FedEx Co. (NYSE:FDX) Director Amy B. Lane Buys 333 Shares

FedEx Co. (NYSE:FDX) Director Amy B. Lane bought 333 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was acquired at an average price of $276.06 per share, for a total transaction of $91,927.98. Following the completion of the acquisition, the director now directly owns 333 shares in the company, valued at approximately $91,927.98. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

FedEx Price Performance

Shares of NYSE:FDX opened at $278.66 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24. The stock has a market capitalization of $67.12 billion, a P/E ratio of 17.19, a P/E/G ratio of 1.17 and a beta of 1.18. The business has a 50-day moving average of $282.94 and a two-hundred day moving average of $282.54. FedEx Co. has a fifty-two week low of $234.45 and a fifty-two week high of $313.84.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. FedEx had a return on equity of 15.61% and a net margin of 4.62%. The firm had revenue of $22 billion during the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter in the prior year, the business earned $3.99 earnings per share. The company’s revenue was down .7% on a year-over-year basis. On average, equities research analysts predict that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be issued a $1.38 dividend. The ex-dividend date is Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 1.98%. FedEx’s dividend payout ratio (DPR) is presently 35.18%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group increased their price objective on FedEx from $311.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Stephens decreased their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research report on Friday, December 20th. The Goldman Sachs Group cut their price objective on FedEx from $333.00 to $332.00 in a report on Friday, September 20th. Sanford C. Bernstein cut shares of FedEx from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $337.00 to $316.00 in a report on Tuesday, December 3rd. Finally, Citigroup boosted their price target on shares of FedEx from $301.00 to $331.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $324.88.

Institutional Investors Weigh In On FedEx

A number of hedge funds have recently bought and sold shares of FDX. Atomi Financial Group Inc. boosted its stake in FedEx by 26.1% during the 2nd quarter. Atomi Financial Group Inc. now owns 1,064 shares of the shipping service provider’s stock valued at $319,000 after purchasing an additional 220 shares during the period. Arkadios Wealth Advisors lifted its holdings in shares of FedEx by 13.9% during the second quarter. Arkadios Wealth Advisors now owns 2,202 shares of the shipping service provider’s stock worth $660,000 after buying an additional 269 shares during the last quarter. F M Investments LLC boosted its position in shares of FedEx by 658.5% in the second quarter. F M Investments LLC now owns 6,280 shares of the shipping service provider’s stock valued at $1,877,000 after acquiring an additional 5,452 shares during the period. Great Diamond Partners LLC acquired a new stake in shares of FedEx in the second quarter worth $202,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in FedEx by 7.6% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 255,864 shares of the shipping service provider’s stock worth $76,718,000 after acquiring an additional 18,042 shares during the period. 84.47% of the stock is currently owned by institutional investors.

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.