FedEx (NYSE:FDX) Director Paul S. Walsh sold 4,400 shares of the business’s stock in a transaction that occurred on Wednesday, April 18th. The stock was sold at an average price of $255.00, for a total transaction of $1,122,000.00. Following the transaction, the director now owns 14,400 shares of the company’s stock, valued at approximately $3,672,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
FDX stock opened at $247.12 on Friday. The firm has a market capitalization of $68,453.83, a PE ratio of 20.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.38. The company has a current ratio of 1.43, a quick ratio of 1.37 and a debt-to-equity ratio of 0.85. FedEx has a 12 month low of $185.20 and a 12 month high of $274.66.
FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, March 20th. The shipping service provider reported $3.72 EPS for the quarter, beating the consensus estimate of $3.11 by $0.61. The business had revenue of $16.53 billion for the quarter, compared to the consensus estimate of $16.17 billion. FedEx had a net margin of 6.99% and a return on equity of 21.65%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.35 EPS. research analysts expect that FedEx will post 15.14 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Cerebellum GP LLC purchased a new stake in shares of FedEx in the 4th quarter valued at $125,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of FedEx in the 4th quarter valued at $144,000. We Are One Seven LLC acquired a new position in shares of FedEx in the 4th quarter valued at $148,000. Noesis Capital Mangement Corp acquired a new position in shares of FedEx in the 4th quarter valued at $202,000. Finally, ProVise Management Group LLC acquired a new position in shares of FedEx in the 4th quarter valued at $206,000. 74.70% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently commented on FDX. Bank of America reiterated a “buy” rating and set a $315.00 price objective on shares of FedEx in a research note on Friday, January 12th. Stifel Nicolaus upgraded shares of FedEx from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $284.00 to $295.00 in a research note on Wednesday, March 21st. Zacks Investment Research lowered shares of FedEx from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Stephens set a $306.00 price objective on shares of FedEx and gave the stock a “buy” rating in a research note on Wednesday, March 21st. Finally, Credit Suisse Group reduced their price objective on shares of FedEx from $314.00 to $306.00 and set an “outperform” rating for the company in a research note on Wednesday, March 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $281.51.
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FedEx Company Profile
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.
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