Compass Capital Management Inc. Decreases Stake in FedEx Co. (NYSE:FDX)

Compass Capital Management Inc. cut its holdings in FedEx Co. (NYSE:FDX) by 0.8% during the fourth quarter, according to the company in its most recent Form 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 quarter. FedEx accounts for 3.8% of Compass Capital Management Inc.’s portfolio, making the stock its 16th biggest holding. Compass Capital Management Inc. owned 0.09% of FedEx worth $58,505,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of FDX. Fortitude Family Office LLC boosted its position in FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 52 shares in the last quarter. Evermay Wealth Management LLC boosted its position in FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock worth $26,000 after purchasing an additional 40 shares in the last quarter. Peoples Financial Services CORP. purchased a new stake in FedEx during the fourth quarter worth $28,000. City Holding Co. purchased a new stake in FedEx during the fourth quarter worth $28,000. Finally, Highline Wealth Partners LLC purchased a new stake in FedEx during the third quarter worth $31,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. BNP Paribas raised FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Raymond James boosted their price target on FedEx from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. BMO Capital Markets boosted their price target on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Stephens cut their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a report on Friday, December 20th. Finally, Barclays boosted their price target on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $321.87.

Insider Buying and Selling at FedEx

In related news, EVP John W. Dietrich purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average price of $273.98 per share, with a total value of $273,980.00. Following the acquisition, the executive vice president now owns 9,067 shares in the company, valued at approximately $2,484,176.66. This trade represents a 12.40 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Amy B. Lane purchased 333 shares of the business’s stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the acquisition, the director now owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. 8.87% of the stock is owned by insiders.

FedEx Price Performance

Shares of NYSE FDX opened at $247.34 on Tuesday. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The business has a 50 day moving average price of $279.62 and a two-hundred day moving average price of $282.02. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The firm has a market cap of $59.57 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating 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 firm had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same quarter last year, the firm earned $3.99 EPS. FedEx’s quarterly revenue was down .7% on a year-over-year basis. Sell-side analysts expect that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were paid a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 2.23%. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

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.