Kavar Capital Partners Group LLC Has $3.77 Million Stock Position in FedEx Corporation (NYSE:FDX)

Kavar Capital Partners Group LLC grew its holdings in FedEx Corporation (NYSE:FDX) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,448 shares of the shipping service provider’s stock after acquiring an additional 522 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in FedEx were worth $3,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Transce3nd LLC bought a new stake in FedEx in the 4th quarter valued at about $26,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $28,000. Runnymede Capital Advisors Inc. bought a new stake in shares of FedEx in the fourth quarter valued at approximately $32,000. Accredited Wealth Management LLC acquired a new stake in FedEx during the fourth quarter worth approximately $35,000. Finally, Optiver Holding B.V. bought a new position in FedEx during the 4th quarter worth $39,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on FDX shares. Oppenheimer reiterated a “market perform” rating on shares of FedEx in a research report on Friday, March 21st. Citigroup cut their price objective on shares of FedEx from $267.00 to $259.00 and set a “buy” rating for the company in a research report on Wednesday. Raymond James Financial decreased their target price on shares of FedEx from $275.00 to $260.00 and set an “outperform” rating on the stock in a report on Wednesday. Jefferies Financial Group raised shares of FedEx from a “hold” rating to a “buy” rating and cut their price target for the stock from $300.00 to $275.00 in a report on Monday, March 24th. Finally, Barclays reduced their price target on shares of FedEx from $330.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $285.75.

FedEx Price Performance

FDX stock opened at $222.07 on Thursday. The company has a market capitalization of $53.21 billion, a P/E ratio of 13.16, a PEG ratio of 1.15 and a beta of 1.35. The company has a fifty day moving average price of $219.48 and a 200-day moving average price of $243.71. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.24. FedEx Corporation has a 52-week low of $194.30 and a 52-week high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, beating analysts’ consensus estimates of $5.98 by $0.09. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. FedEx had a return on equity of 16.54% and a net margin of 4.65%. During the same period in the prior year, the business posted $5.41 earnings per share. As a group, equities analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Monday, June 23rd will be paid a $1.45 dividend. This is a positive change from FedEx’s previous quarterly dividend of $1.38. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Monday, June 23rd. FedEx’s payout ratio is currently 36.39%.

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.