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FedEx Corporation (NYSE:FDX)'s founder and CEO has taken a vocal stance
20 March 2017, 08:51 | Kelvin Horton
They issued a "buy" rating on the stock.
A number of research firms have recently commented on FDX. Oppenheimer Holdings Inc. restated an "outperform" rating and issued a $210.00 target price (up previously from $184.00) on shares of FedEx in a report on Wednesday, December 14th.
FedEx (NYSE:FDX) has insider ownership of 8.67% and institutional ownership of 75.22%. The mean PT for this stock is at $210.73 while the max. level suggested by the brokerage firms is $240.00 and min. PT is $135.00. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Zacks Investment Research upgraded FedEx from a "sell" rating to a "hold" rating in a report on Friday, March 10th. The stock was sold at an average price of $191.22, for a total value of $6,612,387.60. The company's outstanding shares are 1.21 Billion. (NYSE:FDX) by 41.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
In other news, CEO David J. Bronczek sold 36,529 shares of the business's stock in a transaction on Thursday, December 22nd. While it's Return on Investment (ROI) value is 7.8%. AQR Capital Management LLC now owns 304,773 shares of the shipping service provider's stock worth $56,749,000 after buying an additional 33,483 shares in the last quarter. The disclosure for this sale can be found here.
Investors will be watching Federal Express' (FDX) operating expenses, and any word about the assimilation oof recently-acquired TNT Express when the company reports its 2017 fiscal third quarter financial results on Tuesday.
Guggenheim Capital LLC increased its position in shares of FedEx Co. Creative Planning increased its stake in FedEx by 10.3% in the third quarter. Kelman Lazarov Inc. now owns 28,671 shares of the shipping service provider's stock worth $4,977,000 after buying an additional 373 shares during the last quarter. Finally, Ancora Advisors LLC bought a new position in FedEx during the fourth quarter worth $157,000. Coconut Grove Bank now owns 758 shares of the shipping service provider's stock valued at $133,000 after buying an additional 16 shares during the last quarter. The firm owned 2,535 shares of the shipping service provider's stock after selling 29 shares during the period. Principal Financial Group Inc. boosted its stake in shares of FedEx by 1.6% in the third quarter. The stock has a quick ratio of 1.50 and a current ratio of 1.50.
FedEx (NYSE:FDX) pays an annual dividend of $1.60 with a yield of 0.82% and an average dividend growth of 43.50% based on a 3 Year Average. The Company has 52-week high of $201.57 and 52-week low of $145. The company had Year Ago Sales of 12.65 Billion. Company's distance from 20 day simple moving average is 0.75% and distance from 50-Day simple moving average is 2.11%.
FedEx ( FDX ) is scheduled to release its earnings for the fiscal third quarter on March 21. The shipping service provider reported $2.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.90 by $0.10. The business's revenue for the quarter was up 19.2% compared to the same quarter past year. FedEx Corporation Air Delivery & Freight Services has a PEG of 2.52 alongside a PS value of 0.94 and a PB value of 3.56.
On 8/19/2016 FedEx announced a quarterly dividend of $0.40 0.95% with an ex dividend date of 9/8/2016 which will be payable on 10/3/2016. During the same period past year, the firm earned $2.58 EPS. On average, analysts predict that FedEx Co. will post $12.01 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Shareholders of record on Monday, March 13th will be issued a dividend of $0.40 per share. Shareholders who purchased POOL prior to the ex-dividend date are eligible for the cash dividend payment. For the Most Recent Fiscal Year, FedEx Corporation has a price to cash ratio of 9.29.
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