FedEx Co. (NYSE:FDX) EVP Jill Brannon Sells 5,620 Shares

FedEx Co. (NYSE:FDXGet Rating) EVP Jill Brannon sold 5,620 shares of the stock in a transaction on Friday, August 5th. The stock was sold at an average price of $237.00, for a total value of $1,331,940.00. Following the completion of the sale, the executive vice president now owns 8,113 shares in the company, valued at approximately $1,922,781. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

FedEx Price Performance

Shares of NYSE FDX opened at $234.89 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.38 and a current ratio of 1.43. The company has a market cap of $61.04 billion, a PE ratio of 16.43, a P/E/G ratio of 0.85 and a beta of 1.19. The business has a 50-day simple moving average of $226.31 and a two-hundred day simple moving average of $221.90. FedEx Co. has a fifty-two week low of $192.82 and a fifty-two week high of $282.88.

FedEx (NYSE:FDXGet Rating) last issued its quarterly earnings results on Thursday, June 23rd. The shipping service provider reported $6.87 earnings per share for the quarter, missing the consensus estimate of $6.91 by ($0.04). The business had revenue of $24.39 billion during the quarter, compared to analyst estimates of $24.28 billion. FedEx had a return on equity of 22.29% and a net margin of 4.09%. During the same period in the prior year, the business posted $5.01 EPS. As a group, equities analysts expect that FedEx Co. will post 23.16 EPS for the current fiscal year.

FedEx Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Monday, June 27th were issued a $1.15 dividend. This represents a $4.60 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, June 24th. This is an increase from FedEx’s previous quarterly dividend of $0.75. FedEx’s dividend payout ratio (DPR) is currently 32.17%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FDX. KeyCorp raised their price target on FedEx from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday, June 30th. Credit Suisse Group set a $314.00 price target on FedEx in a research note on Thursday, July 7th. Barclays set a $320.00 price target on FedEx in a research note on Friday, June 24th. Berenberg Bank lowered FedEx from a “buy” rating to a “hold” rating and cut their price target for the company from $333.00 to $275.00 in a research note on Friday, July 1st. Finally, JPMorgan Chase & Co. set a $284.00 price target on FedEx in a research note on Thursday, June 30th. Four equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $297.50.

Institutional Investors Weigh In On FedEx

Institutional investors and hedge funds have recently modified their holdings of the company. Graypoint LLC lifted its holdings in shares of FedEx by 16.0% during the first quarter. Graypoint LLC now owns 1,897 shares of the shipping service provider’s stock worth $439,000 after purchasing an additional 261 shares during the period. Value Partners Investments Inc. lifted its holdings in shares of FedEx by 21.5% during the first quarter. Value Partners Investments Inc. now owns 306,203 shares of the shipping service provider’s stock worth $70,826,000 after purchasing an additional 54,116 shares during the period. Veriti Management LLC raised its position in FedEx by 22.5% during the first quarter. Veriti Management LLC now owns 3,343 shares of the shipping service provider’s stock valued at $774,000 after acquiring an additional 614 shares in the last quarter. Kestra Advisory Services LLC raised its position in FedEx by 16.2% during the first quarter. Kestra Advisory Services LLC now owns 30,207 shares of the shipping service provider’s stock valued at $6,990,000 after acquiring an additional 4,220 shares in the last quarter. Finally, Garrett Investment Advisors LLC raised its position in FedEx by 27.2% during the first quarter. Garrett Investment Advisors LLC now owns 1,510 shares of the shipping service provider’s stock valued at $349,000 after acquiring an additional 323 shares in the last quarter. Institutional investors and hedge funds own 79.92% of the company’s stock.

FedEx Company Profile

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FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. 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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