Compass Wealth Management LLC Sells 695 Shares of FedEx Co. (NYSE:FDX)

Compass Wealth Management LLC cut its stake in FedEx Co. (NYSE:FDX) by 4.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,049 shares of the shipping service provider’s stock after selling 695 shares during the period. Compass Wealth Management LLC’s holdings in FedEx were worth $3,845,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in FedEx by 5.6% in the first quarter. Vanguard Group Inc. now owns 19,868,165 shares of the shipping service provider’s stock valued at $5,756,602,000 after acquiring an additional 1,056,061 shares during the last quarter. Capital International Investors boosted its holdings in shares of FedEx by 32.5% during the 1st quarter. Capital International Investors now owns 8,831,084 shares of the shipping service provider’s stock worth $2,558,718,000 after buying an additional 2,163,622 shares in the last quarter. Mawer Investment Management Ltd. boosted its holdings in shares of FedEx by 43.5% during the 1st quarter. Mawer Investment Management Ltd. now owns 2,258,579 shares of the shipping service provider’s stock worth $654,401,000 after buying an additional 684,679 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of FedEx by 34.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock worth $674,336,000 after buying an additional 578,350 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of FedEx by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider’s stock worth $654,312,000 after buying an additional 121,240 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on FDX. HSBC cut FedEx from a “buy” rating to a “hold” rating and set a $300.00 price target on the stock. in a report on Friday, September 20th. Evercore ISI cut their price target on FedEx from $335.00 to $318.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. StockNews.com cut FedEx from a “buy” rating to a “hold” rating in a report on Sunday, October 6th. Bank of America lowered their target price on FedEx from $347.00 to $345.00 and set a “buy” rating on the stock in a research report on Wednesday, September 18th. Finally, Argus upped their target price on FedEx from $325.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $314.17.

FedEx Stock Performance

Shares of FedEx stock traded up $3.62 during trading hours on Thursday, hitting $275.42. 533,732 shares of the company’s stock traded hands, compared to its average volume of 1,847,803. FedEx Co. has a 12-month low of $224.69 and a 12-month high of $313.84. The stock has a market capitalization of $67.78 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.06 and a beta of 1.17. The company has a fifty day simple moving average of $280.25 and a 200-day simple moving average of $275.05. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $21.58 billion for the quarter, compared to analysts’ expectations of $21.87 billion. During the same period in the prior year, the business earned $4.55 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Equities research analysts anticipate that FedEx Co. will post 19.6 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Monday, September 9th. FedEx’s dividend payout ratio is presently 32.04%.

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.