A number of other equities research analysts also recently commented on FDX. Berenberg Bank assumed coverage on shares of FedEx in a research report on Friday, September 21st. They issued a buy rating and a $300.00 price objective on the stock. Robert W. Baird increased their price objective on shares of FedEx from $265.00 to $270.00 and gave the company an outperform rating in a research report on Tuesday, September 18th. UBS Group downgraded shares of FedEx from a buy rating to a neutral rating and set a $256.00 price objective on the stock. in a research report on Monday, July 16th. Wolfe Research set a $275.00 price objective on shares of FedEx and gave the company a buy rating in a research report on Tuesday, September 18th. Finally, Bank of America dropped their target price on FedEx from $310.00 to $304.00 and set a buy rating on the stock in a report on Tuesday, September 18th. Three research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $285.18.
Shares of NYSE FDX opened at $213.78 on Monday. The company has a current ratio of 1.32, a quick ratio of 1.26 and a debt-to-equity ratio of 0.79. FedEx has a 1-year low of $208.85 and a 1-year high of $274.66. The stock has a market cap of $57.55 billion, a price-to-earnings ratio of 13.96, a P/E/G ratio of 0.99 and a beta of 1.44.
The business also recently announced a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Monday, September 10th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, September 7th. FedEx’s dividend payout ratio (DPR) is 16.98%.
In other news, Director Susan Patricia Griffith purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 17th. The shares were purchased at an average price of $225.16 per share, for a total transaction of $225,160.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John A. Edwardson sold 1,160 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $242.35, for a total value of $281,126.00. Following the transaction, the director now owns 32,800 shares in the company, valued at approximately $7,949,080. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Palo Capital Inc. purchased a new position in FedEx during the 3rd quarter worth $108,000. Vigilant Capital Management LLC purchased a new position in FedEx in the 2nd quarter valued at $114,000. Moneta Group Investment Advisors LLC grew its position in FedEx by 14,117.1% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 63,835 shares of the shipping service provider’s stock valued at $114,000 after buying an additional 63,386 shares during the last quarter. Fortis Advisors LLC grew its position in FedEx by 278.2% in the 2nd quarter. Fortis Advisors LLC now owns 503 shares of the shipping service provider’s stock valued at $115,000 after buying an additional 370 shares during the last quarter. Finally, Lenox Wealth Advisors LLC purchased a new position in FedEx in the 3rd quarter valued at $120,000. Institutional investors and hedge funds own 72.93% of the company’s stock.
FedEx Company Profile
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.
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