Susan C. Schwab Sells 3,980 Shares of FedEx Co. (NYSE:FDX) Stock

FedEx Co. (NYSE:FDX - Get Free Report) 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 transaction of $1,100,271.00. Following the sale, the director now directly owns 8,904 shares of the company's stock, valued at approximately $2,461,510.80. This represents a 30.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

FedEx Price Performance

FDX stock traded up $3.04 on Tuesday, hitting $277.63. 1,360,869 shares of the company's stock traded hands, compared to its average volume of 1,474,956. FedEx Co. has a 1-year low of $234.45 and a 1-year high of $313.84. The stock has a market cap of $66.87 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 1.18 and a beta of 1.20. The stock has a fifty day moving average of $283.85 and a 200-day moving average of $284.46. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX - Get Free Report) last released 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 business had revenue of $22 billion during the quarter, compared to analyst estimates of $22.14 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $3.99 earnings per share. On average, analysts forecast that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Monday, December 9th. FedEx's dividend payout ratio is 35.18%.

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent research reports. Robert W. Baird lowered their price objective on shares of FedEx from $340.00 to $320.00 and set an "outperform" rating for the company in a research report on Friday, September 20th. Loop Capital raised shares of FedEx from a "hold" rating to a "buy" rating and boosted their price objective for the company from $288.00 to $365.00 in a research report on Friday, December 20th. Susquehanna lowered their price objective on shares of FedEx from $345.00 to $330.00 and set a "positive" rating for the company in a research report on Friday, September 20th. Wells Fargo & Company boosted their price objective on shares of FedEx from $305.00 to $320.00 and gave the company an "equal weight" rating in a research report on Friday, December 20th. Finally, Evercore ISI decreased their target price on shares of FedEx from $335.00 to $318.00 and set an "outperform" rating for the company in a research report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, FedEx presently has a consensus rating of "Moderate Buy" and a consensus price target of $325.61.

Hedge Funds Weigh In On FedEx

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its stake in FedEx by 144.4% in the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider's stock worth $25,000 after purchasing an additional 52 shares during the period. Evermay Wealth Management LLC raised its holdings 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 purchasing an additional 40 shares in the last quarter. Peoples Financial Services CORP. bought a new position in shares of FedEx during the 4th quarter valued at $28,000. FNY Investment Advisers LLC raised its holdings in shares of FedEx by 177.5% during the 4th quarter. FNY Investment Advisers LLC now owns 111 shares of the shipping service provider's stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Finally, Highline Wealth Partners LLC bought a new position in shares of FedEx during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 84.47% of the company's stock.

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.

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