FedEx (NYSE:FDX) EVP Gina Adams Sells 3,014 Shares of Stock

FedEx Corporation (NYSE:FDX) EVP Gina Adams sold 3,014 shares of FedEx stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $317.06, for a total transaction of $955,618.84. Following the sale, the executive vice president owned 9,656 shares in the company, valued at approximately $3,061,531.36. This represents a 23.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FedEx Trading Down 0.1%

FDX opened at $318.03 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.33 and a quick ratio of 1.29. FedEx Corporation has a fifty-two week low of $200.20 and a fifty-two week high of $345.36. The company’s 50 day moving average price is $303.85 and its two-hundred day moving average price is $337.21. The firm has a market capitalization of $74.48 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.28 and a beta of 1.27.

FedEx (NYSE:FDX) last released its quarterly earnings results on Wednesday, October 28th. The shipping service provider reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.40. The firm had revenue of $22.93 billion during the quarter, compared to the consensus estimate of $22.73 billion. FedEx had a net margin of 4.09% and a return on equity of 15.53%. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $3.83 earnings per share. As a group, research analysts predict that FedEx Corporation will post 18.29 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Monday, September 14th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Monday, September 14th. FedEx’s dividend payout ratio (DPR) is currently 30.01%.

Institutional Investors Weigh In On FedEx

Large investors have recently modified their holdings of the company. BCS Wealth Management grew its stake in FedEx by 5.3% in the 3rd quarter. BCS Wealth Management now owns 995 shares of the shipping service provider’s stock valued at $284,000 after buying an additional 50 shares in the last quarter. Elite Wealth Management Inc. raised its holdings in FedEx by 262.8% during the 3rd quarter. Elite Wealth Management Inc. now owns 17,542 shares of the shipping service provider’s stock valued at $5,001,000 after acquiring an additional 12,707 shares during the period. Candriam S.C.A. lifted its position in shares of FedEx by 28.2% during the third quarter. Candriam S.C.A. now owns 40,096 shares of the shipping service provider’s stock worth $11,473,000 after acquiring an additional 8,811 shares in the last quarter. Ethic Inc. lifted its position in shares of FedEx by 4.8% during the third quarter. Ethic Inc. now owns 21,001 shares of the shipping service provider’s stock worth $5,987,000 after acquiring an additional 957 shares in the last quarter. Finally, StoneX Group Inc. lifted its position in shares of FedEx by 46.9% during the third quarter. StoneX Group Inc. now owns 2,305 shares of the shipping service provider’s stock worth $686,000 after acquiring an additional 736 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FDX has been the topic of a number of analyst reports. UBS Group reiterated a “hold” rating on shares of FedEx in a research report on Friday. Wall Street Zen raised FedEx to a “hold” rating in a research note on Saturday, August 8th. Citizens Jmp assumed coverage on FedEx in a research report on Wednesday, July 15th. They set a “market outperform” rating and a $375.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on FedEx from $399.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Finally, BNP Paribas Exane lifted their price objective on FedEx from $269.80 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average target price of $359.16.

About FedEx

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.