Insider Selling: FedEx Co. (NYSE:FDX) CEO Sells 2,576 Shares of Stock

FedEx Co. (NYSE:FDX) CEO Richard W. Smith sold 2,576 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $276.93, for a total transaction of $713,371.68. Following the completion of the sale, the chief executive officer now owns 111,886 shares in the company, valued at approximately $30,984,589.98. The trade was a 2.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

FedEx Stock Performance

FDX stock opened at $270.59 on Friday. The stock has a market capitalization of $65.17 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The company has a 50 day moving average price of $283.78 and a 200 day moving average price of $284.69. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.88 by $0.17. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter last year, the business earned $3.99 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Analysts forecast that FedEx Co. will post 19.59 EPS for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Monday, December 9th were issued a $1.38 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 2.04%. FedEx’s dividend payout ratio is currently 35.18%.

Analysts Set New Price Targets

Several research firms have issued reports on FDX. Citigroup raised their price target on shares of FedEx from $301.00 to $331.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Sanford C. Bernstein lowered FedEx from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. UBS Group upped their target price on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Susquehanna lowered their price target on shares of FedEx from $345.00 to $330.00 and set a “positive” rating on the stock in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $325.61.

Institutional Trading of FedEx

Institutional investors have recently bought and sold shares of the business. Sage Capital Advisors llc grew its stake in shares of FedEx by 1.6% during the fourth quarter. Sage Capital Advisors llc now owns 14,391 shares of the shipping service provider’s stock worth $4,049,000 after purchasing an additional 222 shares during the period. ST Germain D J Co. Inc. raised its position in shares of FedEx by 37.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 456 shares of the shipping service provider’s stock valued at $128,000 after acquiring an additional 125 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in FedEx by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,241 shares of the shipping service provider’s stock valued at $12,382,000 after purchasing an additional 140 shares during the period. Fortitude Family Office LLC increased its stake in FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock valued at $25,000 after purchasing an additional 52 shares in the last quarter. Finally, First Hawaiian Bank raised its holdings in FedEx by 5.5% in the fourth quarter. First Hawaiian Bank now owns 15,143 shares of the shipping service provider’s stock worth $4,260,000 after purchasing an additional 786 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.