FedEx Co. (NYSE:FDX) Plans Quarterly Dividend of $1.38

FedEx Co. (NYSE:FDX - Get Free Report) announced a quarterly dividend on Friday, February 14th,RTT News reports. Investors of record on Monday, March 10th will be paid a dividend of 1.38 per share by the shipping service provider on Tuesday, April 1st. This represents a $5.52 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Monday, March 10th.

FedEx has increased its dividend payment by an average of 23.0% per year over the last three years. FedEx has a dividend payout ratio of 22.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FedEx to earn $21.65 per share next year, which means the company should continue to be able to cover its $5.52 annual dividend with an expected future payout ratio of 25.5%.

FedEx Stock Down 0.2 %

FedEx stock traded down $0.42 during trading hours on Tuesday, hitting $267.35. The stock had a trading volume of 927,497 shares, compared to its average volume of 1,668,628. The stock's 50-day moving average price is $272.17 and its 200-day moving average price is $278.71. FedEx has a 12-month low of $235.32 and a 12-month high of $313.84. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $64.39 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 1.07 and a beta of 1.18.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping analysts' consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. During the same quarter in the previous year, the firm earned $3.99 EPS. FedEx's revenue was down .7% on a year-over-year basis. Equities research analysts anticipate that FedEx will post 19.14 EPS for the current fiscal year.

Insider Transactions at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the business's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares in the company, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy B. Lane acquired 333 shares of the firm's stock in a transaction dated Thursday, December 26th. The stock was bought at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now owns 333 shares in the company, valued at approximately $91,927.98. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 8.87% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FDX. Sanford C. Bernstein downgraded shares of FedEx from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. UBS Group boosted their price objective on shares of FedEx from $311.00 to $350.00 and gave the company a "buy" rating in a research report on Friday, December 20th. TD Cowen upped their target price on FedEx from $328.00 to $337.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Raymond James boosted their price objective on FedEx from $305.00 to $320.00 and gave the company an "outperform" rating in a report on Friday, December 20th. Finally, BNP Paribas raised FedEx from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $321.87.

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.