Susan C. Schwab Sells 3,980 Shares of FedEx Co. (NYSE:FDX) Stock

FedEx Co. (NYSE:FDX) Director Susan C. Schwab sold 3,980 shares of the firm’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the completion of the transaction, the director now directly owns 8,904 shares of the company’s stock, valued at approximately $2,461,510.80. The trade was a 30.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

FedEx Price Performance

FDX stock opened at $277.23 on Friday. The business has a 50 day simple moving average of $283.82 and a 200-day simple moving average of $284.25. The company has a market capitalization of $66.77 billion, a P/E ratio of 17.67, a PEG ratio of 1.12 and a beta of 1.20. FedEx Co. has a twelve month low of $234.45 and a twelve month high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. During the same period in the previous year, the business posted $3.99 earnings per share. FedEx’s quarterly revenue was down .7% on a year-over-year basis. As a group, equities analysts anticipate that FedEx Co. will post 19.2 EPS for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were given a dividend of $1.38 per share. The ex-dividend date was Monday, December 9th. This represents a $5.52 dividend on an annualized basis and a yield of 1.99%. FedEx’s payout ratio is 35.18%.

Wall Street Analyst Weigh In

FDX has been the subject of several research reports. BMO Capital Markets boosted their price target on shares of FedEx from $300.00 to $330.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. boosted their target price on FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Stephens reduced their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company boosted their price objective on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Finally, Bernstein Bank lifted their price target on shares of FedEx from $305.00 to $337.00 and gave the stock an “overweight” rating in a research note on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $325.61.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FDX. Virtu Financial LLC purchased a new position in FedEx in the 3rd quarter valued at $3,405,000. Czech National Bank lifted its stake in shares of FedEx by 6.4% in the 3rd quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after acquiring an additional 2,767 shares during the period. Wedmont Private Capital increased its stake in shares of FedEx by 4.1% during the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock worth $631,000 after acquiring an additional 91 shares during the period. Persium Advisors LLC acquired a new position in shares of FedEx during the fourth quarter worth about $530,000. Finally, Magnolia Capital Advisors LLC acquired a new stake in FedEx in the second quarter valued at about $9,226,000. 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.