FedEx (NYSE:FDX) Stock Price Up 1.3%

FedEx Co. (NYSE:FDX)’s stock price traded up 1.3% on Thursday . The stock traded as high as $270.99 and last traded at $267.33. 558,550 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 1,875,270 shares. The stock had previously closed at $263.77.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Stephens reaffirmed an “overweight” rating and set a $350.00 price objective on shares of FedEx in a research note on Friday, September 20th. StockNews.com lowered FedEx from a “buy” rating to a “hold” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. cut their price target on FedEx from $359.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Loop Capital lowered their price objective on FedEx from $317.00 to $288.00 and set a “hold” rating on the stock in a research note on Monday. Finally, BMO Capital Markets cut their target price on FedEx from $325.00 to $300.00 and set a “market perform” rating for the company in a research note on Friday, September 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $314.74.

FedEx Stock Up 1.3 %

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The business has a 50 day simple moving average of $289.65 and a 200 day simple moving average of $275.34. The company has a market capitalization of $65.31 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.04 and a beta of 1.17.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.82 by ($1.22). The firm had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. FedEx’s revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company posted $4.55 EPS. As a group, equities analysts predict that FedEx Co. will post 19.66 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 9th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.07%. The ex-dividend date is Monday, September 9th. FedEx’s payout ratio is currently 32.04%.

Insider Buying and Selling at FedEx

In related news, CEO Sriram Krishnasamy sold 8,421 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $310.14, for a total value of $2,611,688.94. Following the sale, the chief executive officer now owns 12,246 shares of the company’s stock, valued at $3,797,974.44. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Sriram Krishnasamy sold 8,421 shares of the stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $310.14, for a total value of $2,611,688.94. Following the transaction, the chief executive officer now owns 12,246 shares in the company, valued at approximately $3,797,974.44. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brie Carere sold 1,958 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total value of $607,821.94. Following the sale, the executive vice president now owns 19,937 shares of the company’s stock, valued at approximately $6,189,042.91. The disclosure for this sale can be found here. Insiders have sold 32,944 shares of company stock valued at $9,882,355 in the last quarter. Corporate insiders own 8.73% of the company’s stock.

Institutional Investors Weigh In On FedEx

A number of institutional investors and hedge funds have recently bought and sold shares of FDX. Precision Wealth Strategies LLC acquired a new stake in shares of FedEx during the fourth quarter worth about $324,000. Steward Partners Investment Advisory LLC grew its stake in FedEx by 42.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,865 shares of the shipping service provider’s stock worth $3,254,000 after buying an additional 3,861 shares during the last quarter. TD Asset Management Inc increased its position in FedEx by 6.7% during the fourth quarter. TD Asset Management Inc now owns 85,373 shares of the shipping service provider’s stock worth $21,597,000 after buying an additional 5,350 shares during the period. Stifel Financial Corp lifted its stake in FedEx by 1.7% in the fourth quarter. Stifel Financial Corp now owns 333,777 shares of the shipping service provider’s stock valued at $84,452,000 after buying an additional 5,689 shares during the last quarter. Finally, Focus Financial Network Inc. ADV acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $2,140,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.