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 on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the sale, the chief operating officer now directly owns 23,347 shares of the company’s stock, valued at approximately $5,686,161.85. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

FedEx Trading Up 0.2 %

Shares of FDX opened at $244.26 on Friday. FedEx Co. has a 1-year low of $217.22 and a 1-year high of $313.84. The company has a market capitalization of $58.83 billion, a P/E ratio of 15.57, a P/E/G ratio of 1.11 and a beta of 1.23. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The firm’s 50 day simple moving average is $257.26 and its 200 day simple moving average is $271.36.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the prior year, the firm posted $3.86 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis. Sell-side analysts forecast that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be given a $1.38 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.26%. FedEx’s payout ratio is 34.63%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Bank of America decreased their price objective on shares of FedEx from $295.00 to $272.00 and set a “buy” rating for the company in a report on Friday, March 21st. UBS Group decreased their price target on shares of FedEx from $350.00 to $331.00 and set a “buy” rating for the company in a research note on Friday, March 21st. Citigroup lowered their price target on shares of FedEx from $347.00 to $317.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Jefferies Financial Group raised FedEx from a “hold” rating to a “buy” rating and decreased their target price for the stock from $300.00 to $275.00 in a research report on Monday. Finally, Sanford C. Bernstein cut FedEx from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Two research analysts have rated the stock with a sell rating, nine have given 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, the company presently has an average rating of “Moderate Buy” and an average target price of $302.71.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Regal Investment Advisors LLC raised its position in FedEx by 2.4% in the 4th quarter. Regal Investment Advisors LLC now owns 1,604 shares of the shipping service provider’s stock worth $451,000 after purchasing an additional 38 shares during the period. Cetera Trust Company N.A lifted its stake in shares of FedEx by 0.5% in the 4th quarter. Cetera Trust Company N.A now owns 7,925 shares of the shipping service provider’s stock valued at $2,230,000 after acquiring an additional 40 shares during the last quarter. Griffin Asset Management Inc. boosted its holdings in FedEx by 0.4% during the 4th quarter. Griffin Asset Management Inc. now owns 10,365 shares of the shipping service provider’s stock valued at $2,916,000 after acquiring an additional 40 shares during the period. Aviso Financial Inc. grew its position in FedEx by 1.2% during the 4th quarter. Aviso Financial Inc. now owns 3,400 shares of the shipping service provider’s stock worth $957,000 after acquiring an additional 40 shares during the last quarter. Finally, Garner Asset Management Corp lifted its position in FedEx by 0.7% in the fourth quarter. Garner Asset Management Corp now owns 5,897 shares of the shipping service provider’s stock valued at $1,659,000 after purchasing an additional 41 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

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.