Insider Selling: FedEx Co. (NYSE:FDX) COO Sells $1,499,050.25 in Stock

FedEx Co. (NYSE:FDX) COO John Alan Smith sold 6,155 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the sale, the chief operating officer now owns 23,347 shares in the company, valued at approximately $5,686,161.85. This trade represents a 20.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

FedEx Stock Performance

Shares of FDX stock opened at $241.75 on Friday. The stock has a market cap of $57.92 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.11 and a beta of 1.23. The company has a fifty day moving average price of $256.59 and a two-hundred day moving average price of $270.98. FedEx Co. has a one year low of $217.22 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 EPS for the quarter, missing analysts’ consensus estimates of $4.56 by ($0.05). The business had revenue of $22.16 billion for the quarter, compared to the consensus estimate of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.86 EPS. As a group, equities analysts predict that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio (DPR) is presently 34.63%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on FDX. StockNews.com raised FedEx from a “hold” rating to a “buy” rating in a research note on Friday, December 20th. Cfra Research upgraded FedEx to a “hold” rating in a report on Thursday, March 20th. Oppenheimer reiterated a “market perform” rating on shares of FedEx in a research report on Friday, March 21st. Stephens dropped their target price on shares of FedEx from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Friday, March 21st. Finally, Stifel Nicolaus lowered their price objective on shares of FedEx from $364.00 to $354.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, FedEx has an average rating of “Moderate Buy” and a consensus price target of $302.71.

Hedge Funds Weigh In On FedEx

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mascagni Wealth Management Inc. bought a new position in shares of FedEx in the fourth quarter valued at about $70,000. 111 Capital bought a new position in FedEx in the 4th quarter valued at about $508,000. Wealth Enhancement Advisory Services LLC lifted its position in FedEx by 69.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 76,477 shares of the shipping service provider’s stock worth $21,515,000 after acquiring an additional 31,376 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its holdings in shares of FedEx by 2.6% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 19,524 shares of the shipping service provider’s stock worth $5,493,000 after acquiring an additional 491 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of FedEx in the fourth quarter valued at approximately $44,690,000. 84.47% of the stock is owned by institutional investors.

About FedEx

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.