billion, a P/E ratio of 15.16, a PEG ratio of 1.04 and a beta of 1.17.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $21.87 billion. During the same quarter in the previous year, the firm earned $4.55 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts anticipate that FedEx Co. will post 19.66 earnings per share for the current year.

FedEx Dividend Announcement

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

Insider Activity

In related news, CEO Sriram Krishnasamy sold 8,421 shares of FedEx stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total value of $2,611,688.94. Following the completion of the transaction, the chief executive officer now directly owns 12,246 shares in the company, valued at approximately $3,797,974.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Brie Carere sold 1,958 shares of the business’s 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 transaction, the executive vice president now owns 19,937 shares of the company’s stock, valued at approximately $6,189,042.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sriram Krishnasamy sold 8,421 shares of the stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $310.14, for a total transaction of $2,611,688.94. Following the completion of the sale, the chief executive officer now owns 12,246 shares in the company, valued at $3,797,974.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,914 shares of company stock valued at $3,978,338 over the last quarter. Company insiders own 8.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on FDX shares. Stephens restated an “overweight” rating and issued a $350.00 price target on shares of FedEx in a report on Friday, September 20th. Hsbc Global Res lowered FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. 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 report on Friday, September 20th. Loop Capital cut their target price on FedEx from $317.00 to $288.00 and set a “hold” rating on the stock in a report on Monday, September 23rd. Finally, The Goldman Sachs Group decreased their price target on shares of FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and a consensus target price of $314.74.

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.