M3 Advisory Group LLC Has $216,000 Stock Position in FedEx Co. (NYSE:FDX)

M3 Advisory Group LLC increased its position in shares of FedEx Co. (NYSE:FDX) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 790 shares of the shipping service provider’s stock after buying an additional 46 shares during the quarter. M3 Advisory Group LLC’s holdings in FedEx were worth $216,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC raised its stake in FedEx by 23.4% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,604 shares of the shipping service provider’s stock worth $713,000 after buying an additional 493 shares during the period. DiNuzzo Private Wealth Inc. increased its holdings in FedEx by 2,661.5% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 718 shares of the shipping service provider’s stock worth $197,000 after purchasing an additional 692 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in FedEx by 1.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 27,036 shares of the shipping service provider’s stock worth $7,399,000 after purchasing an additional 479 shares in the last quarter. Ellsworth Advisors LLC increased its holdings in FedEx by 31.3% during the 3rd quarter. Ellsworth Advisors LLC now owns 1,362 shares of the shipping service provider’s stock worth $373,000 after purchasing an additional 325 shares in the last quarter. Finally, Cardinal Capital Management increased its holdings in FedEx by 0.8% during the 3rd quarter. Cardinal Capital Management now owns 16,419 shares of the shipping service provider’s stock worth $4,516,000 after purchasing an additional 135 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Down 0.5 %

NYSE FDX traded down $1.41 on Friday, hitting $272.85. The company’s stock had a trading volume of 187,522 shares, compared to its average volume of 1,844,877. FedEx Co. has a 52-week low of $224.69 and a 52-week high of $313.84. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The company’s 50-day simple moving average is $280.16 and its 200 day simple moving average is $275.04. The firm has a market cap of $67.14 billion, a P/E ratio of 15.96, a PEG ratio of 1.06 and a beta of 1.17.

FedEx (NYSE:FDX) last announced 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 return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $21.58 billion during the quarter, compared to the consensus estimate of $21.87 billion. During the same period in the prior year, the company posted $4.55 EPS. The firm’s revenue was down .5% on a year-over-year basis. Research analysts predict 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 given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Monday, September 9th. FedEx’s dividend payout ratio (DPR) is presently 32.04%.

Wall Street Analyst Weigh In

A number of analysts have commented on FDX shares. HSBC lowered FedEx from a “buy” rating to a “hold” rating and set a $300.00 price objective for the company. in a report on Friday, September 20th. The Goldman Sachs Group reduced their target price on FedEx from $333.00 to $332.00 in a report on Friday, September 20th. Daiwa America lowered FedEx from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. Morgan Stanley lowered FedEx from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $215.00 to $200.00 in a report on Friday, September 20th. Finally, Stifel Nicolaus reduced their price objective on FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $314.17.

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.