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.
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.
Further Reading: Google Finance Portfolio Tips and Tricks
Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.