Kozak & Associates Inc. Sells 116 Shares of FedEx Co. (NYSE:FDX)

Kozak & Associates Inc. lowered its holdings in shares of FedEx Co. (NYSE:FDX) by 9.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,070 shares of the shipping service provider’s stock after selling 116 shares during the quarter. Kozak & Associates Inc.’s holdings in FedEx were worth $294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evermay Wealth Management LLC raised its position in shares of FedEx by 72.7% during the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after buying an additional 40 shares during the last quarter. Highline Wealth Partners LLC purchased a new stake in FedEx in the 3rd quarter worth $31,000. Abound Wealth Management increased its holdings in shares of FedEx by 175.9% in the second quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock worth $45,000 after purchasing an additional 95 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in FedEx in the 3rd quarter worth approximately $47,000. Finally, Sachetta LLC raised its stake in FedEx by 29.1% during the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 0.5 %

Shares of NYSE FDX traded up $1.49 during midday trading on Monday, hitting $275.90. 773,339 shares of the company’s stock were exchanged, compared to its average volume of 1,058,178. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The firm’s fifty day simple moving average is $283.87 and its 200-day simple moving average is $284.23. The company has a market cap of $66.45 billion, a PE ratio of 17.02, a P/E/G ratio of 1.17 and a beta of 1.20. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The company had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same period last year, the company posted $3.99 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Research analysts predict that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.00%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio (DPR) is 35.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FDX. Loop Capital upgraded shares of FedEx from a “hold” rating to a “buy” rating and upped their price target for the stock from $288.00 to $365.00 in a report on Friday, December 20th. Sanford C. Bernstein cut shares of FedEx from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. Stifel Nicolaus lifted their target price on FedEx from $321.00 to $368.00 and gave the company a “buy” rating in a research note on Friday, December 20th. StockNews.com raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Finally, Daiwa America downgraded shares of FedEx from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $324.88.

Insider Activity

In other FedEx news, Director Amy B. Lane bought 333 shares of the stock in a transaction dated Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the purchase, the director now directly owns 333 shares of the company’s stock, valued at approximately $91,927.98. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.87% of the company’s stock.

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.