FedEx Target of Unusually Large Options Trading (NYSE:FDX)

FedEx Co. (NYSE:FDX) saw some unusual options trading activity on Wednesday. Traders bought 23,166 call options on the stock. This is an increase of 21% compared to the typical daily volume of 19,084 call options.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FDX. Barclays boosted their price objective on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. UBS Group decreased their price target on FedEx from $333.00 to $311.00 and set a “buy” rating for the company in a report on Friday, September 20th. Stephens reaffirmed an “overweight” rating and set a $350.00 price objective on shares of FedEx in a research note on Friday, September 20th. StockNews.com cut shares of FedEx from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, Susquehanna dropped their price target on shares of FedEx from $345.00 to $330.00 and set a “positive” rating on the stock in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $316.68.

FedEx Price Performance

FDX opened at $273.16 on Thursday. The firm has a market cap of $66.74 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 1.17 and a beta of 1.18. The company has a current ratio of 1.28, a quick ratio of 1.24 and a debt-to-equity ratio of 0.72. The stock’s 50-day moving average price is $282.25 and its 200 day moving average price is $281.70. FedEx has a 12-month low of $234.45 and a 12-month high of $313.84.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 EPS for the quarter, missing the consensus estimate of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $21.58 billion during the quarter, compared to analysts’ expectations of $21.87 billion. During the same period in the previous year, the business posted $4.55 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, sell-side analysts expect that FedEx will post 19.59 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 annualized dividend and a dividend yield of 2.02%. FedEx’s dividend payout ratio (DPR) is 34.05%.

Institutional Trading of FedEx

Several hedge funds have recently modified their holdings of the stock. Evermay Wealth Management LLC raised its holdings in FedEx by 72.7% in the third quarter. Evermay Wealth Management LLC now owns 95 shares of the shipping service provider’s stock valued at $26,000 after acquiring an additional 40 shares in the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of FedEx in the 3rd quarter valued at $31,000. Abound Wealth Management lifted its position in shares of FedEx by 175.9% during the 2nd quarter. Abound Wealth Management now owns 149 shares of the shipping service provider’s stock worth $45,000 after purchasing an additional 95 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of FedEx during the third quarter worth $47,000. Finally, Sachetta LLC increased its holdings in FedEx by 29.1% in the second quarter. Sachetta LLC now owns 164 shares of the shipping service provider’s stock valued at $49,000 after buying an additional 37 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Company Profile

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.