KCM Investment Advisors LLC Has $1.81 Million Stock Holdings in FedEx Co. (NYSE:FDX)

KCM Investment Advisors LLC lifted its stake in FedEx Co. (NYSE:FDX) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,615 shares of the shipping service provider’s stock after buying an additional 214 shares during the period. KCM Investment Advisors LLC’s holdings in FedEx were worth $1,810,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Czech National Bank boosted its stake in FedEx by 6.4% in the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after purchasing an additional 2,767 shares in the last quarter. Magnolia Capital Advisors LLC acquired a new stake in FedEx in the 2nd quarter valued at about $9,226,000. Raymond James & Associates increased its holdings in shares of FedEx by 6.9% in the third quarter. Raymond James & Associates now owns 485,698 shares of the shipping service provider’s stock valued at $132,926,000 after purchasing an additional 31,241 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in FedEx in the 2nd quarter valued at $22,052,000. Finally, Versor Investments LP bought a new position in shares of FedEx in the 3rd quarter worth $2,096,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Susquehanna lowered their price objective on shares of FedEx from $345.00 to $330.00 and set a “positive” rating for the company in a research report on Friday, September 20th. Morgan Stanley cut shares of FedEx from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $215.00 to $200.00 in a report on Friday, September 20th. HSBC cut FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price for the company. in a report on Friday, September 20th. Barclays upped their price objective on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Citigroup raised their price target on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $316.04.

FedEx Price Performance

FDX stock opened at $294.46 on Friday. FedEx Co. has a one year low of $234.45 and a one year high of $313.84. 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 stock has a market cap of $71.94 billion, a PE ratio of 18.17, a P/E/G ratio of 1.17 and a beta of 1.17. The firm has a 50 day simple moving average of $275.40 and a two-hundred day simple moving average of $276.27.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing the consensus estimate of $4.82 by ($1.22). The firm had revenue of $21.58 billion for the quarter, compared to the consensus estimate of $21.87 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. FedEx’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $4.55 earnings per share. On average, analysts predict that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.87%. FedEx’s dividend payout ratio (DPR) is currently 34.05%.

FedEx Company 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.