FedEx (NYSE:FDX) Trading Down 1.3%

FedEx Co. (NYSE:FDX) traded down 1.3% during trading on Tuesday . The company traded as low as $269.20 and last traded at $270.01. 529,519 shares traded hands during trading, a decline of 72% from the average session volume of 1,879,957 shares. The stock had previously closed at $273.68.

Analyst Ratings Changes

FDX has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on shares of FedEx from $275.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 26th. JPMorgan Chase & Co. lowered their target price on FedEx from $359.00 to $350.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus dropped their price objective on FedEx from $327.00 to $321.00 and set a “buy” rating for the company in a research note on Friday, September 20th. Finally, Raymond James lowered their price target on shares of FedEx from $335.00 to $330.00 and set a “buy” rating for the company in a report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $314.74.

FedEx Trading Down 1.4 %

The stock has a market cap of $66.43 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 1.04 and a beta of 1.17. The firm has a 50-day moving average price of $287.38 and a 200-day moving average price of $275.80. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28.

FedEx (NYSE:FDX) last issued 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). FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $21.87 billion. During the same period last year, the firm posted $4.55 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities analysts anticipate that FedEx Co. will post 19.66 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be paid a dividend of $1.38 per share. The ex-dividend date is Monday, September 9th. This represents a $5.52 annualized dividend and a yield of 2.04%. FedEx’s dividend payout ratio is 32.04%.

Insider Transactions at FedEx

In other news, EVP Brie Carere sold 1,958 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $310.43, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Guy M. Erwin II sold 116 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $299.24, for a total transaction of $34,711.84. Following the completion of the sale, the chief accounting officer now owns 930 shares of the company’s stock, valued at approximately $278,293.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brie Carere sold 1,958 shares of the company’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $310.43, for a total value of $607,821.94. Following the completion of 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 sold 13,030 shares of company stock worth $4,013,050 over the last quarter. 8.73% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FedEx

A number of hedge funds have recently made changes to their positions in the business. Crossmark Global Holdings Inc. grew its holdings in shares of FedEx by 20.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 29,246 shares of the shipping service provider’s stock valued at $7,398,000 after purchasing an additional 5,055 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of FedEx during the first quarter valued at approximately $1,667,000. Allegheny Financial Group LTD bought a new stake in shares of FedEx during the 1st quarter worth approximately $203,000. Hilltop National Bank purchased a new position in FedEx during the 1st quarter valued at $476,000. Finally, Csenge Advisory Group boosted its stake in shares of FedEx by 14.9% during the first quarter. Csenge Advisory Group now owns 2,297 shares of the shipping service provider’s stock valued at $666,000 after purchasing an additional 298 shares during the period. Institutional investors own 84.47% of the company’s stock.

About FedEx

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.