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

Koshinski Asset Management Inc. trimmed its position in shares of FedEx Co. (NYSE:FDX) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

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

FedEx Trading Down 1.8 %

NYSE FDX opened at $270.52 on Thursday. The stock’s 50-day simple moving average is $282.95 and its two-hundred day simple moving average is $283.61. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84. 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 capitalization of $65.16 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.14 and a beta of 1.20.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22 billion for the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter last year, the business posted $3.99 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. Research analysts forecast that FedEx Co. will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were paid a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.04%. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FDX. BMO Capital Markets increased their target price on FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Stephens dropped their target price on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, December 20th. UBS Group increased their target price on FedEx from $311.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Sanford C. Bernstein downgraded 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 research report on Tuesday, December 3rd. Finally, Loop Capital upgraded FedEx from a “hold” rating to a “buy” rating and increased their target price for the stock from $288.00 to $365.00 in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $325.61.

Insider Activity

In other news, CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the transaction, the chief executive officer now directly owns 111,886 shares of the company’s stock, valued at approximately $30,984,589.98. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.