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.
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.
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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