FedEx Corporation (NYSE:FDX) insider Henry J. Maier sold 11,150 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total transaction of $2,547,329.00. Following the completion of the transaction, the insider now owns 36,747 shares of the company’s stock, valued at approximately $8,395,219.62. The sale was disclosed in a filing with the SEC, which is available at this link.
FedEx Corporation (NYSE:FDX) traded up $0.71 during mid-day trading on Friday, hitting $218.15. 936,200 shares of the stock were exchanged, compared to its average volume of 1,075,465. FedEx Corporation has a twelve month low of $182.11 and a twelve month high of $231.35. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.63 and a quick ratio of 1.57. The firm has a market capitalization of $58,496.49, a P/E ratio of 18.32, a P/E/G ratio of 1.37 and a beta of 1.37.
FedEx Corporation (NYSE:FDX) last released its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.17 by ($0.66). FedEx Corporation had a return on equity of 20.69% and a net margin of 4.72%. The company had revenue of $15.30 billion for the quarter, compared to analyst estimates of $15.35 billion. During the same period in the previous year, the business posted $2.90 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. research analysts forecast that FedEx Corporation will post 12.47 EPS for the current fiscal year.
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A number of equities analysts have commented on FDX shares. Wells Fargo & Company upped their price objective on shares of FedEx Corporation from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, September 21st. Credit Suisse Group restated an “outperform” rating and set a $233.00 price objective (down previously from $242.00) on shares of FedEx Corporation in a research report on Friday, September 15th. Bank of America Corporation restated a “buy” rating and set a $247.00 price objective (up previously from $240.00) on shares of FedEx Corporation in a research report on Friday, October 6th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $229.00 price target on shares of FedEx Corporation in a report on Wednesday, September 20th. Finally, Cowen and Company reiterated a “buy” rating and issued a $240.00 price target on shares of FedEx Corporation in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-two have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $228.56.
A number of institutional investors have recently added to or reduced their stakes in FDX. FNY Managed Accounts LLC acquired a new position in FedEx Corporation in the first quarter worth $100,000. Salem Investment Counselors Inc. boosted its holdings in FedEx Corporation by 2.8% in the second quarter. Salem Investment Counselors Inc. now owns 479 shares of the shipping service provider’s stock worth $104,000 after purchasing an additional 13 shares during the period. Riggs Asset Managment Co. Inc. boosted its holdings in FedEx Corporation by 163.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 484 shares of the shipping service provider’s stock worth $105,000 after purchasing an additional 300 shares during the period. Cribstone Capital Management LLC boosted its holdings in FedEx Corporation by 1.2% in the second quarter. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider’s stock worth $107,000 after purchasing an additional 6 shares during the period. Finally, Krilogy Financial LLC boosted its holdings in FedEx Corporation by 0.4% in the second quarter. Krilogy Financial LLC now owns 511 shares of the shipping service provider’s stock worth $111,000 after purchasing an additional 2 shares during the period. 76.27% of the stock is owned by hedge funds and other institutional investors.
FedEx Corporation Company Profile
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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