Insider Buying: FedEx Co. (FDX) Director Purchases 80 Shares of Stock

FedEx Co. (NYSE:FDX) Director Susan C. Schwab purchased 80 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average price of $247.96 per share, for a total transaction of $19,836.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Shares of FedEx Co. (NYSE:FDX) opened at $239.27 on Friday. FedEx Co. has a fifty-two week low of $182.89 and a fifty-two week high of $274.66. The stock has a market cap of $67,280.47, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.47 and a beta of 1.30. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.57 and a quick ratio of 1.50.

FedEx (NYSE:FDX) last announced its quarterly earnings results 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 20.56%. The company had revenue of $16.30 billion for 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 company’s revenue for the quarter was up 9.4% compared to the same quarter last year. equities research analysts expect that FedEx Co. will post 13.38 EPS for the current fiscal year.

A number of brokerages have recently issued reports on FDX. Bank of America reiterated a “buy” rating and set a $315.00 price target on shares of FedEx in a research note on Friday, January 12th. Wells Fargo & Co set a $275.00 price target on shares of FedEx and gave the stock a “buy” rating in a research note on Wednesday, December 20th. Cowen reiterated an “outperform” rating and set a $240.00 price target on shares of FedEx in a research note on Friday, October 13th. Oppenheimer reiterated a “buy” rating and set a $265.00 price target (up from $236.00) on shares of FedEx in a research note on Wednesday, December 20th. Finally, Zacks Investment Research upgraded shares of FedEx from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $273.12.

Several hedge funds and other institutional investors have recently made changes to their positions in FDX. Beach Investment Management LLC. purchased a new stake in shares of FedEx in the second quarter valued at about $11,976,000. NBT Bank N A NY lifted its holdings in shares of FedEx by 5.2% in the second quarter. NBT Bank N A NY now owns 1,785 shares of the shipping service provider’s stock valued at $387,000 after purchasing an additional 88 shares in the last quarter. Commerce Bank lifted its holdings in shares of FedEx by 4.1% in the second quarter. Commerce Bank now owns 24,720 shares of the shipping service provider’s stock valued at $5,372,000 after purchasing an additional 963 shares in the last quarter. Covington Investment Advisors Inc. lifted its holdings in shares of FedEx by 0.5% in the second quarter. Covington Investment Advisors Inc. now owns 20,657 shares of the shipping service provider’s stock valued at $4,489,000 after purchasing an additional 100 shares in the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in shares of FedEx in the second quarter valued at about $2,388,000. 76.23% of the stock is currently owned by 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.

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

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