FedEx Co. (FDX) Position Raised by Sentry Investment Management LLC

Sentry Investment Management LLC boosted its stake in FedEx Co. (NYSE:FDX) by 87.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,932 shares of the shipping service provider’s stock after purchasing an additional 7,438 shares during the quarter. Sentry Investment Management LLC’s holdings in FedEx were worth $3,976,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. AGF Investments Inc. grew its holdings in FedEx by 3.6% in the fourth quarter. AGF Investments Inc. now owns 399,369 shares of the shipping service provider’s stock valued at $99,659,000 after purchasing an additional 13,921 shares during the period. Doyle Wealth Management grew its holdings in FedEx by 22.8% in the fourth quarter. Doyle Wealth Management now owns 1,620 shares of the shipping service provider’s stock valued at $404,000 after purchasing an additional 301 shares during the period. Candriam Luxembourg S.C.A. grew its holdings in FedEx by 6.8% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 91,766 shares of the shipping service provider’s stock valued at $22,899,000 after purchasing an additional 5,836 shares during the period. Wilbanks Smith & Thomas Asset Management LLC grew its holdings in FedEx by 3.1% in the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 14,303 shares of the shipping service provider’s stock valued at $3,569,000 after purchasing an additional 436 shares during the period. Finally, Buckley Wealth Management LLC purchased a new stake in FedEx in the fourth quarter valued at approximately $246,000. Hedge funds and other institutional investors own 75.94% of the company’s stock.

A number of research firms recently issued reports on FDX. Citigroup boosted their target price on shares of FedEx to $275.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Barclays reiterated an “overweight” rating and set a $270.00 price objective (up from $230.00) on shares of FedEx in a research note on Thursday, November 30th. They noted that the move was a valuation call. Goldman Sachs Group began coverage on shares of FedEx in a research note on Monday, November 13th. They set a “buy” rating and a $270.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of FedEx from $221.00 to $272.00 and gave the stock a “hold” rating in a research note on Wednesday, December 20th. Finally, Zacks Investment Research upgraded shares of FedEx from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. FedEx currently has a consensus rating of “Buy” and a consensus price target of $272.69.

FedEx Co. (NYSE:FDX) opened at $240.82 on Thursday. FedEx Co. has a 12-month low of $182.89 and a 12-month high of $274.66. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.50 and a current ratio of 1.57. The company has a market cap of $64,379.23, a price-to-earnings ratio of 22.20, a PEG ratio of 1.40 and a beta of 1.30.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.29. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The business had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $15.67 billion. During the same period in the previous year, the company posted $2.80 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. research analysts anticipate that FedEx Co. will post 13.45 EPS for the current year.

In related news, Director David P. Steiner sold 3,016 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $266.05, for a total value of $802,406.80. Following the sale, the director now directly owns 16,040 shares of the company’s stock, valued at $4,267,442. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO David J. Bronczek sold 46,555 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $255.49, for a total transaction of $11,894,336.95. Following the completion of the sale, the chief operating officer now directly owns 48,562 shares in the company, valued at $12,407,105.38. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,541 shares of company stock worth $13,692,142. Corporate insiders own 8.45% of the company’s stock.

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About FedEx

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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