FedEx Co. (NYSE:FDX) EVP John W. Dietrich Buys 1,000 Shares

FedEx Co. (NYSE:FDX) EVP John W. Dietrich purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was bought at an average cost of $273.98 per share, with a total value of $273,980.00. Following the completion of the acquisition, the executive vice president now owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. The trade was a 12.40 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

FedEx Stock Down 0.1 %

Shares of NYSE:FDX opened at $274.62 on Thursday. The company has a 50 day moving average price of $283.85 and a two-hundred day moving average price of $284.47. The company has a market capitalization of $67.10 billion, a PE ratio of 16.94, a PEG ratio of 1.18 and a beta of 1.18. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28.

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

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Monday, December 9th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, December 9th. FedEx’s payout ratio is 34.05%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FDX. First Hawaiian Bank increased its holdings in shares of FedEx by 5.5% in the fourth quarter. First Hawaiian Bank now owns 15,143 shares of the shipping service provider’s stock valued at $4,260,000 after purchasing an additional 786 shares during the last quarter. Birch Capital Management LLC boosted its holdings in shares of FedEx by 161.3% during the 4th quarter. Birch Capital Management LLC now owns 15,549 shares of the shipping service provider’s stock worth $4,374,000 after buying an additional 9,599 shares during the period. Oliver Luxxe Assets LLC grew its stake in FedEx by 2.2% in the 4th quarter. Oliver Luxxe Assets LLC now owns 17,617 shares of the shipping service provider’s stock valued at $4,956,000 after buying an additional 378 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in FedEx by 52.2% during the fourth quarter. CWA Asset Management Group LLC now owns 6,563 shares of the shipping service provider’s stock worth $1,846,000 after purchasing an additional 2,251 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its stake in shares of FedEx by 2.5% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,125 shares of the shipping service provider’s stock valued at $1,160,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on FDX. HSBC downgraded shares of FedEx from a “buy” rating to a “hold” rating and set a $300.00 price target on the stock. in a research note on Friday, September 20th. Stifel Nicolaus increased their target price on FedEx from $321.00 to $368.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Citigroup upped their target price on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. boosted their price target on FedEx from $370.00 to $372.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.61.

FedEx Company Profile

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.