FedEx Co. (NYSE:FDX) EVP Robert B. Carter sold 3,970 shares of FedEx stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $250.73, for a total transaction of $995,398.10. Following the sale, the executive vice president now directly owns 187,025 shares in the company, valued at approximately $46,892,778.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
FedEx Co. (NYSE:FDX) traded down $0.90 during midday trading on Thursday, reaching $250.17. 3,246,050 shares of the company’s stock traded hands, compared to its average volume of 1,508,108. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.91. FedEx Co. has a one year low of $182.89 and a one year high of $255.11. The firm has a market capitalization of $65,036.54, a P/E ratio of 19.74, a PEG ratio of 1.53 and a beta of 1.36.
FedEx (NYSE:FDX) last released its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.29. FedEx had a net margin of 4.74% and a return on equity of 20.91%. The company had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $15.67 billion. During the same quarter in the prior year, the firm posted $2.80 earnings per share. FedEx’s revenue for the quarter was up 9.4% on a year-over-year basis. sell-side analysts anticipate that FedEx Co. will post 12.47 earnings per share for the current year.
Several large investors have recently made changes to their positions in FDX. FNY Managed Accounts LLC purchased a new position in FedEx during the first quarter worth about $100,000. Salem Investment Counselors Inc. raised its holdings in FedEx by 2.8% during the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after purchasing an additional 13 shares in the last quarter. Krilogy Financial LLC increased its holdings in FedEx by 0.4% in the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock valued at $111,000 after buying an additional 2 shares in the last quarter. Alexandria Capital LLC increased its holdings in FedEx by 2.5% in the second quarter. Alexandria Capital LLC now owns 540 shares of the shipping service provider’s stock valued at $117,000 after buying an additional 13 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. purchased a new position in FedEx in the third quarter valued at about $132,000. 75.60% of the stock is owned by institutional investors and hedge funds.
FDX has been the topic of several analyst reports. Citigroup reaffirmed a “buy” rating and set a $235.00 price target on shares of FedEx in a research report on Thursday, September 14th. Robert W. Baird reaffirmed a “buy” rating and set a $235.00 price target on shares of FedEx in a research report on Tuesday, September 12th. Cowen reissued a “buy” rating and issued a $240.00 target price on shares of FedEx in a research report on Tuesday, September 12th. BMO Capital Markets reissued a “buy” rating and issued a $245.00 target price on shares of FedEx in a research report on Wednesday, September 6th. Finally, Loop Capital reissued a “buy” rating and issued a $260.00 target price (up previously from $250.00) on shares of FedEx in a research report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-four have assigned a buy rating to the stock. FedEx presently has a consensus rating of “Buy” and a consensus price target of $248.94.
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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.
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