Susan C. Schwab Sells 6,145 Shares of FedEx Co. (NYSE:FDX) Stock

FedEx Co. (NYSE:FDX) Director Susan C. Schwab sold 6,145 shares of FedEx stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $288.02, for a total transaction of $1,769,882.90. Following the sale, the director now owns 7,865 shares in the company, valued at approximately $2,265,277.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

FedEx Stock Performance

FedEx stock opened at $289.70 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.26 and a debt-to-equity ratio of 0.76. FedEx Co. has a 1 year low of $213.80 and a 1 year high of $291.27. The company has a market cap of $71.29 billion, a PE ratio of 16.71, a PEG ratio of 1.37 and a beta of 1.20. The company’s 50-day moving average is $249.64 and its two-hundred day moving average is $252.32.

FedEx (NYSE:FDX) last released its earnings results on Thursday, March 21st. The shipping service provider reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.37. The company had revenue of $21.70 billion for the quarter, compared to the consensus estimate of $21.95 billion. FedEx had a net margin of 5.02% and a return on equity of 16.60%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.41 EPS. Equities analysts anticipate that FedEx Co. will post 17.6 earnings per share for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Monday, March 11th will be given a $1.26 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $5.04 dividend on an annualized basis and a dividend yield of 1.74%. FedEx’s dividend payout ratio is 29.07%.

FedEx announced that its Board of Directors has authorized a share repurchase plan on Thursday, March 21st that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the shipping service provider to purchase up to 7.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Trading of FedEx

A number of hedge funds have recently modified their holdings of FDX. Sentry LLC acquired a new stake in shares of FedEx in the 4th quarter valued at approximately $1,811,748,000. Norges Bank bought a new stake in FedEx during the 4th quarter worth approximately $700,291,000. Mizuho Markets Americas LLC bought a new stake in FedEx during the 3rd quarter worth approximately $496,611,000. FMR LLC increased its stake in FedEx by 29.1% during the 3rd quarter. FMR LLC now owns 4,063,938 shares of the shipping service provider’s stock worth $1,076,619,000 after purchasing an additional 916,555 shares in the last quarter. Finally, Capital International Investors increased its stake in FedEx by 15.2% during the 4th quarter. Capital International Investors now owns 6,667,462 shares of the shipping service provider’s stock worth $1,686,738,000 after purchasing an additional 880,894 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on FDX. Robert W. Baird lifted their price target on shares of FedEx from $315.00 to $325.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Stephens reduced their target price on shares of FedEx from $330.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 20th. JPMorgan Chase & Co. reduced their target price on shares of FedEx from $322.00 to $305.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 20th. Oppenheimer restated a “market perform” rating on shares of FedEx in a research note on Friday, March 22nd. Finally, Morgan Stanley boosted their target price on shares of FedEx from $195.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus target price of $301.07.

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.