Insider Selling: FedEx Co. (FDX) Director Sells 3,016 Shares of Stock

FedEx Co. (NYSE:FDX) Director David P. Steiner sold 3,016 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $266.05, for a total transaction of $802,406.80. Following the completion of the sale, the director now directly owns 16,040 shares of the company’s stock, valued at approximately $4,267,442. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of FedEx Co. (FDX) opened at $271.19 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.50 and a debt-to-equity ratio of 0.89. FedEx Co. has a 12-month low of $182.89 and a 12-month high of $271.39. The stock has a market cap of $72,650.00, a price-to-earnings ratio of 24.93, a PEG ratio of 1.60 and a beta of 1.36.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, December 19th. The shipping service provider reported $3.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.89 by $0.29. FedEx had a net margin of 4.74% and a return on equity of 20.56%. 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 earned $2.80 earnings per share. The firm’s revenue was up 9.4% compared to the same quarter last year. research analysts expect that FedEx Co. will post 13.03 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, December 8th. FedEx’s dividend payout ratio is 18.38%.

Several equities research analysts have commented on FDX shares. Stephens set a $306.00 target price on shares of FedEx and gave the company a “buy” rating in a research note on Wednesday, December 20th. JPMorgan Chase & Co. upped their target price on shares of FedEx from $237.00 to $264.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Goldman Sachs Group started coverage on shares of FedEx in a research note on Monday, November 13th. They issued a “buy” rating and a $270.00 target price for the company. Barclays reaffirmed an “overweight” rating and issued a $270.00 target price (up previously from $230.00) on shares of FedEx in a research note on Thursday, November 30th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of FedEx from a “sell” rating to a “hold” rating in a research note on Tuesday, December 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. FedEx has a consensus rating of “Buy” and a consensus price target of $269.95.

Hedge funds have recently modified their holdings of the company. Salem Investment Counselors Inc. grew its position in FedEx by 2.8% in the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock valued at $104,000 after purchasing an additional 13 shares in the last quarter. Krilogy Financial LLC grew its position 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 purchasing an additional 2 shares in the last quarter. Financial Engines Advisors L.L.C. bought a new position in FedEx in the third quarter valued at $132,000. Massey Quick Simon & CO. LLC bought a new position in FedEx in the third quarter valued at $136,000. Finally, Carroll Financial Associates Inc. grew its position in FedEx by 61.1% in the third quarter. Carroll Financial Associates Inc. now owns 633 shares of the shipping service provider’s stock valued at $140,000 after purchasing an additional 240 shares in the last quarter. 75.66% of the stock is owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for FedEx (NYSE:FDX)

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