FedEx (NYSE:FDX) Shares Up 0.9% – Should You Buy?

FedEx Co. (NYSE:FDX) shares traded up 0.9% during mid-day trading on Monday . The company traded as high as $266.83 and last traded at $266.82. Approximately 145,645 shares were traded during mid-day trading, a decline of 92% from the average session volume of 1,853,643 shares. The stock had previously closed at $264.36.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FDX. Hsbc Global Res lowered FedEx from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 20th. UBS Group reduced their target price on shares of FedEx from $333.00 to $311.00 and set a “buy” rating on the stock in a report on Friday, September 20th. Bernstein Bank raised their price target on shares of FedEx from $305.00 to $337.00 and gave the company an “overweight” rating in a research note on Friday, September 20th. Argus boosted their price objective on shares of FedEx from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Finally, Daiwa America lowered FedEx from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus price target of $314.17.

FedEx Trading Up 2.3 %

The company has a market capitalization of $66.91 billion, a P/E ratio of 15.79, a PEG ratio of 1.06 and a beta of 1.17. The business has a fifty day moving average of $280.37 and a 200-day moving average of $275.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.24 and a current ratio of 1.28.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, September 19th. The shipping service provider reported $3.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.82 by ($1.22). FedEx had a net margin of 4.62% and a return on equity of 15.61%. The business had revenue of $21.58 billion for the quarter, compared to analyst estimates of $21.87 billion. During the same quarter in the prior year, the business earned $4.55 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Analysts anticipate that FedEx Co. will post 19.6 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Monday, September 9th were issued a $1.38 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.03%. FedEx’s dividend payout ratio is presently 32.04%.

Insider Buying and Selling

In other FedEx news, EVP Brie Carere sold 1,958 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total transaction of $607,821.94. Following the transaction, the executive vice president now directly owns 19,937 shares in the company, valued at approximately $6,189,042.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FedEx

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Beech Hill Advisors Inc. boosted its position in FedEx by 1.4% in the third quarter. Beech Hill Advisors Inc. now owns 7,045 shares of the shipping service provider’s stock worth $1,928,000 after purchasing an additional 100 shares during the last quarter. Bfsg LLC boosted its holdings in shares of FedEx by 34.2% in the 3rd quarter. Bfsg LLC now owns 1,025 shares of the shipping service provider’s stock worth $281,000 after buying an additional 261 shares during the last quarter. Vontobel Holding Ltd. grew its position in FedEx by 1.8% during the third quarter. Vontobel Holding Ltd. now owns 28,799 shares of the shipping service provider’s stock valued at $7,882,000 after buying an additional 511 shares during the period. Leisure Capital Management increased its holdings in FedEx by 1.4% during the third quarter. Leisure Capital Management now owns 3,921 shares of the shipping service provider’s stock worth $1,073,000 after buying an additional 56 shares during the last quarter. Finally, Sumitomo Life Insurance Co. raised its position in FedEx by 4.3% in the third quarter. Sumitomo Life Insurance Co. now owns 2,901 shares of the shipping service provider’s stock worth $794,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Company Profile

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.