San Francisco Sentry Investment Group CA Acquires 860 Shares of FedEx Corporation (FDX)

San Francisco Sentry Investment Group CA increased its holdings in shares of FedEx Corporation (NYSE:FDX) by 56.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,379 shares of the shipping service provider’s stock after acquiring an additional 860 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in FedEx Corporation were worth $517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FNY Managed Accounts LLC purchased a new position in FedEx Corporation during the first quarter worth about $100,000. Salem Investment Counselors Inc. raised its stake in FedEx Corporation by 2.8% during the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after purchasing an additional 13 shares during the period. Riggs Asset Managment Co. Inc. raised its stake in FedEx Corporation by 163.0% during the second quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock worth $105,000 after purchasing an additional 300 shares during the period. Cribstone Capital Management LLC raised its stake in FedEx Corporation by 1.2% during the second quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock worth $107,000 after purchasing an additional 6 shares during the period. Finally, Alexandria Capital LLC raised its stake in FedEx Corporation by 2.5% during the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock worth $117,000 after purchasing an additional 13 shares during the period. Hedge funds and other institutional investors own 76.27% of the company’s stock.

FedEx Corporation (NYSE:FDX) opened at $224.24 on Monday. The company has a current ratio of 1.63, a quick ratio of 1.57 and a debt-to-equity ratio of 0.91. FedEx Corporation has a twelve month low of $172.85 and a twelve month high of $231.35. The company has a market cap of $60,129.44, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 1.41 and a beta of 1.37.

FedEx Corporation (NYSE:FDX) last posted its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.17 by ($0.66). FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The firm had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.35 billion. During the same quarter last year, the firm earned $2.90 EPS. The company’s revenue was up 4.1% on a year-over-year basis. equities analysts forecast that FedEx Corporation will post 12.48 earnings per share for the current fiscal year.

FDX has been the topic of a number of analyst reports. Cowen and Company reaffirmed a “buy” rating and set a $240.00 target price on shares of FedEx Corporation in a research note on Tuesday, July 11th. Citigroup Inc. reaffirmed a “buy” rating and set a $235.00 target price on shares of FedEx Corporation in a research note on Thursday, September 14th. Robert W. Baird reaffirmed a “buy” rating and set a $235.00 target price on shares of FedEx Corporation in a research note on Tuesday, September 12th. BMO Capital Markets reaffirmed a “buy” rating and set a $245.00 target price on shares of FedEx Corporation in a research note on Wednesday, September 6th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $237.00 target price on shares of FedEx Corporation in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have issued a buy rating to the company. FedEx Corporation has a consensus rating of “Buy” and an average target price of $228.56.

In other news, insider Henry J. Maier sold 11,150 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total value of $2,547,329.00. Following the completion of the transaction, the insider now owns 36,747 shares in the company, valued at approximately $8,395,219.62. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Donald F. Colleran sold 10,000 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $220.00, for a total transaction of $2,200,000.00. Following the completion of the transaction, the executive vice president now owns 30,499 shares of the company’s stock, valued at approximately $6,709,780. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,094 shares of company stock valued at $9,024,637. Company insiders own 8.45% of the company’s stock.

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About FedEx Corporation

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 Corporation (NYSE:FDX)

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