FedEx Co. (NYSE:FDX) Stock Holdings Trimmed by Compass Capital Management Inc.

Compass Capital Management Inc. lowered its holdings in shares of FedEx Co. (NYSE:FDX) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,959 shares of the shipping service provider’s stock after selling 1,763 shares during the period. FedEx makes up 3.8% of Compass Capital Management Inc.’s holdings, making the stock its 16th largest position. Compass Capital Management Inc.’s holdings in FedEx were worth $58,505,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FDX. Fortitude Family Office LLC increased its position in shares of FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after purchasing an additional 52 shares during the period. Evermay Wealth Management LLC increased its position in shares of FedEx by 72.7% during the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after purchasing an additional 40 shares during the period. Peoples Financial Services CORP. acquired a new position in shares of FedEx during the 4th quarter valued at $28,000. City Holding Co. acquired a new position in shares of FedEx during the 4th quarter valued at $28,000. Finally, R Squared Ltd acquired a new position in shares of FedEx during the 4th quarter valued at $31,000. Institutional investors own 84.47% of the company’s stock.

Insiders Place Their Bets

In related news, Director Susan C. Schwab sold 3,980 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction 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 approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amy B. Lane purchased 333 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.87% of the company’s stock.

FedEx Price Performance

FDX opened at $247.34 on Tuesday. The stock has a market cap of $59.57 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 1.10 and a beta of 1.18. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. 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 stock has a fifty day moving average price of $279.62 and a 200 day moving average price of $282.02.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter in the previous year, the firm earned $3.99 earnings per share. The business’s quarterly revenue was down .7% compared to the same quarter last year. Analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were given a $1.38 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.23%. FedEx’s dividend payout ratio is currently 35.18%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Bank of America lifted their price target on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Stephens lowered their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, December 20th. TD Cowen lifted their target price on FedEx from $328.00 to $337.00 and gave the stock a “buy” rating in a report on Friday, December 20th. BMO Capital Markets lifted their target price on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Finally, Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and an average price target of $321.87.

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.