John W. Dietrich Buys 1,000 Shares of FedEx Co. (NYSE:FDX) Stock

FedEx Co. (NYSE:FDX) EVP John W. Dietrich purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was bought at an average price of $273.98 per share, with a total value of $273,980.00. Following the transaction, the executive vice president now owns 9,067 shares of the company’s stock, valued at $2,484,176.66. This represents a 12.40 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

FedEx Stock Performance

Shares of NYSE:FDX opened at $270.59 on Friday. The company has a market capitalization of $65.17 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. FedEx Co. has a 52 week low of $234.45 and a 52 week high of $313.84. The company has a quick ratio of 1.24, a current ratio of 1.28 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $283.78 and a 200 day moving average of $284.50.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.17. The company had revenue of $22 billion during the quarter, compared to the consensus estimate of $22.14 billion. FedEx had a net margin of 4.62% and a return on equity of 15.61%. FedEx’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.99 earnings per share. On average, sell-side analysts predict that FedEx Co. will post 19.59 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Monday, December 9th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.04%. The ex-dividend date was Monday, December 9th. FedEx’s dividend payout ratio is currently 35.18%.

Analysts Set New Price Targets

FDX has been the subject of several recent research reports. Barclays lifted their price target on FedEx from $350.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. TD Cowen boosted their target price on FedEx from $328.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, December 20th. BMO Capital Markets boosted their target price on FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Bank of America boosted their target price on FedEx from $325.00 to $348.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Sanford C. Bernstein lowered FedEx from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $325.61.

Hedge Funds Weigh In On FedEx

Several institutional investors and hedge funds have recently bought and sold shares of the company. Sage Capital Advisors llc grew its holdings in FedEx by 1.6% in the fourth quarter. Sage Capital Advisors llc now owns 14,391 shares of the shipping service provider’s stock worth $4,049,000 after purchasing an additional 222 shares during the last quarter. ST Germain D J Co. Inc. grew its holdings in FedEx by 37.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 456 shares of the shipping service provider’s stock worth $128,000 after purchasing an additional 125 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in FedEx by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 45,241 shares of the shipping service provider’s stock worth $12,382,000 after purchasing an additional 140 shares during the last quarter. Fortitude Family Office LLC grew its holdings in FedEx by 144.4% in the fourth quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after purchasing an additional 52 shares during the last quarter. Finally, First Hawaiian Bank grew its holdings in shares of FedEx by 5.5% during the fourth quarter. First Hawaiian Bank now owns 15,143 shares of the shipping service provider’s stock valued at $4,260,000 after buying an additional 786 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other 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.