Investors Sell FedEx Co. (FDX) on Strength on Insider Selling

Traders sold shares of FedEx Co. (NYSE:FDX) on strength during trading on Friday following insider selling activity. $59.55 million flowed into the stock on the tick-up and $93.48 million flowed out of the stock on the tick-down, for a money net flow of $33.93 million out of the stock. Of all stocks tracked, FedEx had the 22nd highest net out-flow for the day. FedEx traded up $1.43 for the day and closed at $230.47Specifically, insider Henry J. Maier sold 11,150 shares of the business’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $228.46, for a total value of $2,547,329.00. Following the completion of the transaction, the insider now owns 36,747 shares in the company, valued at $8,395,219.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John A. Edwardson sold 2,208 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $208.14, for a total transaction of $459,573.12. Following the completion of the transaction, the director now owns 30,608 shares of the company’s stock, valued at approximately $6,370,749.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,322 shares of company stock valued at $8,586,522. Insiders own 8.45% of the company’s stock.

Several equities analysts have commented on FDX shares. Sanford C. Bernstein restated a “market perform” rating and issued a $220.00 price target on shares of FedEx in a research note on Monday, July 3rd. Loop Capital restated a “buy” rating and issued a $234.00 price target on shares of FedEx in a research note on Tuesday, July 4th. Cowen and Company restated a “buy” rating and issued a $240.00 price target on shares of FedEx in a research note on Tuesday, July 11th. Vetr upgraded shares of FedEx from a “sell” rating to a “hold” rating and set a $206.26 price target for the company in a research note on Tuesday, July 18th. Finally, BidaskClub downgraded shares of FedEx from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, five have given a hold rating and twenty-two have assigned a buy rating to the stock. FedEx currently has a consensus rating of “Buy” and a consensus price target of $228.56.

The firm has a market cap of $61.80 billion, a P/E ratio of 21.73 and a beta of 1.31. The company’s 50-day moving average price is $220.04 and its 200-day moving average price is $207.81.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.17 by ($0.66). FedEx had a return on equity of 14.63% and a net margin of 3.90%. The business had revenue of $15.30 billion during the quarter, compared to the consensus estimate of $15.35 billion. During the same quarter in the previous year, the business posted $2.90 earnings per share. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. Equities research analysts anticipate that FedEx Co. will post $12.46 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Monday, September 11th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, September 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. FedEx’s payout ratio is currently 18.87%.

Several institutional investors have recently bought and sold shares of FDX. Summit Asset Management LLC lifted its position in shares of FedEx by 4.3% in the 1st quarter. Summit Asset Management LLC now owns 7,794 shares of the shipping service provider’s stock worth $1,521,000 after buying an additional 321 shares during the last quarter. State of Tennessee Treasury Department lifted its position in shares of FedEx by 55.9% in the 1st quarter. State of Tennessee Treasury Department now owns 204,817 shares of the shipping service provider’s stock worth $39,970,000 after buying an additional 73,416 shares during the last quarter. CIBC World Markets Inc. lifted its position in shares of FedEx by 4.4% in the 1st quarter. CIBC World Markets Inc. now owns 58,358 shares of the shipping service provider’s stock worth $11,389,000 after buying an additional 2,451 shares during the last quarter. Holderness Investments Co. lifted its position in shares of FedEx by 30.4% in the 1st quarter. Holderness Investments Co. now owns 6,761 shares of the shipping service provider’s stock worth $1,319,000 after buying an additional 1,575 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its position in shares of FedEx by 13.9% in the 1st quarter. State of Wisconsin Investment Board now owns 359,563 shares of the shipping service provider’s stock worth $70,169,000 after buying an additional 43,758 shares during the last quarter. Institutional investors own 76.04% of the company’s stock.

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FedEx 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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