Koshinski Asset Management Inc. Sells 63 Shares of FedEx Co. (NYSE:FDX)

Koshinski Asset Management Inc. lowered its position in shares of FedEx Co. (NYSE:FDX) by 3.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,822 shares of the shipping service provider’s stock after selling 63 shares during the period. Koshinski Asset Management Inc.’s holdings in FedEx were worth $513,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDX. AE Wealth Management LLC grew its position in FedEx by 49.0% during the 2nd quarter. AE Wealth Management LLC now owns 2,881 shares of the shipping service provider’s stock worth $864,000 after acquiring an additional 948 shares during the last quarter. Bank of Montreal Can grew its position in FedEx by 13.1% during the 2nd quarter. Bank of Montreal Can now owns 313,851 shares of the shipping service provider’s stock worth $94,130,000 after acquiring an additional 36,318 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in FedEx by 57.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,815 shares of the shipping service provider’s stock worth $13,437,000 after acquiring an additional 16,382 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in FedEx during the 2nd quarter worth $2,956,000. Finally, AXA S.A. grew its position in shares of FedEx by 10.1% in the 2nd quarter. AXA S.A. now owns 51,944 shares of the shipping service provider’s stock valued at $15,575,000 after buying an additional 4,746 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on FDX shares. Wells Fargo & Company upped their price target on FedEx from $305.00 to $320.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Bank of America upped their price target on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Stephens reduced their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, December 20th. Barclays upped their price target on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Finally, StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.61.

FedEx Stock Performance

Shares of FedEx stock opened at $270.52 on Thursday. The company has a market cap of $65.16 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.14 and a beta of 1.20. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The business has a 50 day moving average price of $282.95 and a 200-day moving average price of $283.61. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.99 earnings per share. Equities analysts anticipate that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio is presently 35.18%.

Insider Activity

In other news, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total value of $713,371.68. Following the completion of the transaction, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at $30,984,589.98. This represents a 2.25 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Amy B. Lane bought 333 shares of FedEx stock in a transaction dated Thursday, December 26th. The stock was acquired at an average cost of $276.06 per share, with a total value of $91,927.98. Following the completion of the acquisition, the director now owns 333 shares of the company’s stock, valued at $91,927.98. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.87% of the stock is currently owned by corporate insiders.

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.