Deutsche Bank Aktiengesellschaft Begins Coverage on FedEx (NYSE:FDX)

Deutsche Bank Aktiengesellschaft began coverage on shares of FedEx (NYSE:FDX) in a report released on Friday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $337.00 price objective on the shipping service provider’s stock.

Other research analysts have also recently issued research reports about the company. StockNews.com upgraded FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Barclays raised their target price on FedEx from $350.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. BNP Paribas upgraded FedEx from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, January 16th. Wells Fargo & Company lowered their target price on FedEx from $320.00 to $275.00 and set an “equal weight” rating for the company in a research note on Thursday. Finally, TD Cowen raised their target price on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $318.58.

FedEx Trading Up 1.6 %

FDX stock opened at $253.80 on Friday. The company has a market cap of $61.13 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 1.11 and a beta of 1.23. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The business has a fifty day simple moving average of $266.55 and a 200-day simple moving average of $276.07. FedEx has a 52 week low of $242.92 and a 52 week high of $313.84.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. The business had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.99 EPS. On average, equities research analysts expect that FedEx will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.17%. The ex-dividend date is Monday, March 10th. FedEx’s payout ratio is 35.18%.

Insider Buying and Selling at FedEx

In related news, Director Susan C. Schwab sold 3,980 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $276.45, for a total value of $1,100,271.00. Following the completion of the transaction, the director now owns 8,904 shares of the company’s stock, valued at $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John W. Dietrich purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was acquired at an average cost of $273.98 per share, with a total value of $273,980.00. Following the transaction, the executive vice president now directly owns 9,067 shares of the company’s stock, valued at approximately $2,484,176.66. This represents a 12.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.87% of the company’s stock.

Institutional Trading of FedEx

Several hedge funds have recently modified their holdings of the company. Park Square Financial Group LLC acquired a new stake in shares of FedEx during the fourth quarter worth approximately $89,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of FedEx in the fourth quarter valued at approximately $42,588,000. Employees Retirement System of Texas boosted its stake in FedEx by 13.6% in the fourth quarter. Employees Retirement System of Texas now owns 17,578 shares of the shipping service provider’s stock valued at $4,945,000 after acquiring an additional 2,100 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in FedEx by 34.0% in the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 1,107 shares of the shipping service provider’s stock valued at $311,000 after acquiring an additional 281 shares during the last quarter. Finally, LifeWealth Investments LLC bought a new position in FedEx in the fourth quarter valued at approximately $283,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

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.