FedEx Co. (NYSE:FDX - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $204.33 and last traded at $210.34, with a volume of 1278359 shares trading hands. The stock had previously closed at $209.85.
Analyst Ratings Changes
FDX has been the topic of a number of research analyst reports. UBS Group cut their price objective on shares of FedEx from $350.00 to $331.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Citigroup decreased their price objective on shares of FedEx from $305.00 to $267.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft began coverage on FedEx in a report on Friday, March 7th. They issued a "buy" rating and a $337.00 target price for the company. Piper Sandler downgraded FedEx to a "neutral" rating in a research note on Monday, February 3rd. Finally, Bank of America reduced their price objective on FedEx from $295.00 to $272.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $297.71.
View Our Latest Stock Report on FDX
FedEx Stock Performance
The stock's 50 day moving average price is $228.72 and its two-hundred day moving average price is $260.00. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $52.63 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 1.11 and a beta of 1.24.
FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing analysts' consensus estimates of $4.56 by ($0.05). The firm had revenue of $22.16 billion during the quarter, compared to analyst estimates of $21.96 billion. FedEx had a return on equity of 15.59% and a net margin of 4.45%. The business's revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.86 EPS. On average, analysts forecast that FedEx Co. will post 19.14 EPS for the current year.
FedEx Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 10th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Monday, March 10th. FedEx's dividend payout ratio (DPR) is presently 34.63%.
Insider Activity at FedEx
In other news, COO John Alan Smith sold 6,155 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $243.55, for a total transaction of $1,499,050.25. Following the completion of the transaction, the chief operating officer now directly owns 23,347 shares of the company's stock, valued at $5,686,161.85. This trade represents a 20.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.87% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On FedEx
Large investors have recently bought and sold shares of the stock. Fortitude Family Office LLC increased its position in FedEx by 144.4% during the 4th 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 in the last quarter. Transce3nd LLC acquired a new stake in shares of FedEx during the 4th quarter worth about $26,000. Peoples Financial Services CORP. purchased a new stake in shares of FedEx during the fourth quarter worth about $28,000. City Holding Co. acquired a new stake in FedEx during the fourth quarter worth approximately $28,000. Finally, Kentucky Trust Co purchased a new stake in FedEx in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 84.47% of the company's stock.
About FedEx
(
Get Free Report)
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.
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