Kozak & Associates Inc. Has $224,000 Stake in FedEx Co. (NYSE:FDX)

Kozak & Associates Inc. decreased its holdings in shares of FedEx Co. (NYSE:FDX) by 14.0% in the 1st quarter, Holdings Channel reports. The fund owned 920 shares of the shipping service provider’s stock after selling 150 shares during the period. Kozak & Associates Inc.’s holdings in FedEx were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in FedEx by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider’s stock worth $5,682,727,000 after acquiring an additional 56,236 shares in the last quarter. Dodge & Cox increased its stake in shares of FedEx by 5.6% in the fourth quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider’s stock valued at $3,907,568,000 after buying an additional 734,268 shares during the period. Geode Capital Management LLC increased its stake in shares of FedEx by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider’s stock valued at $1,350,686,000 after buying an additional 109,006 shares during the period. Franklin Resources Inc. increased its stake in shares of FedEx by 8.1% in the fourth quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider’s stock valued at $1,209,338,000 after buying an additional 323,115 shares during the period. Finally, Invesco Ltd. increased its stake in shares of FedEx by 4.1% in the fourth quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider’s stock valued at $906,165,000 after buying an additional 127,044 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FDX stock opened at $227.80 on Wednesday. FedEx Co. has a 52 week low of $194.30 and a 52 week high of $313.84. The firm has a 50 day moving average of $215.61 and a 200-day moving average of $248.64. 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 company has a market cap of $54.58 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The firm had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same quarter in the prior year, the business earned $3.86 earnings per share. FedEx’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities analysts forecast that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 8th. Investors of record on Monday, June 23rd will be issued a $1.45 dividend. This is a boost from FedEx’s previous quarterly dividend of $1.38. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date is Monday, June 23rd. FedEx’s dividend payout ratio (DPR) is currently 34.63%.

Insider Buying and Selling

In related news, COO John Alan Smith sold 6,155 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total value of $1,499,050.25. Following the transaction, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. This trade represents a 20.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Raymond James lowered their price objective on FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Friday, March 21st. Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a research note on Friday, March 21st. Jefferies Financial Group raised FedEx from a “hold” rating to a “buy” rating and lowered their price objective for the company from $300.00 to $275.00 in a research note on Monday, March 24th. BMO Capital Markets lowered their price objective on FedEx from $275.00 to $260.00 and set a “market perform” rating for the company in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. lowered their price objective on FedEx from $323.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and an average target price of $295.33.

FedEx 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.