FedEx Corporation (FDX) Shares Bought by Sentry Investments Corp.

Sentry Investments Corp. grew its stake in FedEx Corporation (NYSE:FDX) by 13.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,199 shares of the shipping service provider’s stock after buying an additional 6,950 shares during the period. Sentry Investments Corp.’s holdings in FedEx Corporation were worth $12,648,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. FNY Managed Accounts LLC purchased a new stake in FedEx Corporation in the 1st quarter valued at $100,000. Riggs Asset Managment Co. Inc. raised its position in FedEx Corporation by 163.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock valued at $105,000 after purchasing an additional 300 shares during the last quarter. Cribstone Capital Management LLC raised its position in FedEx Corporation by 1.2% in the 2nd quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock valued at $107,000 after purchasing an additional 6 shares during the last quarter. Alexandria Capital LLC raised its position in FedEx Corporation by 2.5% in the 2nd quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after purchasing an additional 13 shares during the last quarter. Finally, Hefty Wealth Partners raised its position in FedEx Corporation by 26.0% in the 2nd quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider’s stock valued at $136,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 75.89% of the company’s stock.

Shares of FedEx Corporation (NYSE:FDX) opened at 220.78 on Wednesday. FedEx Corporation has a 1-year low of $168.00 and a 1-year high of $227.00. The firm’s 50 day moving average is $216.27 and its 200 day moving average is $205.52. The firm has a market capitalization of $59.20 billion, a PE ratio of 20.81 and a beta of 1.31.

FedEx Corporation (NYSE:FDX) last issued its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). The company had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.90 EPS. Analysts anticipate that FedEx Corporation will post $12.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 11th were paid a $0.50 dividend. The ex-dividend date was Friday, September 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. FedEx Corporation’s dividend payout ratio is currently 18.87%.

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Several research firms recently commented on FDX. BMO Capital Markets upped their price target on shares of FedEx Corporation from $220.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, June 23rd. Stifel Nicolaus reiterated a “neutral” rating on shares of FedEx Corporation in a research report on Wednesday, August 16th. Citigroup Inc. reiterated a “buy” rating and issued a $235.00 price target on shares of FedEx Corporation in a research report on Thursday, September 14th. CIBC upped their price target on shares of FedEx Corporation from $218.00 to $229.00 and gave the company an “outperform” rating in a research report on Thursday, June 15th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $237.00 price objective on shares of FedEx Corporation in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $227.14.

In related news, Director John A. Edwardson sold 2,208 shares of FedEx Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $208.14, for a total value of $459,573.12. Following the transaction, the director now owns 30,608 shares of the company’s stock, valued at approximately $6,370,749.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Donald F. Colleran sold 10,000 shares of FedEx Corporation stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $220.00, for a total value of $2,200,000

Several other institutional investors also recently modified their holdings of the company. FNY Managed Accounts LLC purchased a new stake in FedEx Corporation in the 1st quarter valued at $100,000. Riggs Asset Managment Co. Inc. raised its position in FedEx Corporation by 163.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock valued at $105,000 after purchasing an additional 300 shares during the last quarter. Cribstone Capital Management LLC raised its position in FedEx Corporation by 1.2% in the 2nd quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock valued at $107,000 after purchasing an additional 6 shares during the last quarter. Alexandria Capital LLC raised its position in FedEx Corporation by 2.5% in the 2nd quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after purchasing an additional 13 shares during the last quarter. Finally, Hefty Wealth Partners raised its position in FedEx Corporation by 26.0% in the 2nd quarter. Hefty Wealth Partners now owns 630 shares of the shipping service provider’s stock valued at $136,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 75.89% of the company’s stock.

Shares of FedEx Corporation (NYSE:FDX) opened at 220.78 on Wednesday. FedEx Corporation has a 1-year low of $168.00 and a 1-year high of $227.00. The firm’s 50 day moving average is $216.27 and its 200 day moving average is $205.52. The firm has a market capitalization of $59.20 billion, a PE ratio of 20.81 and a beta of 1.31.

FedEx Corporation (NYSE:FDX) last issued its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). The company had revenue of $15.30 billion during the quarter, compared to analysts’ expectations of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.90 EPS. Analysts anticipate that FedEx Corporation will post $12.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 11th were paid a $0.50 dividend. The ex-dividend date was Friday, September 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. FedEx Corporation’s dividend payout ratio is currently 18.87%.

COPYRIGHT VIOLATION WARNING: This news story was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another publication, it was stolen and reposted in violation of United States & international copyright and trademark law. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/11/fedex-corporation-fdx-shares-bought-by-sentry-investments-corp.html.

Several research firms recently commented on FDX. BMO Capital Markets upped their price target on shares of FedEx Corporation from $220.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, June 23rd. Stifel Nicolaus reiterated a “neutral” rating on shares of FedEx Corporation in a research report on Wednesday, August 16th. Citigroup Inc. reiterated a “buy” rating and issued a $235.00 price target on shares of FedEx Corporation in a research report on Thursday, September 14th. CIBC upped their price target on shares of FedEx Corporation from $218.00 to $229.00 and gave the company an “outperform” rating in a research report on Thursday, June 15th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $237.00 price objective on shares of FedEx Corporation in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and twenty-two have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $227.14.

In related news, Director John A. Edwardson sold 2,208 shares of FedEx Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $208.14, for a total value of $459,573.12. Following the transaction, the director now owns 30,608 shares of the company’s stock, valued at approximately $6,370,749.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Donald F. Colleran sold 10,000 shares of FedEx Corporation stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $220.00, for a total value of $2,200,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,499 shares in the company, valued at approximately $6,709,780. The disclosure for this sale can be found here. Insiders sold a total of 27,172 shares of company stock worth $6,039,193 in the last three months. 8.45% of the stock is currently owned by company insiders.

FedEx Corporation Profile

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.

Institutional Ownership by Quarter for FedEx Corporation (NYSE:FDX)

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