FedEx Co. (NYSE:FDX) Director Susan Patricia Griffith bought 1,000 shares of the stock in a transaction dated Wednesday, October 17th. The shares were bought at an average price of $225.16 per share, for a total transaction of $225,160.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of FDX stock traded down $6.17 during trading on Thursday, hitting $217.29. 1,906,200 shares of the stock traded hands, compared to its average volume of 1,720,164. The firm has a market cap of $63.45 billion, a PE ratio of 14.50, a PEG ratio of 1.09 and a beta of 1.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.26 and a current ratio of 1.32. FedEx Co. has a 52-week low of $214.17 and a 52-week high of $274.66.

FedEx (NYSE:FDX) last released its quarterly earnings results on Monday, September 17th. The shipping service provider reported $3.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.78 by ($0.32). The firm had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.88 billion. FedEx had a net margin of 7.16% and a return on equity of 23.71%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.65 EPS. Equities research analysts predict that FedEx Co. will post 17.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Stockholders of record on Monday, September 10th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Friday, September 7th. FedEx’s payout ratio is presently 16.98%.

Several research analysts have recently weighed in on FDX shares. Credit Suisse Group boosted their target price on FedEx from $306.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, June 20th. Morgan Stanley lowered their target price on FedEx from $248.00 to $245.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 20th. Zacks Investment Research cut FedEx from a “buy” rating to a “hold” rating in a report on Thursday, June 21st. Loop Capital lowered their target price on FedEx to $310.00 and set a “buy” rating on the stock in a report on Thursday, June 21st. Finally, UBS Group cut FedEx from a “buy” rating to a “neutral” rating and set a $256.00 target price on the stock. in a report on Monday, July 16th. Three equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. FedEx currently has an average rating of “Buy” and an average target price of $285.27.

Several hedge funds have recently added to or reduced their stakes in the company. Vigilant Capital Management LLC purchased a new stake in FedEx in the second quarter valued at approximately $114,000. Lenox Wealth Advisors LLC purchased a new stake in FedEx in the third quarter valued at approximately $120,000. Fortis Advisors LLC raised its position in FedEx by 278.2% in the second quarter. Fortis Advisors LLC now owns 503 shares of the shipping service provider’s stock valued at $115,000 after purchasing an additional 370 shares during the period. TRUE Private Wealth Advisors purchased a new stake in FedEx in the third quarter valued at approximately $134,000. Finally, Qube Research & Technologies Ltd purchased a new stake in FedEx in the second quarter valued at approximately $129,000. 72.77% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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Insider Buying and Selling by Quarter for FedEx (NYSE:FDX)

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