FedEx Co. (NYSE:FDX – Get Rating) EVP Jill Brannon sold 5,620 shares of the firm’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $237.00, for a total value of $1,331,940.00. Following the transaction, the executive vice president now owns 8,113 shares in the company, valued at approximately $1,922,781. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
FedEx Price Performance
Shares of FDX stock opened at $234.89 on Friday. FedEx Co. has a 12-month low of $192.82 and a 12-month high of $282.88. The firm has a market capitalization of $61.04 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 0.85 and a beta of 1.19. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 0.81. The firm has a fifty day moving average of $226.31 and a 200-day moving average of $221.90.
FedEx (NYSE:FDX – Get Rating) last announced its quarterly earnings results on Thursday, June 23rd. The shipping service provider reported $6.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.91 by ($0.04). FedEx had a net margin of 4.09% and a return on equity of 22.29%. The firm had revenue of $24.39 billion during the quarter, compared to analyst estimates of $24.28 billion. During the same period last year, the firm earned $5.01 EPS. On average, equities research analysts forecast that FedEx Co. will post 23.16 earnings per share for the current year.
FedEx Increases Dividend
Institutional Investors Weigh In On FedEx
Several institutional investors have recently added to or reduced their stakes in FDX. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in FedEx during the 4th quarter worth about $26,000. Activest Wealth Management lifted its position in FedEx by 121.6% during the 2nd quarter. Activest Wealth Management now owns 113 shares of the shipping service provider’s stock worth $26,000 after buying an additional 62 shares in the last quarter. Holloway Wealth Management LLC bought a new stake in FedEx during the 1st quarter worth about $29,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in FedEx during the 4th quarter worth about $33,000. Finally, American National Bank lifted its position in FedEx by 206.7% during the 2nd quarter. American National Bank now owns 138 shares of the shipping service provider’s stock worth $31,000 after buying an additional 93 shares in the last quarter. 79.92% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several brokerages have weighed in on FDX. Loop Capital lifted their target price on FedEx from $328.00 to $339.00 and gave the company a “buy” rating in a research note on Monday, June 27th. Barclays set a $320.00 price target on FedEx in a report on Friday, June 24th. Bank of America boosted their price target on FedEx from $276.00 to $287.00 in a report on Thursday, June 30th. KeyCorp upped their target price on FedEx from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, June 30th. Finally, BMO Capital Markets boosted their price target on FedEx from $270.00 to $280.00 and gave the company a “hold” rating in a research report on Thursday, June 30th. Four investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and a consensus target price of $297.50.
FedEx Company Profile
FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions.
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