Koshinski Asset Management Inc. Reduces Position in FedEx Co. (NYSE:FDX)

Koshinski Asset Management Inc. lessened its holdings in shares of FedEx Co. (NYSE:FDX) by 35.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,368 shares of the shipping service provider’s stock after selling 755 shares during the period. Koshinski Asset Management Inc.’s holdings in FedEx were worth $346,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FDX. Financial Management Professionals Inc. raised its stake in FedEx by 143.2% in the fourth quarter. Financial Management Professionals Inc. now owns 107 shares of the shipping service provider’s stock worth $27,000 after buying an additional 63 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new stake in shares of FedEx during the 4th quarter worth approximately $31,000. Planned Solutions Inc. purchased a new position in shares of FedEx during the 4th quarter worth approximately $32,000. Valley National Advisers Inc. boosted its position in shares of FedEx by 123.3% during the 4th quarter. Valley National Advisers Inc. now owns 134 shares of the shipping service provider’s stock worth $33,000 after purchasing an additional 74 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. purchased a new position in FedEx in the 1st quarter valued at approximately $35,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

FDX has been the subject of several recent research reports. Stephens decreased their price target on shares of FedEx from $330.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, December 20th. BNP Paribas reiterated an “underperform” rating and set a $250.00 target price on shares of FedEx in a research note on Wednesday, March 27th. Morgan Stanley boosted their price target on shares of FedEx from $195.00 to $210.00 and gave the company an “equal weight” rating in a research report on Friday, March 22nd. Robert W. Baird boosted their price target on shares of FedEx from $315.00 to $325.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of FedEx from $322.00 to $305.00 and set a “neutral” rating for the company in a report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.33.

Insiders Place Their Bets

In other FedEx news, Chairman Frederick W. Smith sold 113,400 shares of the stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $274.30, for a total transaction of $31,105,620.00. Following the transaction, the chairman now owns 14,505,844 shares of the company’s stock, valued at $3,978,953,009.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Guy M. Erwin II sold 2,749 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $289.11, for a total value of $794,763.39. Following the transaction, the vice president now owns 486 shares of the company’s stock, valued at approximately $140,507.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Frederick W. Smith sold 113,400 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $274.30, for a total transaction of $31,105,620.00. Following the completion of the transaction, the chairman now directly owns 14,505,844 shares in the company, valued at approximately $3,978,953,009.20. The disclosure for this sale can be found here. Insiders have sold a total of 136,668 shares of company stock valued at $37,758,773 over the last quarter. Company insiders own 8.73% of the company’s stock.

FedEx Stock Performance

Shares of FDX opened at $266.74 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.26 and a current ratio of 1.31. The company has a market capitalization of $65.64 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.26 and a beta of 1.21. The company’s 50 day simple moving average is $257.41 and its 200 day simple moving average is $254.05. FedEx Co. has a 1 year low of $213.80 and a 1 year high of $291.27.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.37. The business had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.95 billion. FedEx had a net margin of 5.02% and a return on equity of 16.60%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.41 earnings per share. On average, sell-side analysts predict that FedEx Co. will post 17.67 EPS for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were paid a dividend of $1.26 per share. This represents a $5.04 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Friday, March 8th. FedEx’s dividend payout ratio is currently 29.07%.

FedEx announced that its board has authorized a share buyback plan on Thursday, March 21st that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the shipping service provider to repurchase up to 7.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.