SkyView Investment Advisors LLC Purchases 76 Shares of FedEx Co. (NYSE:FDX)

SkyView Investment Advisors LLC increased its holdings in FedEx Co. (NYSE:FDX) by 4.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,875 shares of the shipping service provider’s stock after acquiring an additional 76 shares during the period. SkyView Investment Advisors LLC’s holdings in FedEx were worth $513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. ORG Partners LLC purchased a new position in shares of FedEx in the 2nd quarter worth about $50,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in shares of FedEx by 13.0% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 593 shares of the shipping service provider’s stock valued at $186,000 after acquiring an additional 68 shares during the period. Ellsworth Advisors LLC increased its stake in shares of FedEx by 23.5% during the 2nd quarter. Ellsworth Advisors LLC now owns 1,037 shares of the shipping service provider’s stock worth $311,000 after purchasing an additional 197 shares during the last quarter. Naples Global Advisors LLC lifted its stake in FedEx by 1.9% in the second quarter. Naples Global Advisors LLC now owns 3,940 shares of the shipping service provider’s stock valued at $1,186,000 after purchasing an additional 75 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in FedEx by 104.8% during the second quarter. Blue Trust Inc. now owns 850 shares of the shipping service provider’s stock valued at $246,000 after purchasing an additional 435 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FDX has been the topic of a number of recent research reports. Morgan Stanley cut FedEx from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $215.00 to $200.00 in a research report on Friday, September 20th. UBS Group cut their target price on shares of FedEx from $333.00 to $311.00 and set a “buy” rating for the company in a research report on Friday, September 20th. Hsbc Global Res lowered shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 20th. Stifel Nicolaus cut their price objective on shares of FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a report on Friday, September 20th. Finally, Susquehanna lowered their target price on shares of FedEx from $345.00 to $330.00 and set a “positive” rating on the stock in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average price target of $316.68.

FedEx Price Performance

FDX opened at $283.80 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The stock’s 50 day simple moving average is $280.41 and its 200 day simple moving average is $280.60. The firm has a market cap of $69.34 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 1.17 and a beta of 1.18.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing the consensus estimate of $4.82 by ($1.22). The firm had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.55 earnings per share. As a group, analysts predict that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 1.95%. FedEx’s dividend payout ratio is presently 34.05%.

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.