FedEx Co. (NYSE:FDX) CEO Sells $5,153,918.00 in Stock

FedEx Co. (NYSE:FDX) CEO Donald F. Colleran sold 17,150 shares of the stock in a transaction dated Monday, May 3rd. The shares were sold at an average price of $300.52, for a total value of $5,153,918.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

FedEx stock traded up $14.24 during mid-day trading on Monday, reaching $304.55. 4,540,909 shares of the company’s stock were exchanged, compared to its average volume of 2,452,970. The business’s fifty day simple moving average is $281.13 and its 200 day simple moving average is $270.28. The firm has a market capitalization of $80.81 billion, a PE ratio of 33.14, a P/E/G ratio of 1.22 and a beta of 1.30. FedEx Co. has a one year low of $103.40 and a one year high of $305.66. The company has a quick ratio of 1.71, a current ratio of 1.76 and a debt-to-equity ratio of 1.10.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Wednesday, March 17th. The shipping service provider reported $3.47 EPS for the quarter, topping the Zacks’ consensus estimate of $3.21 by $0.26. The business had revenue of $21.51 billion for the quarter, compared to analyst estimates of $19.90 billion. FedEx had a return on equity of 18.65% and a net margin of 3.28%. FedEx’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period last year, the company posted $1.41 earnings per share. On average, sell-side analysts forecast that FedEx Co. will post 17.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 1st. Shareholders of record on Monday, March 8th were paid a $0.65 dividend. The ex-dividend date of this dividend was Friday, March 5th. This represents a $2.60 annualized dividend and a dividend yield of 0.85%. FedEx’s payout ratio is presently 27.37%.

Several institutional investors and hedge funds have recently modified their holdings of FDX. Norges Bank bought a new stake in shares of FedEx in the fourth quarter valued at $523,326,000. BlackRock Inc. raised its stake in shares of FedEx by 9.5% in the fourth quarter. BlackRock Inc. now owns 18,112,791 shares of the shipping service provider’s stock valued at $4,702,442,000 after buying an additional 1,570,609 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of FedEx by 4.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,127,584 shares of the shipping service provider’s stock valued at $2,629,323,000 after buying an additional 435,381 shares during the period. FMR LLC raised its stake in shares of FedEx by 5.9% in the fourth quarter. FMR LLC now owns 5,473,734 shares of the shipping service provider’s stock valued at $1,421,090,000 after buying an additional 303,415 shares during the period. Finally, AGF Investments Inc. raised its stake in shares of FedEx by 14,783.0% during the 4th quarter. AGF Investments Inc. now owns 255,838 shares of the shipping service provider’s stock valued at $66,421,000 after purchasing an additional 254,119 shares during the period. Hedge funds and other institutional investors own 72.74% of the company’s stock.

FDX has been the subject of several research reports. Berenberg Bank increased their target price on FedEx from $340.00 to $350.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. set a $340.00 price objective on FedEx and gave the stock a “buy” rating in a research report on Thursday, April 8th. Wolfe Research upgraded FedEx from a “peer perform” rating to an “outperform” rating in a research report on Monday. The Goldman Sachs Group raised their price objective on FedEx from $356.00 to $365.00 and gave the stock a “buy” rating in a research report on Thursday, March 25th. Finally, Robert W. Baird restated a “buy” rating on shares of FedEx in a research report on Sunday, February 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. FedEx has a consensus rating of “Buy” and a consensus price target of $315.56.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions.

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Insider Buying and Selling by Quarter for FedEx (NYSE:FDX)

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