GM Advisory Group LLC Sells 3,270 Shares of FedEx Co. (NYSE:FDX)

GM Advisory Group LLC decreased its position in shares of FedEx Co. (NYSE:FDX) by 77.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 926 shares of the shipping service provider’s stock after selling 3,270 shares during the period. GM Advisory Group LLC’s holdings in FedEx were worth $253,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Trust N.A. lifted its stake in FedEx by 6.0% in the third quarter. Raymond James Trust N.A. now owns 11,823 shares of the shipping service provider’s stock worth $3,236,000 after purchasing an additional 667 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of FedEx by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,451,576 shares of the shipping service provider’s stock worth $397,267,000 after buying an additional 13,093 shares during the period. L & S Advisors Inc lifted its stake in shares of FedEx by 19.2% during the 3rd quarter. L & S Advisors Inc now owns 9,253 shares of the shipping service provider’s stock worth $2,532,000 after acquiring an additional 1,493 shares during the last quarter. Integrated Investment Consultants LLC boosted its holdings in FedEx by 7.5% during the 3rd quarter. Integrated Investment Consultants LLC now owns 2,116 shares of the shipping service provider’s stock valued at $579,000 after acquiring an additional 148 shares during the period. Finally, German American Bancorp Inc. grew its position in FedEx by 7.3% in the 3rd quarter. German American Bancorp Inc. now owns 26,091 shares of the shipping service provider’s stock valued at $7,141,000 after acquiring an additional 1,778 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. HSBC downgraded shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price on the stock. in a research note on Friday, September 20th. Stifel Nicolaus decreased their price target on shares of FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Robert W. Baird dropped 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. Finally, Hsbc Global Res lowered FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $316.04.

FedEx Trading Up 1.6 %

FedEx stock opened at $299.97 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. The stock has a market cap of $73.29 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 1.23 and a beta of 1.17. The stock has a 50-day moving average of $276.34 and a two-hundred day moving average of $277.42. FedEx Co. has a one year low of $234.45 and a one year high of $313.84.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 EPS 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 analysts’ expectations of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.55 earnings per share. On average, research analysts anticipate that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 34.05%.

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.