FedEx Co. (FDX) Director Acquires $19,836.80 in Stock

FedEx Co. (NYSE:FDX) Director Susan C. Schwab acquired 80 shares of the stock in a transaction on Tuesday, February 6th. The shares were purchased at an average price of $247.96 per share, for a total transaction of $19,836.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

FedEx Co. (NYSE:FDX) opened at $251.15 on Thursday. FedEx Co. has a 12-month low of $182.89 and a 12-month high of $274.66. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50. The stock has a market capitalization of $67,280.00, a PE ratio of 23.08, a price-to-earnings-growth ratio of 1.46 and a beta of 1.30.

FedEx (NYSE:FDX) last released its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.89 by $0.29. FedEx had a return on equity of 20.56% and a net margin of 4.74%. The firm had revenue of $16.30 billion for the quarter, compared to analysts’ expectations of $15.67 billion. During the same quarter in the previous year, the business posted $2.80 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. equities research analysts forecast that FedEx Co. will post 13.38 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Beach Investment Management LLC. acquired a new stake in shares of FedEx during the second quarter valued at about $11,976,000. NBT Bank N A NY boosted its stake in shares of FedEx by 5.2% during the second quarter. NBT Bank N A NY now owns 1,785 shares of the shipping service provider’s stock valued at $387,000 after purchasing an additional 88 shares in the last quarter. Commerce Bank boosted its stake in shares of FedEx by 4.1% during the second quarter. Commerce Bank now owns 24,720 shares of the shipping service provider’s stock valued at $5,372,000 after purchasing an additional 963 shares in the last quarter. Covington Investment Advisors Inc. boosted its stake in shares of FedEx by 0.5% during the second quarter. Covington Investment Advisors Inc. now owns 20,657 shares of the shipping service provider’s stock valued at $4,489,000 after purchasing an additional 100 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new stake in shares of FedEx during the second quarter valued at about $2,388,000. Hedge funds and other institutional investors own 76.23% of the company’s stock.

Several research analysts have weighed in on the company. Cowen reiterated an “outperform” rating and set a $240.00 price objective on shares of FedEx in a research report on Friday, October 13th. Oppenheimer restated a “buy” rating and issued a $265.00 price target (up previously from $236.00) on shares of FedEx in a research report on Wednesday, December 20th. Zacks Investment Research upgraded FedEx from a “sell” rating to a “hold” rating in a research report on Tuesday, December 12th. BMO Capital Markets restated a “buy” rating and issued a $300.00 price target on shares of FedEx in a research report on Monday, January 8th. Finally, Sanford C. Bernstein set a $212.00 price target on FedEx and gave the stock a “hold” rating in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $273.12.

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FedEx 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.

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

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