FedEx Corp. (FDX) Insider Henry J. Maier Sells 5,213 Shares
FedEx Corp. (NYSE:FDX) insider Henry J. Maier sold 5,213 shares of the firm’s stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $176.65, for a total transaction of $920,876.45. Following the completion of the sale, the insider now owns 27,720 shares in the company, valued at approximately $4,896,738. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
FedEx Corp. (NYSE:FDX) opened at 174.68 on Friday. FedEx Corp. has a 12-month low of $119.71 and a 12-month high of $177.36. The company has a market cap of $46.42 billion, a P/E ratio of 26.13 and a beta of 1.35. The stock’s 50 day moving average is $166.98 and its 200-day moving average is $162.66.
FedEx Corp. (NYSE:FDX) last posted its quarterly earnings results on Tuesday, September 20th. The shipping service provider reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.09. FedEx Corp. had a net margin of 3.49% and a return on equity of 21.65%. The company had revenue of $14.70 billion for the quarter. During the same quarter in the previous year, the business posted $2.42 earnings per share. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. Analysts predict that FedEx Corp. will post $12.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Monday, September 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.60 annualized dividend and a yield of 0.92%. FedEx Corp.’s dividend payout ratio is presently 23.99%.
A number of large investors have recently bought and sold shares of FDX. Carnick & Kubik Group LLC acquired a new stake in FedEx Corp. during the second quarter valued at approximately $1,066,000. Williams Jones & Associates LLC increased its stake in FedEx Corp. by 10.0% in the second quarter. Williams Jones & Associates LLC now owns 122,828 shares of the shipping service provider’s stock valued at $18,643,000 after buying an additional 11,175 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in FedEx Corp. during the second quarter valued at approximately $1,530,000. Kentucky Retirement Systems acquired a new stake in FedEx Corp. during the second quarter valued at approximately $3,222,000. Finally, Mason Street Advisors LLC acquired a new stake in FedEx Corp. during the second quarter valued at approximately $5,103,000. Institutional investors and hedge funds own 73.78% of the company’s stock.
Several equities research analysts have commented on FDX shares. Wolfe Research upgraded shares of FedEx Corp. from a “market perform” rating to an “outperform” rating in a research note on Friday, July 1st. Cowen and Company restated a “market perform” rating and issued a $110.00 price target on shares of FedEx Corp. in a research note on Sunday, July 31st. Zacks Investment Research lowered shares of FedEx Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 23rd. Vetr lowered shares of FedEx Corp. from a “strong-buy” rating to a “buy” rating and set a $179.94 price objective on the stock. in a research note on Monday, August 8th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of FedEx Corp. in a research note on Thursday, June 16th. Ten analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $176.59.
FedEx Corp. Company Profile
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
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