FedEx Co. (NYSE:FDX) is Sentry LLC's Largest Position

Sentry LLC grew its stake in shares of FedEx Co. (NYSE:FDX - Free Report) by 11.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,362,385 shares of the shipping service provider's stock after purchasing an additional 145,268 shares during the quarter. FedEx makes up approximately 64.7% of Sentry LLC's investment portfolio, making the stock its largest position. Sentry LLC owned approximately 0.57% of FedEx worth $332,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FDX. Brighton Jones LLC raised its holdings in shares of FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock valued at $514,000 after acquiring an additional 207 shares in the last quarter. Vontobel Holding Ltd. increased its position in FedEx by 4.6% during the 4th quarter. Vontobel Holding Ltd. now owns 30,124 shares of the shipping service provider's stock valued at $8,475,000 after purchasing an additional 1,325 shares during the period. WealthPlan Investment Management LLC raised its holdings in shares of FedEx by 2.6% in the 4th quarter. WealthPlan Investment Management LLC now owns 1,680 shares of the shipping service provider's stock valued at $473,000 after purchasing an additional 42 shares in the last quarter. bLong Financial LLC purchased a new stake in shares of FedEx in the 4th quarter worth approximately $391,000. Finally, Principal Securities Inc. boosted its stake in shares of FedEx by 9.3% during the fourth quarter. Principal Securities Inc. now owns 7,552 shares of the shipping service provider's stock valued at $2,125,000 after purchasing an additional 643 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

FDX stock traded up $2.14 during mid-day trading on Monday, reaching $226.52. The company's stock had a trading volume of 1,902,370 shares, compared to its average volume of 1,854,288. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The company's 50 day moving average is $216.82 and its two-hundred day moving average is $246.59. FedEx Co. has a fifty-two week low of $194.30 and a fifty-two week high of $313.84. The stock has a market cap of $54.27 billion, a PE ratio of 14.44, a P/E/G ratio of 1.11 and a beta of 1.35.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. During the same period in the prior year, the business posted $3.86 EPS. FedEx's revenue for the quarter was up 1.9% compared to the same quarter last year. Equities research analysts expect that FedEx Co. will post 19.14 EPS for the current year.

FedEx Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd will be issued a dividend of $1.45 per share. The ex-dividend date is Monday, June 23rd. This is a boost from FedEx's previous quarterly dividend of $1.38. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.56%. FedEx's dividend payout ratio is currently 36.39%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group raised FedEx from a "hold" rating to a "buy" rating and dropped their target price for the company from $300.00 to $275.00 in a research report on Monday, March 24th. Oppenheimer reiterated a "market perform" rating on shares of FedEx in a report on Friday, March 21st. UBS Group lowered their price target on shares of FedEx from $331.00 to $311.00 and set a "buy" rating on the stock in a report on Wednesday, May 28th. Citigroup reduced their price objective on shares of FedEx from $305.00 to $267.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Stephens reissued an "overweight" rating and set a $300.00 target price on shares of FedEx in a research report on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $292.54.

Insider Buying and Selling

In other news, COO John Alan Smith sold 6,155 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the sale, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. The trade was a 20.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.87% of the company's stock.

FedEx 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.