10,970 Shares in FedEx Corporation $FDX Acquired by Compass Wealth Management LLC

Compass Wealth Management LLC acquired a new position in shares of FedEx Corporation (NYSE:FDX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 10,970 shares of the shipping service provider’s stock, valued at approximately $3,435,000.

Other large investors also recently made changes to their positions in the company. Sivia Capital Partners LLC purchased a new stake in FedEx during the 2nd quarter worth $586,000. Canada Post Corp Registered Pension Plan boosted its position in FedEx by 85.9% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 6,792 shares of the shipping service provider’s stock valued at $1,962,000 after buying an additional 3,138 shares during the last quarter. North Dakota State Investment Board purchased a new position in FedEx in the 4th quarter valued at about $2,122,000. OMERS ADMINISTRATION Corp grew its stake in shares of FedEx by 104.9% during the first quarter. OMERS ADMINISTRATION Corp now owns 17,319 shares of the shipping service provider’s stock valued at $6,169,000 after acquiring an additional 8,868 shares in the last quarter. Finally, First Nebraska Trust Co purchased a new stake in shares of FedEx during the first quarter worth about $10,675,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FDX shares. Barclays dropped their price target on shares of FedEx from $450.00 to $425.00 and set an “overweight” rating for the company in a research note on Wednesday, June 17th. Seaport Research Partners began coverage on FedEx in a report on Wednesday, May 27th. They issued a “buy” rating on the stock. Rothschild & Co Redburn dropped their price objective on shares of FedEx from $375.00 to $344.00 and set a “neutral” rating on the stock in a report on Tuesday, June 2nd. Sanford C. Bernstein set a $397.00 target price on shares of FedEx in a research note on Wednesday, June 24th. Finally, Evercore set a $165.00 target price on shares of FedEx in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus price target of $350.54.

FedEx Price Performance

Shares of FDX opened at $328.43 on Wednesday. FedEx Corporation has a one year low of $177.05 and a one year high of $345.36. The stock’s fifty day moving average is $319.36 and its 200-day moving average is $351.63. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. The firm has a market capitalization of $77.70 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share for the quarter. The business had revenue of $23.26 billion during the quarter. FedEx had a net margin of 4.68% and a return on equity of 16.49%. Equities analysts anticipate that FedEx Corporation will post 17.6 EPS for the current year.

FedEx Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd were paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, June 22nd. FedEx’s dividend payout ratio is currently 26.36%.

Insider Buying and Selling at FedEx

In other news, Director Paul S. Walsh sold 5,042 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total value of $1,636,431.52. Following the completion of the transaction, the director directly owned 16,359 shares in the company, valued at $5,309,477.04. This trade represents a 23.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.