CKW Financial Group Has $189,000 Position in FedEx Co. (NYSE:FDX)

CKW Financial Group lessened its stake in shares of FedEx Co. (NYSE:FDX) by 12.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 700 shares of the shipping service provider’s stock after selling 100 shares during the quarter. CKW Financial Group’s holdings in FedEx were worth $189,000 as of its most recent filing with the Securities & Exchange Commission.

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

FedEx Trading Down 1.7 %

NYSE:FDX traded down $5.17 during trading hours on Tuesday, hitting $299.98. 525,004 shares of the stock were exchanged, compared to its average volume of 1,797,236. The company’s 50 day moving average is $276.59 and its two-hundred day moving average is $277.98. The company has a market capitalization of $73.29 billion, a P/E ratio of 18.81, a price-to-earnings-growth ratio of 1.25 and a beta of 1.17. 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 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72.

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 analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $21.58 billion during the quarter, compared to analyst estimates of $21.87 billion. During the same quarter in the previous year, the business earned $4.55 earnings per share. FedEx’s revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts anticipate that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 1.84%. FedEx’s payout ratio is presently 34.05%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FDX shares. Raymond James lowered their price target on FedEx from $335.00 to $330.00 and set a “buy” rating on the stock in a research note on Friday, September 20th. UBS Group lowered their price objective on FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a research report on Friday, September 20th. Morgan Stanley cut FedEx from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $215.00 to $200.00 in a research report on Friday, September 20th. Citigroup boosted their price target on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of FedEx from $359.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and an average target price of $316.04.

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.