Susan Patricia Griffith Purchases 1,000 Shares of FedEx Co. (FDX) Stock
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.
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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