FedEx Co. (NYSE:FDX) Director Amy B. Lane Acquires 333 Shares

FedEx Co. (NYSE:FDX) Director Amy B. Lane bought 333 shares of the stock in a transaction on Thursday, December 26th. The stock was purchased at an average cost of $276.06 per share, with a total value of $91,927.98. Following the acquisition, the director now owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

FedEx Price Performance

FDX stock opened at $280.36 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28. The business has a 50-day simple moving average of $283.06 and a two-hundred day simple moving average of $282.93. The company has a market capitalization of $67.52 billion, a P/E ratio of 17.30, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. FedEx Co. has a 52-week low of $234.45 and a 52-week high of $313.84.

FedEx (NYSE:FDX) last announced its quarterly 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. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. During the same quarter in the prior year, the company posted $3.99 earnings per share. FedEx’s revenue was down .7% compared to the same quarter last year. Research analysts expect that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Monday, December 9th. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Institutional Investors Weigh In On FedEx

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atomi Financial Group Inc. boosted its position in FedEx by 26.1% in the second quarter. Atomi Financial Group Inc. now owns 1,064 shares of the shipping service provider’s stock worth $319,000 after purchasing an additional 220 shares during the last quarter. Arkadios Wealth Advisors grew its position in FedEx by 13.9% during the second quarter. Arkadios Wealth Advisors now owns 2,202 shares of the shipping service provider’s stock valued at $660,000 after buying an additional 269 shares during the period. F M Investments LLC raised its position in FedEx by 658.5% in the second quarter. F M Investments LLC now owns 6,280 shares of the shipping service provider’s stock worth $1,877,000 after acquiring an additional 5,452 shares during the period. Great Diamond Partners LLC purchased a new position in FedEx in the second quarter valued at about $202,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of FedEx by 7.6% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 255,864 shares of the shipping service provider’s stock valued at $76,718,000 after acquiring an additional 18,042 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on FedEx from $321.00 to $368.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Raymond James raised their price target on shares of FedEx from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. Barclays boosted their price objective on shares of FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Morgan Stanley lowered FedEx from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $215.00 to $200.00 in a research report on Friday, September 20th. Finally, The Goldman Sachs Group decreased their price target on FedEx from $333.00 to $332.00 in a research note on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $324.88.

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.