FedEx Co. (FDX) To Go Ex-Dividend on December 6th

FedEx Co. (NYSE:FDX) declared a quarterly dividend on Friday, November 15th, RTT News reports. Shareholders of record on Monday, December 9th will be paid a dividend of 0.65 per share by the shipping service provider on Thursday, January 2nd. This represents a $2.60 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Friday, December 6th.

FedEx stock opened at $151.14 on Wednesday. FedEx has a twelve month low of $137.78 and a twelve month high of $227.55. The company has a quick ratio of 1.25, a current ratio of 1.31 and a debt-to-equity ratio of 1.70. The stock’s 50 day moving average is $156.96 and its 200 day moving average is $159.08. The company has a market capitalization of $41.76 billion, a P/E ratio of 9.74, a PEG ratio of 1.10 and a beta of 1.71.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, September 17th. The shipping service provider reported $3.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.17 by ($0.12). The company had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $17.05 billion. FedEx had a return on equity of 21.15% and a net margin of 0.65%. FedEx’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.46 EPS. As a group, equities analysts expect that FedEx will post 12.11 EPS for the current year.

A number of equities analysts have weighed in on the company. BMO Capital Markets lowered FedEx from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $190.00 to $165.00 in a research report on Wednesday, September 18th. Berenberg Bank set a $155.00 target price on FedEx and gave the stock a “hold” rating in a research report on Friday, October 11th. Credit Suisse Group cut their price target on FedEx from $175.00 to $168.00 and set an “outperform” rating for the company in a research note on Wednesday, September 18th. ValuEngine lowered shares of FedEx from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, Cowen reduced their price target on shares of FedEx from $206.00 to $190.00 and set an “outperform” rating for the company in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $170.40.

In other news, Director R Brad Martin bought 1,000 shares of FedEx stock in a transaction dated Friday, September 27th. The shares were purchased at an average cost of $145.00 per share, with a total value of $145,000.00. Following the completion of the acquisition, the director now owns 49,046 shares of the company’s stock, valued at approximately $7,111,670. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John A. Edwardson bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was purchased at an average price of $151.75 per share, for a total transaction of $758,750.00. Following the completion of the transaction, the director now directly owns 62,966 shares of the company’s stock, valued at approximately $9,555,090.50. The disclosure for this purchase can be found here. 8.44% of the stock is owned by insiders.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Dividend History for FedEx (NYSE:FDX)

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