FedEx Co. (NYSE:FDX) Director Paul S. Walsh sold 4,440 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $161.88, for a total value of $718,747.20. Following the sale, the director now directly owns 16,440 shares of the company’s stock, valued at $2,661,307.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NYSE:FDX traded up $4.87 during midday trading on Friday, reaching $167.47. The company’s stock had a trading volume of 3,224,694 shares, compared to its average volume of 2,117,795. The firm has a market capitalization of $43.75 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 0.86 and a beta of 1.65. FedEx Co. has a twelve month low of $150.68 and a twelve month high of $259.25. The firm has a fifty day moving average price of $161.01. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.45 and a quick ratio of 1.39.
FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.93 by $0.08. The firm had revenue of $17.81 billion for the quarter, compared to the consensus estimate of $17.85 billion. FedEx had a net margin of 0.77% and a return on equity of 21.57%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.91 earnings per share. Equities analysts predict that FedEx Co. will post 14.61 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Monday, June 24th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Friday, June 21st. FedEx’s dividend payout ratio is currently 16.75%.
A number of institutional investors have recently added to or reduced their stakes in FDX. Comerica Securities Inc. increased its holdings in FedEx by 369.7% in the fourth quarter. Comerica Securities Inc. now owns 43,263 shares of the shipping service provider’s stock valued at $6,986,000 after purchasing an additional 34,052 shares during the last quarter. Fiera Capital Corp lifted its holdings in FedEx by 10.7% in the 4th quarter. Fiera Capital Corp now owns 10,208 shares of the shipping service provider’s stock worth $1,647,000 after purchasing an additional 984 shares during the last quarter. New South Capital Management Inc. lifted its holdings in FedEx by 30.0% in the 4th quarter. New South Capital Management Inc. now owns 383,003 shares of the shipping service provider’s stock worth $61,790,000 after purchasing an additional 88,391 shares during the last quarter. First Heartland Consultants Inc. increased its position in FedEx by 23.7% in the 4th quarter. First Heartland Consultants Inc. now owns 2,074 shares of the shipping service provider’s stock worth $335,000 after buying an additional 397 shares during the period. Finally, Haverford Trust Co. increased its position in shares of FedEx by 18.6% during the fourth quarter. Haverford Trust Co. now owns 258,302 shares of the shipping service provider’s stock valued at $41,672,000 after purchasing an additional 40,431 shares during the period. Hedge funds and other institutional investors own 69.25% of the company’s stock.
A number of equities analysts have recently weighed in on the company. UBS Group set a $13.00 target price on Freeport-McMoRan and gave the stock a “hold” rating in a research note on Wednesday, June 26th. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. Susquehanna Bancshares restated a “neutral” rating and set a $174.00 target price on shares of FedEx in a research report on Thursday, March 28th. Oppenheimer decreased their price target on shares of FedEx from $192.00 to $176.00 and set an “outperform” rating on the stock in a report on Thursday, June 27th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 785 ($10.26) price target on shares of in a report on Wednesday, June 26th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $191.63.
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
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