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

FedEx Co. (NYSE:FDX) EVP John W. Dietrich bought 1,000 shares of FedEx stock in a transaction that occurred on Tuesday, January 7th. The shares were acquired at an average cost of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the transaction, the executive vice president now directly owns 9,067 shares in the company, valued at $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

FedEx Trading Down 0.1 %

Shares of FedEx stock opened at $274.62 on Thursday. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84. The stock has a 50 day moving average of $283.85 and a 200 day moving average of $284.47. The firm has a market capitalization of $67.10 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.18 and a beta of 1.18. 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, topping the consensus estimate of $3.88 by $0.17. The firm had revenue of $22 billion for the quarter, compared to analyst estimates of $22.14 billion. FedEx had a return on equity of 15.61% and a net margin of 4.62%. FedEx’s revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.99 EPS. As a group, research analysts predict that FedEx Co. will post 19.59 earnings per share for the current year.

FedEx Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have weighed in on FDX shares. Daiwa America downgraded shares of FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Wells Fargo & Company raised their target price on FedEx from $305.00 to $320.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Citigroup boosted their price target on FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. HSBC downgraded FedEx from a “buy” rating to a “hold” rating and set a $300.00 target price for the company. in a report on Friday, September 20th. Finally, The Goldman Sachs Group cut their price target on shares of FedEx from $333.00 to $332.00 in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $325.61.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in FedEx in the third quarter valued at approximately $3,405,000. Czech National Bank grew its holdings in shares of FedEx by 6.4% during the third quarter. Czech National Bank now owns 45,909 shares of the shipping service provider’s stock worth $12,564,000 after purchasing an additional 2,767 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in shares of FedEx in the 2nd quarter valued at about $9,226,000. Raymond James & Associates lifted its stake in FedEx by 6.9% in the third quarter. Raymond James & Associates now owns 485,698 shares of the shipping service provider’s stock valued at $132,926,000 after buying an additional 31,241 shares during the last quarter. Finally, CWA Asset Management Group LLC boosted its holdings in shares of FedEx by 52.2% in the fourth quarter. CWA Asset Management Group LLC now owns 6,563 shares of the shipping service provider’s stock valued at $1,846,000 after acquiring an additional 2,251 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.