Insider Selling: FedEx Co. (NYSE:FDX) EVP Sells 4,700 Shares of Stock

FedEx Co. (NYSE:FDX) EVP Michael C. Lenz sold 4,700 shares of the stock in a transaction that occurred on Monday, May 10th. The stock was sold at an average price of $315.97, for a total transaction of $1,485,059.00. Following the completion of the sale, the executive vice president now directly owns 15,646 shares of the company’s stock, valued at $4,943,666.62. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of FedEx stock opened at $296.01 on Thursday. FedEx Co. has a 52 week low of $103.40 and a 52 week high of $317.00. The business’s fifty day simple moving average is $288.03 and its 200-day simple moving average is $271.47. The firm has a market cap of $78.54 billion, a PE ratio of 32.21, a price-to-earnings-growth ratio of 1.22 and a beta of 1.30. The company has a quick ratio of 1.71, a current ratio of 1.76 and a debt-to-equity ratio of 1.10.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Wednesday, March 17th. The shipping service provider reported $3.47 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.21 by $0.26. The firm had revenue of $21.51 billion for the quarter, compared to the consensus estimate of $19.90 billion. FedEx had a return on equity of 18.65% and a net margin of 3.28%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.41 EPS. As a group, equities analysts expect that FedEx Co. will post 17.24 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 1st. Investors of record on Monday, March 8th were issued a $0.65 dividend. The ex-dividend date was Friday, March 5th. This represents a $2.60 annualized dividend and a dividend yield of 0.88%. FedEx’s dividend payout ratio is presently 27.37%.

Several hedge funds have recently bought and sold shares of FDX. CVA Family Office LLC purchased a new stake in shares of FedEx in the 4th quarter valued at $26,000. Vectors Research Management LLC purchased a new stake in FedEx during the 4th quarter worth about $26,000. RMR Wealth Builders purchased a new stake in FedEx during the 4th quarter worth about $27,000. Curi Capital purchased a new stake in FedEx during the 4th quarter worth about $31,000. Finally, Atticus Wealth Management LLC purchased a new stake in FedEx during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 72.74% of the company’s stock.

FDX has been the topic of a number of recent analyst reports. Berenberg Bank increased their target price on FedEx from $340.00 to $350.00 and gave the stock a “buy” rating in a research note on Monday, May 3rd. Wolfe Research upgraded FedEx from a “peer perform” rating to an “outperform” rating in a research note on Monday. KeyCorp upgraded FedEx from a “sector weight” rating to an “overweight” rating and set a $350.00 target price on the stock in a research note on Monday, April 19th. Credit Suisse Group cut their price target on FedEx from $368.00 to $350.00 and set an “outperform” rating on the stock in a research note on Thursday, March 18th. Finally, The Goldman Sachs Group raised their price target on FedEx from $356.00 to $365.00 and gave the company a “buy” rating in a research note on Thursday, March 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $315.56.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border e-commerce technology and e-commerce transportation solutions.

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Insider Buying and Selling by Quarter for FedEx (NYSE:FDX)

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