FedEx (NYSE:FDX) Reaches New 1-Year Low – Should You Sell?

FedEx Co. (NYSE:FDX) shares hit a new 52-week low on Thursday . The company traded as low as $215.58 and last traded at $216.52, with a volume of 3215205 shares changing hands. The stock had previously closed at $245.17.

Wall Street Analyst Weigh In

Several research firms recently commented on FDX. Jefferies Financial Group upgraded shares of FedEx from a “hold” rating to a “buy” rating and decreased their price target for the stock from $300.00 to $275.00 in a report on Monday, March 24th. Wells Fargo & Company decreased their target price on shares of FedEx from $275.00 to $260.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Barclays dropped their price target on shares of FedEx from $365.00 to $350.00 and set an “overweight” rating on the stock in a research note on Friday, March 21st. Stifel Nicolaus reduced their price objective on FedEx from $364.00 to $354.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Finally, Bank of America dropped their target price on FedEx from $295.00 to $272.00 and set a “buy” rating on the stock in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $302.71.

FedEx Stock Down 12.1 %

The firm has a 50-day moving average of $254.79 and a two-hundred day moving average of $270.10. The firm has a market cap of $51.64 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 1.11 and a beta of 1.23. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The business had revenue of $22.16 billion during the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the prior year, the company posted $3.86 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, sell-side analysts predict that FedEx Co. will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 10th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.52 annualized dividend and a yield of 2.56%. FedEx’s dividend payout ratio is 34.63%.

Insider Buying and Selling at FedEx

In other FedEx news, COO John Alan Smith sold 6,155 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total value of $1,499,050.25. Following the sale, the chief operating officer now owns 23,347 shares of the company’s stock, valued at $5,686,161.85. The trade was a 20.86 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John W. Dietrich bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were acquired at an average price of $273.98 per share, for a total transaction of $273,980.00. Following the completion of the transaction, the executive vice president now owns 9,067 shares in the company, valued at $2,484,176.66. This represents a 12.40 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 12,711 shares of company stock valued at $3,312,693 in the last quarter. Corporate insiders own 8.87% of the company’s stock.

Hedge Funds Weigh In On FedEx

A number of hedge funds have recently modified their holdings of FDX. bLong Financial LLC acquired a new position in FedEx during the fourth quarter worth $391,000. Virtu Financial LLC acquired a new stake in shares of FedEx during the 3rd quarter worth about $3,405,000. Lodestone Wealth Management LLC bought a new position in FedEx during the 4th quarter valued at about $461,000. Wedmont Private Capital boosted its position in FedEx by 4.1% in the fourth quarter. Wedmont Private Capital now owns 2,329 shares of the shipping service provider’s stock valued at $631,000 after buying an additional 91 shares in the last quarter. Finally, GFS Advisors LLC acquired a new position in FedEx in the fourth quarter valued at about $26,855,000. 84.47% of the stock is owned by institutional investors and hedge funds.

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.