FedEx (FDX) Director Sells $1,122,000.00 in Stock

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.

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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.

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

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.

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

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