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

M3 Advisory Group LLC increased its holdings in FedEx Co. (NYSE:FDX) by 6.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 790 shares of the shipping service provider’s stock after purchasing an additional 46 shares during the period. M3 Advisory Group LLC’s holdings in FedEx were worth $216,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. V Square Quantitative Management LLC increased its holdings in shares of FedEx by 23.4% during the third 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 in the last quarter. DiNuzzo Private Wealth Inc. increased its holdings in shares of FedEx by 2,661.5% during the third quarter. DiNuzzo Private Wealth Inc. now owns 718 shares of the shipping service provider’s stock worth $197,000 after buying an additional 692 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of FedEx by 1.8% during the third 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 buying an additional 479 shares in the last quarter. Ellsworth Advisors LLC increased its holdings in shares of FedEx by 31.3% during the third quarter. Ellsworth Advisors LLC now owns 1,362 shares of the shipping service provider’s stock worth $373,000 after buying an additional 325 shares in the last quarter. Finally, Cardinal Capital Management grew its stake in shares of FedEx by 0.8% during the third quarter. Cardinal Capital Management now owns 16,419 shares of the shipping service provider’s stock valued at $4,516,000 after purchasing an additional 135 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on FDX. Robert W. Baird dropped their target price on shares of FedEx from $340.00 to $320.00 and set an “outperform” rating for the company in a research 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. TD Cowen dropped their price target on FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Morgan Stanley downgraded FedEx from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $215.00 to $200.00 in a report on Friday, September 20th. Finally, Stephens restated an “overweight” rating and issued a $350.00 price target on shares of FedEx in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, FedEx presently has an average rating of “Moderate Buy” and an average target price of $314.17.

FedEx Trading Down 0.5 %

Shares of NYSE FDX traded down $1.41 during trading on Friday, reaching $272.85. The company had a trading volume of 187,522 shares, compared to its average volume of 1,844,877. The company’s fifty day moving average price is $280.16 and its 200-day moving average price is $275.04. FedEx Co. has a 12 month low of $224.69 and a 12 month high of $313.84. The stock 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. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). The business had revenue of $21.58 billion during the quarter, compared to analyst estimates of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.55 earnings per share. As a group, research analysts expect that FedEx Co. will post 19.6 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Monday, September 9th. FedEx’s dividend payout ratio is 32.04%.

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.