Strategic Blueprint LLC Sells 72 Shares of FedEx Co. (NYSE:FDX)

Strategic Blueprint LLC reduced its stake in shares of FedEx Co. (NYSE:FDX) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,902 shares of the shipping service provider’s stock after selling 72 shares during the quarter. Strategic Blueprint LLC’s holdings in FedEx were worth $520,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC boosted its position in shares of FedEx by 0.6% during the second quarter. SeaCrest Wealth Management LLC now owns 5,615 shares of the shipping service provider’s stock valued at $1,683,000 after buying an additional 34 shares during the period. LRI Investments LLC boosted its position in shares of FedEx by 8.6% during the second quarter. LRI Investments LLC now owns 455 shares of the shipping service provider’s stock valued at $137,000 after buying an additional 36 shares during the period. Ascent Wealth Partners LLC boosted its position in shares of FedEx by 0.5% during the second quarter. Ascent Wealth Partners LLC now owns 7,690 shares of the shipping service provider’s stock valued at $2,306,000 after buying an additional 36 shares during the period. Detalus Advisors LLC boosted its position in shares of FedEx by 2.4% during the second quarter. Detalus Advisors LLC now owns 1,602 shares of the shipping service provider’s stock valued at $480,000 after buying an additional 37 shares during the period. Finally, Sachetta LLC boosted its position in shares of FedEx by 29.1% during the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after buying an additional 37 shares during the period. 84.47% of the stock is owned by institutional investors.

FedEx Trading Up 0.0 %

NYSE:FDX opened at $274.09 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $277.56 and its two-hundred day moving average is $274.90. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The company has a market cap of $66.97 billion, a PE ratio of 16.91, a P/E/G ratio of 1.08 and a beta of 1.17.

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

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Monday, September 9th. FedEx’s dividend payout ratio (DPR) is presently 34.05%.

Analyst Ratings Changes

FDX has been the subject of a number of analyst reports. Raymond James lowered their target price on FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a report on Friday, September 20th. UBS Group cut their target price on FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. TD Cowen cut their target price on FedEx from $334.00 to $328.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Citigroup started coverage on FedEx in a research report on Wednesday, October 9th. They set a “buy” rating and a $301.00 price target on the stock. Finally, Bernstein Bank increased their price target on FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $314.17.

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.