FedEx Co. (NYSE:FDX) COO Sells $1,499,050.25 in Stock

FedEx Co. (NYSE:FDX - Get Free Report) COO John Alan Smith sold 6,155 shares of the stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the completion of the sale, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at $5,686,161.85. The trade was a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

FedEx Price Performance

Shares of FDX stock traded up $0.50 during trading on Monday, hitting $242.21. The company had a trading volume of 574,033 shares, compared to its average volume of 1,739,855. FedEx Co. has a 52 week low of $217.22 and a 52 week high of $313.84. The stock has a market capitalization of $58.03 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. 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's 50-day moving average is $256.59 and its two-hundred day moving average is $270.89.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22.16 billion for the quarter, compared to analysts' expectations of $21.96 billion. During the same quarter last year, the business posted $3.86 EPS. The business's quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts predict that FedEx Co. will post 19.14 EPS for the current fiscal year.

Remove Ads

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, March 10th. FedEx's payout ratio is currently 34.63%.

Analysts Set New Price Targets

FDX has been the subject of several recent analyst reports. Bank of America reduced their target price on FedEx from $295.00 to $272.00 and set a "buy" rating for the company in a report on Friday, March 21st. Jefferies Financial Group upgraded shares of FedEx from a "hold" rating to a "buy" rating and reduced their price target for the company from $300.00 to $275.00 in a research report on Monday, March 24th. Barclays lowered their price objective on shares of FedEx from $365.00 to $350.00 and set an "overweight" rating on the stock in a research report on Friday, March 21st. StockNews.com raised shares of FedEx from a "hold" rating to a "buy" rating in a research report on Friday, December 20th. Finally, Loop Capital cut shares of FedEx from a "hold" rating to a "sell" rating and lowered their price target for the stock from $283.00 to $221.00 in a report on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $302.71.

Hedge Funds Weigh In On FedEx

A number of large investors have recently modified their holdings of FDX. Vanguard Group Inc. raised its stake in shares of FedEx by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock worth $5,682,727,000 after acquiring an additional 56,236 shares in the last quarter. Dodge & Cox lifted its stake in shares of FedEx by 5.6% in the 4th quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock valued at $3,907,568,000 after acquiring an additional 734,268 shares during the last quarter. Geode Capital Management LLC boosted its holdings in FedEx by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock valued at $1,350,686,000 after acquiring an additional 109,006 shares during the period. Franklin Resources Inc. grew its position in FedEx by 8.1% during the 4th quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock worth $1,209,338,000 after acquiring an additional 323,115 shares during the last quarter. Finally, Invesco Ltd. increased its stake in FedEx by 4.1% in the 4th quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock worth $906,165,000 after purchasing an additional 127,044 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

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.