FedEx (NYSE:FDX) Sees Large Volume Increase

FedEx Co. (NYSE:FDXGet Rating) saw unusually-high trading volume on Monday . Approximately 66,400 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 2,489,596 shares.The stock last traded at $163.52 and had previously closed at $161.02.

Analysts Set New Price Targets

FDX has been the subject of a number of research analyst reports. Berenberg Bank set a $200.00 target price on FedEx in a report on Tuesday. Morgan Stanley reduced their target price on FedEx from $255.00 to $250.00 in a report on Wednesday, September 7th. Deutsche Bank Aktiengesellschaft set a $320.00 price objective on FedEx in a report on Monday. JPMorgan Chase & Co. lowered FedEx from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $258.00 to $214.00 in a report on Friday, September 16th. Finally, Bank of America lowered FedEx from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $275.00 to $186.00 in a report on Friday, September 16th. Eleven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $238.30.

FedEx Trading Down 3.4 %

The company has a market capitalization of $40.91 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 0.58 and a beta of 1.21. The company has a 50-day moving average price of $219.92 and a 200-day moving average price of $217.63. The company has a quick ratio of 1.38, a current ratio of 1.43 and a debt-to-equity ratio of 0.81.

FedEx (NYSE:FDXGet Rating) last released its earnings results on Thursday, June 23rd. The shipping service provider reported $6.87 earnings per share for the quarter, missing analysts’ consensus estimates of $6.91 by ($0.04). FedEx had a return on equity of 22.29% and a net margin of 4.09%. The firm had revenue of $24.39 billion for the quarter, compared to analyst estimates of $24.28 billion. During the same period last year, the business earned $5.01 earnings per share. Research analysts predict that FedEx Co. will post 23 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Friday, September 2nd will be given a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date is Thursday, September 1st. FedEx’s dividend payout ratio (DPR) is presently 32.17%.

Insider Buying and Selling

In other FedEx news, EVP Brie Carere sold 11,235 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $228.85, for a total transaction of $2,571,129.75. Following the completion of the transaction, the executive vice president now owns 16,366 shares in the company, valued at $3,745,359.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other FedEx news, EVP Brie Carere sold 11,235 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $228.85, for a total transaction of $2,571,129.75. Following the completion of the transaction, the executive vice president now owns 16,366 shares in the company, valued at $3,745,359.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert B. Carter sold 12,310 shares of the firm’s stock in a transaction dated Friday, July 8th. The stock was sold at an average price of $230.61, for a total transaction of $2,838,809.10. Following the transaction, the executive vice president now owns 54,916 shares of the company’s stock, valued at approximately $12,664,178.76. The disclosure for this sale can be found here. Insiders have sold a total of 48,810 shares of company stock valued at $11,199,898 over the last three months. 8.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Activest Wealth Management raised its stake in shares of FedEx by 121.6% in the second quarter. Activest Wealth Management now owns 113 shares of the shipping service provider’s stock valued at $26,000 after acquiring an additional 62 shares during the last quarter. Holloway Wealth Management LLC bought a new position in shares of FedEx in the first quarter valued at approximately $29,000. American National Bank raised its stake in shares of FedEx by 206.7% in the second quarter. American National Bank now owns 138 shares of the shipping service provider’s stock valued at $31,000 after acquiring an additional 93 shares during the last quarter. Byrne Asset Management LLC bought a new position in shares of FedEx in the fourth quarter valued at approximately $36,000. Finally, Rockbridge Investment Management LCC increased its holdings in shares of FedEx by 344.1% in the fourth quarter. Rockbridge Investment Management LCC now owns 151 shares of the shipping service provider’s stock valued at $39,000 after purchasing an additional 117 shares in the last quarter. Institutional investors own 71.62% of the company’s stock.

FedEx Company Profile

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FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company's FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions.

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