Amy B. Lane Acquires 333 Shares of FedEx Co. (NYSE:FDX) Stock

FedEx Co. (NYSE:FDX) Director Amy B. Lane acquired 333 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average cost of $276.06 per share, with a total value of $91,927.98. Following the purchase, the director now owns 333 shares in the company, valued at $91,927.98. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

FedEx Price Performance

FDX stock opened at $280.36 on Friday. FedEx Co. has a 1 year low of $234.45 and a 1 year high of $313.84. The stock has a market capitalization of $67.52 billion, a PE ratio of 17.30, a price-to-earnings-growth ratio of 1.17 and a beta of 1.18. The company’s 50-day moving average is $283.06 and its 200-day moving average is $282.72. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.28 and a quick ratio of 1.24.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, beating 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 last year, the firm posted $3.99 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. Equities research analysts expect that FedEx Co. will post 19.59 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Monday, December 9th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.52 annualized dividend and a yield of 1.97%. FedEx’s payout ratio is 35.18%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FDX. Loop Capital upgraded FedEx from a “hold” rating to a “buy” rating and increased their price target for the company from $288.00 to $365.00 in a research note on Friday, December 20th. Morgan Stanley downgraded FedEx from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $215.00 to $200.00 in a research report on Friday, September 20th. Stephens reduced their price target on FedEx from $350.00 to $345.00 and set an “overweight” rating on the stock in a report on Friday, December 20th. Daiwa America lowered shares of FedEx from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, Evercore ISI reduced their target price on shares of FedEx from $335.00 to $318.00 and set an “outperform” rating on the stock in a report on Friday, September 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $324.88.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FDX. Geode Capital Management LLC raised its holdings in shares of FedEx by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,689,791 shares of the shipping service provider’s stock worth $1,281,335,000 after acquiring an additional 67,502 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of FedEx by 8.6% in the third quarter. Franklin Resources Inc. now owns 3,975,531 shares of the shipping service provider’s stock worth $1,042,050,000 after purchasing an additional 314,380 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of FedEx by 34.6% in the second quarter. Ameriprise Financial Inc. now owns 2,248,137 shares of the shipping service provider’s stock valued at $674,336,000 after purchasing an additional 578,350 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of FedEx by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,182,504 shares of the shipping service provider’s stock valued at $654,312,000 after buying an additional 121,240 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in FedEx by 0.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,699,179 shares of the shipping service provider’s stock worth $465,031,000 after buying an additional 11,100 shares in 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.