Compass Capital Management Inc. Buys 13,146 Shares of FedEx Co. (NYSE:FDX)

Compass Capital Management Inc. boosted its stake in FedEx Co. (NYSE:FDX - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,105 shares of the shipping service provider's stock after purchasing an additional 13,146 shares during the quarter. FedEx makes up 3.5% of Compass Capital Management Inc.'s investment portfolio, making the stock its 24th largest position. Compass Capital Management Inc. owned about 0.09% of FedEx worth $53,901,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Regal Investment Advisors LLC raised its holdings in shares of FedEx by 2.4% in the 4th quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider's stock valued at $451,000 after acquiring an additional 38 shares in the last quarter. Aviso Financial Inc. boosted its position in shares of FedEx by 1.2% during the fourth quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider's stock valued at $957,000 after purchasing an additional 40 shares in the last quarter. Garner Asset Management Corp boosted its position in shares of FedEx by 0.7% during the fourth quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider's stock valued at $1,659,000 after purchasing an additional 41 shares in the last quarter. WealthPlan Investment Management LLC boosted its position in shares of FedEx by 2.6% during the fourth quarter. WealthPlan Investment Management LLC now owns 1,680 shares of the shipping service provider's stock valued at $473,000 after purchasing an additional 42 shares in the last quarter. Finally, Curi RMB Capital LLC boosted its position in shares of FedEx by 1.3% during the fourth quarter. Curi RMB Capital LLC now owns 3,615 shares of the shipping service provider's stock valued at $1,017,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 84.47% of the company's stock.

Insider Transactions at FedEx

In related news, COO John Alan Smith sold 6,155 shares of the stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the transaction, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at approximately $5,686,161.85. This represents a 20.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.87% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on FDX. Citigroup dropped their price target on FedEx from $305.00 to $267.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. BMO Capital Markets dropped their price target on FedEx from $275.00 to $260.00 and set a "market perform" rating on the stock in a research report on Monday, May 19th. Raymond James dropped their price target on FedEx from $320.00 to $290.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Finally, Cfra Research raised FedEx to a "hold" rating in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $292.54.

FedEx Stock Down 0.5%

FedEx stock opened at $223.95 on Friday. The stock has a fifty day moving average of $216.82 and a 200 day moving average of $246.98. FedEx Co. has a one year low of $194.30 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.19 and a current ratio of 1.23. The stock has a market cap of $53.66 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the prior year, the firm posted $3.86 EPS. The business's revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd will be paid a $1.45 dividend. This is a positive change from FedEx's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.59%. FedEx's dividend payout ratio is 36.39%.

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.

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