Traders Sell Shares of FedEx (FDX) on Strength (FDX)

Traders sold shares of FedEx (NYSE:FDX) on strength during trading hours on Wednesday. $62.64 million flowed into the stock on the tick-up and $90.21 million flowed out of the stock on the tick-down, for a money net flow of $27.57 million out of the stock. Of all stocks tracked, FedEx had the 19th highest net out-flow for the day. FedEx traded up $1.34 for the day and closed at $246.90

A number of research firms have commented on FDX. Bank of America restated a “buy” rating and issued a $315.00 target price on shares of FedEx in a research report on Friday, January 12th. Stifel Nicolaus upgraded FedEx from a “hold” rating to a “buy” rating and lifted their target price for the company from $284.00 to $295.00 in a research report on Wednesday, March 21st. Zacks Investment Research downgraded FedEx from a “buy” rating to a “hold” rating in a research report on Friday, March 23rd. Stephens set a $306.00 target price on FedEx and gave the company a “buy” rating in a research report on Wednesday, March 21st. Finally, Robert W. Baird lifted their target price on FedEx from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Thursday, March 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-two have assigned a buy rating to the stock. FedEx currently has an average rating of “Buy” and a consensus target price of $281.51.

The company has a market capitalization of $66,656.29, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 1.29 and a beta of 1.38. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.43 and a quick ratio of 1.37.



FedEx (NYSE:FDX) last released its earnings results on Tuesday, March 20th. The shipping service provider reported $3.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.11 by $0.61. FedEx had a return on equity of 21.65% and a net margin of 6.99%. The firm had revenue of $16.53 billion during the quarter, compared to analysts’ expectations of $16.17 billion. During the same period in the previous year, the firm posted $2.35 EPS. FedEx’s revenue for the quarter was up 10.2% on a year-over-year basis. research analysts anticipate that FedEx will post 15.14 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Monday, March 12th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, March 9th. This represents a $2.00 annualized dividend and a yield of 0.81%. FedEx’s payout ratio is 16.26%.

In related news, Director Paul S. Walsh sold 4,400 shares of the business’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $255.00, for a total transaction of $1,122,000.00. Following the completion of the transaction, the director now directly owns 14,400 shares of the company’s stock, valued at approximately $3,672,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick W. Smith sold 124,000 shares of the business’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $255.99, for a total value of $31,742,760.00. Following the transaction, the chief executive officer now directly owns 14,864,465 shares of the company’s stock, valued at $3,805,154,395.35. The disclosure for this sale can be found here. Insiders own 8.45% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDX. Cerebellum GP LLC acquired a new position in shares of FedEx during the 4th quarter worth about $125,000. Pinnacle Wealth Planning Services Inc. acquired a new position in shares of FedEx during the 4th quarter worth about $144,000. We Are One Seven LLC acquired a new position in shares of FedEx during the 4th quarter worth about $148,000. Noesis Capital Mangement Corp acquired a new position in shares of FedEx during the 4th quarter worth about $202,000. Finally, ProVise Management Group LLC acquired a new position in shares of FedEx during the 4th quarter worth about $206,000. 74.63% of the stock is owned by hedge funds and other institutional investors.

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FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports.

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