FedEx Co. (NYSE:FDX) Given Average Rating of “Moderate Buy” by Analysts

FedEx Co. (NYSE:FDX) has been assigned an average recommendation of “Moderate Buy” from the twenty-five analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $314.00.

FDX has been the subject of a number of research reports. Robert W. Baird increased their price target on shares of FedEx from $325.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. Oppenheimer restated a “market perform” rating on shares of FedEx in a research note on Wednesday, June 26th. The Goldman Sachs Group raised their price objective on FedEx from $316.00 to $333.00 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. UBS Group lowered their price objective on FedEx from $340.00 to $333.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Finally, Wells Fargo & Company raised their target price on FedEx from $275.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 26th.

FedEx Trading Up 0.5 %

FedEx stock opened at $300.68 on Wednesday. The business’s 50-day simple moving average is $274.92 and its 200-day simple moving average is $263.23. FedEx has a 52 week low of $224.69 and a 52 week high of $313.84. The firm has a market capitalization of $73.46 billion, a PE ratio of 17.45, a PEG ratio of 1.08 and a beta of 1.18. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.32 and a current ratio of 1.36.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 EPS for the quarter, topping analysts’ consensus estimates of $5.34 by $0.07. The company had revenue of $22.11 billion during the quarter, compared to analyst estimates of $22.04 billion. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $4.94 earnings per share. Equities research analysts forecast that FedEx will post 20.94 earnings per share for the current year.

FedEx Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 9th. Investors of record on Monday, June 24th were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.84%. This is a positive change from FedEx’s previous quarterly dividend of $1.26. The ex-dividend date was Monday, June 24th. FedEx’s dividend payout ratio (DPR) is presently 32.04%.

Insider Transactions at FedEx

In other FedEx news, EVP Brie Carere sold 1,958 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $310.43, for a total value of $607,821.94. Following the transaction, the executive vice president now directly owns 19,937 shares of the company’s stock, valued at $6,189,042.91. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Paul S. Walsh sold 2,535 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $294.72, for a total transaction of $747,115.20. Following the completion of the transaction, the director now owns 14,745 shares in the company, valued at $4,345,646.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Brie Carere sold 1,958 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total transaction of $607,821.94. Following the completion of the sale, the executive vice president now owns 19,937 shares in the company, valued at $6,189,042.91. The disclosure for this sale can be found here. Insiders sold a total of 32,944 shares of company stock worth $9,882,355 in the last quarter. 8.73% of the stock is owned by company insiders.

Institutional Trading of FedEx

Several hedge funds have recently added to or reduced their stakes in the business. Advisor Resource Council acquired a new position in shares of FedEx in the 4th quarter valued at approximately $202,000. Raymond James & Associates increased its position in shares of FedEx by 2.2% during the fourth quarter. Raymond James & Associates now owns 524,082 shares of the shipping service provider’s stock worth $132,577,000 after acquiring an additional 11,191 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of FedEx during the fourth quarter worth $86,000. Pacer Advisors Inc. lifted its position in FedEx by 2.0% in the 4th quarter. Pacer Advisors Inc. now owns 15,982 shares of the shipping service provider’s stock valued at $4,043,000 after acquiring an additional 316 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC boosted its stake in FedEx by 56.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 2,846 shares of the shipping service provider’s stock worth $720,000 after purchasing an additional 1,022 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

About FedEx

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.