Kim Jabal Sells 3,980 Shares of FedEx Corporation (FDX) Stock
FedEx Corporation (NYSE:FDX) Director Kim Jabal sold 3,980 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $225.55, for a total transaction of $897,689.00. Following the transaction, the director now owns 6,080 shares in the company, valued at $1,371,344. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
FedEx Corporation (NYSE:FDX) last announced its quarterly earnings data on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by ($0.66). The firm had revenue of $15.30 billion for the quarter, compared to the consensus estimate of $15.35 billion. FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.90 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Monday, September 11th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, September 8th. This represents a $2.00 annualized dividend and a yield of 0.89%. FedEx Corporation’s dividend payout ratio is currently 18.87%.
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FDX has been the topic of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of FedEx Corporation from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, September 21st. Credit Suisse Group reiterated an “outperform” rating and set a $233.00 price objective (down from $242.00) on shares of FedEx Corporation in a research note on Friday, September 15th. Bank of America Corporation restated a “buy” rating and issued a $247.00 price target (up from $240.00) on shares of FedEx Corporation in a research report on Friday, October 6th. Loop Capital restated a “buy” rating and issued a $234.00 price target on shares of FedEx Corporation in a research report on Tuesday, July 4th. Finally, Cowen and Company restated a “buy” rating and issued a $240.00 price target on shares of FedEx Corporation in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $228.56.
Large investors have recently made changes to their positions in the business. FNY Managed Accounts LLC bought a new stake in shares of FedEx Corporation in the 1st quarter valued at about $100,000. Salem Investment Counselors Inc. increased its stake in shares of FedEx Corporation by 2.8% in the 2nd quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after acquiring an additional 13 shares during the last quarter. Riggs Asset Managment Co. Inc. increased its stake in shares of FedEx Corporation by 163.0% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock valued at $105,000 after acquiring an additional 300 shares during the last quarter. Cribstone Capital Management LLC increased its stake in shares of FedEx Corporation by 1.2% in the 2nd quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock valued at $107,000 after acquiring an additional 6 shares during the last quarter. Finally, Krilogy Financial LLC increased its stake in shares of FedEx Corporation by 0.4% in the 2nd quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after acquiring an additional 2 shares during the last quarter. 76.16% of the stock is owned by hedge funds and other institutional investors.
FedEx Corporation Company Profile
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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