Sargent Investment Group LLC Has $2.96 Million Stock Holdings in FedEx Co. (NYSE:FDX)

Sargent Investment Group LLC increased its holdings in shares of FedEx Co. (NYSE:FDX) by 49.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,789 shares of the shipping service provider’s stock after acquiring an additional 3,554 shares during the period. Sargent Investment Group LLC’s holdings in FedEx were worth $2,963,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Czech National Bank grew its holdings in shares of FedEx by 6.4% in the 3rd quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after purchasing an additional 2,767 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of FedEx by 44.1% during the third quarter. GAMMA Investing LLC now owns 2,733 shares of the shipping service provider’s stock worth $748,000 after buying an additional 836 shares in the last quarter. Chapin Davis Inc. boosted its holdings in shares of FedEx by 1.3% in the 3rd quarter. Chapin Davis Inc. now owns 4,871 shares of the shipping service provider’s stock worth $1,333,000 after acquiring an additional 63 shares in the last quarter. Aprio Wealth Management LLC grew its position in FedEx by 10.8% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,229 shares of the shipping service provider’s stock worth $336,000 after acquiring an additional 120 shares during the last quarter. Finally, Callan Family Office LLC increased its holdings in FedEx by 20.8% during the 3rd quarter. Callan Family Office LLC now owns 3,053 shares of the shipping service provider’s stock valued at $836,000 after purchasing an additional 525 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Insider Buying and Selling at FedEx

In other FedEx news, Director Amy B. Lane acquired 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the purchase, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares of the company’s stock, valued at $2,461,510.80. The trade was a 30.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 8.87% of the company’s stock.

FedEx Stock Up 1.5 %

Shares of FedEx stock opened at $251.08 on Wednesday. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The company has a market capitalization of $60.47 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18. The business has a 50-day moving average of $278.47 and a two-hundred day moving average of $281.61.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the company posted $3.99 EPS. As a group, equities analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FDX. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a report on Friday, December 20th. UBS Group raised their price objective on shares of FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Wells Fargo & Company upped their target price on shares of FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. raised their price target on shares of FedEx from $370.00 to $372.00 and gave the company an “overweight” rating in a report on Tuesday, January 7th. Finally, BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $321.87.

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.