Frederick W. Smith Sells 124,000 Shares of FedEx (FDX) Stock

FedEx (NYSE:FDX) CEO Frederick W. Smith sold 124,000 shares of FedEx stock in a transaction dated Wednesday, April 18th. The stock was sold at an average price of $255.99, for a total value of $31,742,760.00. Following the completion of the transaction, the chief executive officer now directly owns 14,864,465 shares of the company’s stock, valued at $3,805,154,395.35. The transaction was disclosed in a document filed with the SEC, which is available at this link.

FDX stock traded down $4.47 during mid-day trading on Friday, reaching $247.12. 1,512,469 shares of the company traded hands, compared to its average volume of 1,892,038. The company has a market capitalization of $68,453.83, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.38. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.37 and a current ratio of 1.43. FedEx has a fifty-two week low of $185.20 and a fifty-two week high of $274.66.

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FedEx (NYSE:FDX) last released its quarterly earnings results on Tuesday, March 20th. The shipping service provider reported $3.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.61. The business had revenue of $16.53 billion during the quarter, compared to the consensus estimate of $16.17 billion. FedEx had a return on equity of 21.65% and a net margin of 6.99%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.35 EPS. sell-side analysts forecast that FedEx will post 15.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Monday, March 12th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, March 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.81%. FedEx’s dividend payout ratio (DPR) is currently 16.26%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in shares of FedEx by 27.6% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,604 shares of the shipping service provider’s stock worth $4,393,000 after buying an additional 3,807 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in shares of FedEx by 18.7% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,021 shares of the shipping service provider’s stock worth $504,000 after buying an additional 318 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of FedEx by 8.9% in the 4th quarter. Xact Kapitalforvaltning AB now owns 38,868 shares of the shipping service provider’s stock worth $9,699,000 after buying an additional 3,166 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of FedEx by 38.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 61,913 shares of the shipping service provider’s stock worth $15,448,000 after buying an additional 17,129 shares during the last quarter. Finally, Griffin Asset Management Inc. boosted its stake in shares of FedEx by 12.0% in the 4th quarter. Griffin Asset Management Inc. now owns 6,030 shares of the shipping service provider’s stock worth $1,505,000 after buying an additional 645 shares during the last quarter. Hedge funds and other institutional investors own 74.70% of the company’s stock.

A number of analysts recently commented on the company. Credit Suisse Group decreased their target price on FedEx from $314.00 to $306.00 and set an “outperform” rating for the company in a research report on Wednesday, March 21st. BMO Capital Markets reaffirmed a “buy” rating and issued a $300.00 target price on shares of FedEx in a research report on Monday, January 8th. Bank of America reaffirmed a “buy” rating and issued a $315.00 target price on shares of FedEx in a research report on Friday, January 12th. Zacks Investment Research raised FedEx from a “hold” rating to a “buy” rating and set a $272.00 target price for the company in a research report on Thursday, December 21st. Finally, Robert W. Baird boosted their target price on FedEx from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-two have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $281.51.

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About FedEx

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.

Insider Buying and Selling by Quarter for FedEx (NYSE:FDX)

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