FedEx Co. (NYSE:FDX) COO John Alan Smith Sells 6,155 Shares

FedEx Co. (NYSE:FDX) COO John Alan Smith sold 6,155 shares of the firm’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the transaction, the chief operating officer now directly owns 23,347 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FedEx Price Performance

Shares of FDX traded up $0.59 during mid-day trading on Thursday, reaching $244.26. 1,674,198 shares of the stock traded hands, compared to its average volume of 1,679,806. The company has a market cap of $58.83 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.11 and a beta of 1.23. FedEx Co. has a 1 year low of $217.22 and a 1 year high of $313.84. The firm has a fifty day moving average price of $257.26 and a 200 day moving average price of $271.36. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business had revenue of $22.16 billion for the quarter, compared to analysts’ expectations of $21.96 billion. During the same quarter in the previous year, the firm earned $3.86 earnings per share. FedEx’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts predict that FedEx Co. 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. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.26%. FedEx’s payout ratio is presently 34.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Oppenheimer reissued a “market perform” rating on shares of FedEx in a research report on Friday, March 21st. Bank of America dropped their price target on FedEx from $295.00 to $272.00 and set a “buy” rating on the stock in a report on Friday, March 21st. UBS Group reduced their price objective on FedEx from $350.00 to $331.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Cfra Research upgraded FedEx to a “hold” rating in a research note on Thursday, March 20th. Finally, Raymond James reduced their price target on shares of FedEx from $320.00 to $290.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average price target of $300.60.

Hedge Funds Weigh In On FedEx

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mascagni Wealth Management Inc. purchased a new position in FedEx in the fourth quarter worth $70,000. 111 Capital purchased a new position in shares of FedEx in the 4th quarter worth about $508,000. Wealth Enhancement Advisory Services LLC increased its position in shares of FedEx by 69.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 76,477 shares of the shipping service provider’s stock valued at $21,515,000 after purchasing an additional 31,376 shares during the last quarter. NorthCrest Asset Manangement LLC raised its holdings in shares of FedEx by 2.6% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 19,524 shares of the shipping service provider’s stock valued at $5,493,000 after buying an additional 491 shares in the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of FedEx during the 4th quarter valued at about $44,690,000. Hedge funds and other institutional investors 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.