Insider Selling: FedEx Co. (NYSE:FDX) COO Sells 6,155 Shares of Stock

FedEx Co. (NYSE:FDX) COO John Alan Smith sold 6,155 shares of the firm’s stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the transaction, the chief operating officer now directly owns 23,347 shares in the company, valued at $5,686,161.85. This represents a 20.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

FedEx Trading Down 0.9 %

Shares of FDX stock opened at $241.75 on Friday. FedEx Co. has a 1-year low of $217.22 and a 1-year high of $313.84. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The stock has a market cap of $57.92 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.11 and a beta of 1.23. The stock has a 50-day moving average of $256.59 and a 200-day moving average of $270.98.

FedEx (NYSE:FDX) last released its earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. During the same period in the prior year, the company posted $3.86 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts forecast that FedEx Co. will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. The ex-dividend date is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.28%. FedEx’s dividend payout ratio (DPR) is currently 34.63%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays dropped their price objective on FedEx from $365.00 to $350.00 and set an “overweight” rating for the company in a report on Friday, March 21st. Bank of America cut their price objective on shares of FedEx from $295.00 to $272.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Stephens decreased their target price on shares of FedEx from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Sanford C. Bernstein downgraded shares of FedEx from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. Finally, Oppenheimer reissued a “market perform” rating on shares of FedEx in a research note on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $302.71.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FDX. Fortitude Family Office LLC grew its stake in FedEx by 144.4% during the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 52 shares during the period. Transce3nd LLC bought a new position in shares of FedEx during the 4th quarter worth approximately $26,000. Peoples Financial Services CORP. acquired a new stake in shares of FedEx during the 4th quarter worth approximately $28,000. City Holding Co. bought a new stake in shares of FedEx in the 4th quarter valued at $28,000. Finally, Kentucky Trust Co acquired a new position in shares of FedEx during the 4th quarter valued at $28,000. 84.47% of the stock is owned by institutional investors.

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.