Investors Sell FedEx (FDX) on Strength (FDX)

Investors sold shares of FedEx Co. (NYSE:FDX) on strength during trading on Friday. $55.57 million flowed into the stock on the tick-up and $95.98 million flowed out of the stock on the tick-down, for a money net flow of $40.41 million out of the stock. Of all companies tracked, FedEx had the 0th highest net out-flow for the day. FedEx traded up $1.22 for the day and closed at $249.54

Several brokerages recently weighed in on FDX. Zacks Investment Research raised shares of FedEx from a “hold” rating to a “buy” rating and set a $272.00 price target for the company in a research report on Thursday, December 21st. Stephens set a $306.00 price target on shares of FedEx and gave the company a “buy” rating in a research report on Wednesday, December 20th. Argus raised their price target on shares of FedEx from $245.00 to $290.00 and gave the company a “buy” rating in a research report on Tuesday, December 26th. BMO Capital Markets raised their price target on shares of FedEx from $265.00 to $270.00 and gave the company an “outperform” rating in a research report on Wednesday, December 20th. Finally, Wells Fargo & Co set a $275.00 price target on shares of FedEx and gave the company a “buy” rating in a research report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $259.58.

The company has a quick ratio of 1.50, a current ratio of 1.57 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $66,849.27, a PE ratio of 20.30, a P/E/G ratio of 1.51 and a beta of 1.36.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, December 19th. The shipping service provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.29. FedEx had a net margin of 4.74% and a return on equity of 20.56%. The business had revenue of $16.30 billion during the quarter, compared to the consensus estimate of $15.67 billion. During the same quarter in the previous year, the firm posted $2.80 EPS. The firm’s revenue was up 9.4% on a year-over-year basis. research analysts predict that FedEx Co. will post 12.96 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Monday, December 11th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Friday, December 8th. FedEx’s dividend payout ratio (DPR) is presently 18.43%.

In other news, insider Henry J. Maier sold 11,150 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the completion of the sale, the insider now owns 36,747 shares of the company’s stock, valued at approximately $8,395,219.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert B. Carter sold 3,970 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $46,892,778.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,100 shares of company stock valued at $4,440,416. 8.45% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of FedEx by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 18,490,065 shares of the shipping service provider’s stock valued at $4,018,446,000 after acquiring an additional 492,840 shares during the period. FMR LLC grew its position in shares of FedEx by 0.3% during the 2nd quarter. FMR LLC now owns 4,530,154 shares of the shipping service provider’s stock valued at $984,539,000 after acquiring an additional 15,382 shares during the period. Ameriprise Financial Inc. grew its position in shares of FedEx by 7.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,925,763 shares of the shipping service provider’s stock valued at $885,594,000 after acquiring an additional 266,660 shares during the period. Capital World Investors grew its position in shares of FedEx by 16.1% during the 2nd quarter. Capital World Investors now owns 3,614,899 shares of the shipping service provider’s stock valued at $785,626,000 after acquiring an additional 501,617 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of FedEx by 3.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 3,612,357 shares of the shipping service provider’s stock valued at $814,875,000 after acquiring an additional 116,500 shares during the period. 75.60% of the stock is owned by hedge funds and other institutional investors.

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About FedEx

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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