FedEx Co. (NYSE:FDX) Short Interest Update

FedEx Co. (NYSE:FDX - Get Free Report) saw a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 3,290,000 shares, a decrease of 7.8% from the January 15th total of 3,570,000 shares. Based on an average trading volume of 1,800,000 shares, the short-interest ratio is presently 1.8 days. Approximately 1.5% of the shares of the stock are sold short.

FedEx Trading Down 5.4 %

FDX stock traded down $14.49 during trading on Friday, hitting $253.97. The company had a trading volume of 4,328,819 shares, compared to its average volume of 1,697,656. 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 firm has a 50-day moving average price of $271.34 and a 200-day moving average price of $278.38. FedEx has a 12 month low of $239.07 and a 12 month high of $313.84. The stock has a market cap of $61.17 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.10 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 EPS for the quarter, beating the consensus estimate of $3.88 by $0.17. The company had revenue of $22 billion during the quarter, compared to analysts' expectations of $22.14 billion. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.99 EPS. As a group, analysts predict that FedEx will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Monday, March 10th. FedEx's payout ratio is presently 35.18%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Sanford C. Bernstein lowered FedEx from an "outperform" rating to a "market perform" rating and cut their target price for the company from $337.00 to $316.00 in a report on Tuesday, December 3rd. Bank of America lifted their price objective on FedEx from $325.00 to $348.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Raymond James lifted their price objective on FedEx from $305.00 to $320.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Barclays lifted their price objective on FedEx from $350.00 to $365.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. Finally, JPMorgan Chase & Co. lifted their price objective on FedEx from $370.00 to $372.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $321.87.

Insider Activity

In other news, Director Susan C. Schwab sold 3,980 shares of the firm's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the sale, the director now owns 8,904 shares of the company's stock, valued at $2,461,510.80. This trade represents a 30.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Amy B. Lane acquired 333 shares of FedEx stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the transaction, the director now owns 333 shares of the company's stock, 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.

Hedge Funds Weigh In On FedEx

A number of large investors have recently modified their holdings of FDX. Fortitude Family Office LLC raised its position in shares of FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock valued at $25,000 after buying an additional 52 shares in the last quarter. Transce3nd LLC acquired a new position in shares of FedEx during the fourth quarter valued at about $26,000. Evermay Wealth Management LLC grew its position in shares of FedEx by 72.7% during the 3rd quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider's stock valued at $26,000 after acquiring an additional 40 shares during the period. Peoples Financial Services CORP. purchased a new stake in shares of FedEx during the 4th quarter valued at approximately $28,000. Finally, City Holding Co. purchased a new stake in FedEx in the 4th quarter worth approximately $28,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

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.