Compass Capital Management Inc. Sells 1,281 Shares of FedEx Co. (NYSE:FDX)

Compass Capital Management Inc. trimmed its holdings in FedEx Co. (NYSE:FDX) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 210,254 shares of the shipping service provider’s stock after selling 1,281 shares during the quarter. FedEx makes up approximately 3.8% of Compass Capital Management Inc.’s holdings, making the stock its 19th biggest position. Compass Capital Management Inc. owned 0.08% of FedEx worth $53,188,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. KRS Capital Management LLC raised its holdings in FedEx by 4.1% during the 4th quarter. KRS Capital Management LLC now owns 1,041 shares of the shipping service provider’s stock valued at $263,000 after buying an additional 41 shares during the period. Zullo Investment Group Inc. grew its position in FedEx by 0.7% in the 4th quarter. Zullo Investment Group Inc. now owns 5,721 shares of the shipping service provider’s stock valued at $1,447,000 after acquiring an additional 42 shares during the last quarter. Toth Financial Advisory Corp grew its position in FedEx by 18.0% in the 4th quarter. Toth Financial Advisory Corp now owns 288 shares of the shipping service provider’s stock valued at $73,000 after acquiring an additional 44 shares during the last quarter. SVB Wealth LLC grew its position in FedEx by 2.5% in the 4th quarter. SVB Wealth LLC now owns 1,801 shares of the shipping service provider’s stock valued at $456,000 after acquiring an additional 44 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in FedEx by 42.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 151 shares of the shipping service provider’s stock valued at $40,000 after acquiring an additional 45 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Down 1.5 %

FDX stock traded down $4.08 during mid-day trading on Tuesday, reaching $261.78. The company had a trading volume of 853,538 shares, compared to its average volume of 1,999,098. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.26 and a current ratio of 1.31. The company has a market capitalization of $64.42 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.25 and a beta of 1.21. The firm has a fifty day simple moving average of $262.74 and a 200 day simple moving average of $254.58. FedEx Co. has a fifty-two week low of $213.80 and a fifty-two week high of $291.27.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.37. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.95 billion. FedEx had a return on equity of 16.60% and a net margin of 5.02%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the firm earned $3.41 EPS. Analysts forecast that FedEx Co. will post 17.69 earnings per share for the current fiscal year.

FedEx announced that its board has authorized a share buyback plan on Thursday, March 21st that authorizes the company to repurchase $5.00 billion in shares. This repurchase authorization authorizes the shipping service provider to repurchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were issued a dividend of $1.26 per share. The ex-dividend date was Friday, March 8th. This represents a $5.04 annualized dividend and a dividend yield of 1.93%. FedEx’s payout ratio is currently 29.07%.

Insider Activity at FedEx

In related news, Director Susan C. Schwab sold 6,145 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $288.02, for a total transaction of $1,769,882.90. Following the completion of the transaction, the director now owns 7,865 shares in the company, valued at approximately $2,265,277.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Susan C. Schwab sold 6,145 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $288.02, for a total transaction of $1,769,882.90. Following the completion of the sale, the director now owns 7,865 shares in the company, valued at approximately $2,265,277.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Guy M. Erwin II sold 2,749 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $289.11, for a total value of $794,763.39. Following the completion of the transaction, the vice president now directly owns 486 shares of the company’s stock, valued at $140,507.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 136,668 shares of company stock worth $37,758,773. 8.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on FDX. BMO Capital Markets upped their price objective on FedEx from $290.00 to $310.00 and gave the company a “market perform” rating in a research report on Friday, March 22nd. Barclays increased their price target on FedEx from $310.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Jefferies Financial Group lifted their price objective on shares of FedEx from $265.00 to $300.00 and gave the company a “hold” rating in a research note on Friday, March 22nd. Stifel Nicolaus cut their price objective on shares of FedEx from $306.00 to $303.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Finally, BNP Paribas reaffirmed an “underperform” rating and set a $250.00 target price on shares of FedEx in a report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $301.33.

FedEx Company 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.