FedEx Co. (NYSE:FDX) Stock Holdings Increased by KCM Investment Advisors LLC

KCM Investment Advisors LLC grew its position in shares of FedEx Co. (NYSE:FDX) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,401 shares of the shipping service provider’s stock after buying an additional 91 shares during the period. KCM Investment Advisors LLC’s holdings in FedEx were worth $1,919,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. raised its position in shares of FedEx by 20.9% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,246 shares of the shipping service provider’s stock worth $7,398,000 after purchasing an additional 5,055 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of FedEx during the first quarter worth about $1,667,000. Allegheny Financial Group LTD acquired a new stake in shares of FedEx in the 1st quarter worth about $203,000. Hilltop National Bank bought a new stake in FedEx in the 1st quarter valued at about $476,000. Finally, Csenge Advisory Group boosted its stake in FedEx by 14.9% during the 1st quarter. Csenge Advisory Group now owns 2,297 shares of the shipping service provider’s stock valued at $666,000 after purchasing an additional 298 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FDX. JPMorgan Chase & Co. upgraded FedEx from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $296.00 to $359.00 in a research report on Wednesday, June 26th. Morgan Stanley raised their price target on FedEx from $210.00 to $215.00 and gave the company an “equal weight” rating in a report on Wednesday, June 26th. UBS Group reduced their price objective on shares of FedEx from $340.00 to $333.00 and set a “buy” rating for the company in a report on Tuesday, May 21st. Raymond James lowered their target price on shares of FedEx from $325.00 to $300.00 and set an “outperform” rating on the stock in a research note on Monday, June 24th. Finally, Stephens reaffirmed an “overweight” rating and issued a $325.00 price target on shares of FedEx in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $313.96.

Insiders Place Their Bets

In related news, CAO Guy M. Erwin II sold 116 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $299.24, for a total transaction of $34,711.84. Following the sale, the chief accounting officer now directly owns 930 shares in the company, valued at approximately $278,293.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other FedEx news, CEO Sriram Krishnasamy sold 8,421 shares of the stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $310.14, for a total value of $2,611,688.94. Following the transaction, the chief executive officer now directly owns 12,246 shares in the company, valued at approximately $3,797,974.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Guy M. Erwin II sold 116 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total value of $34,711.84. Following the completion of the transaction, the chief accounting officer now owns 930 shares in the company, valued at approximately $278,293.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,944 shares of company stock valued at $9,882,355. 8.73% of the stock is currently owned by insiders.

FedEx Stock Performance

NYSE FDX opened at $298.67 on Friday. The company’s fifty day moving average is $292.37 and its two-hundred day moving average is $269.63. The firm has a market capitalization of $73.50 billion, a price-to-earnings ratio of 17.33, a P/E/G ratio of 1.08 and a beta of 1.18. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.32. FedEx Co. has a 52-week low of $224.69 and a 52-week high of $313.84.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.34 by $0.07. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The firm had revenue of $22.11 billion during the quarter, compared to analysts’ expectations of $22.04 billion. During the same period last year, the business earned $4.94 earnings per share. FedEx’s quarterly revenue was up .8% compared to the same quarter last year. Equities research analysts forecast that FedEx Co. will post 20.94 EPS for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be given a $1.38 dividend. The ex-dividend date is Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a yield of 1.85%. FedEx’s dividend payout ratio (DPR) 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.