FedEx (NYSE:FDX) Shares Gap Down to $158.03

FedEx Co. (NYSE:FDX) shares gapped down prior to trading on Tuesday . The stock had previously closed at $161.84, but opened at $158.03. FedEx shares last traded at $151.14, with a volume of 3,803,799 shares traded.

A number of equities analysts have recently issued reports on FDX shares. ValuEngine downgraded shares of FedEx from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Oppenheimer lowered their target price on FedEx from $176.00 to $167.00 and set an “outperform” rating for the company in a report on Wednesday, September 18th. Credit Suisse Group dropped their target price on FedEx from $175.00 to $168.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 18th. Deutsche Bank upgraded FedEx from a “hold” rating to a “buy” rating in a report on Wednesday, September 18th. Finally, Edward Jones lowered FedEx from a “buy” rating to a “hold” rating in a research report on Wednesday, September 18th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $170.40.

The company has a 50-day moving average of $157.09 and a 200-day moving average of $158.98. The company has a current ratio of 1.31, a quick ratio of 1.25 and a debt-to-equity ratio of 1.70. The company has a market capitalization of $40.15 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 1.10 and a beta of 1.71.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, September 17th. The shipping service provider reported $3.05 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.12). FedEx had a return on equity of 21.15% and a net margin of 0.65%. The business had revenue of $17.05 billion during the quarter, compared to analyst estimates of $17.05 billion. During the same period in the prior year, the business posted $3.46 EPS. FedEx’s revenue was up .0% compared to the same quarter last year. On average, research analysts expect that FedEx Co. will post 12.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 9th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Friday, December 6th. FedEx’s payout ratio is currently 16.75%.

In other news, Director John A. Edwardson bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The shares were purchased at an average cost of $151.75 per share, with a total value of $758,750.00. Following the transaction, the director now directly owns 62,966 shares in the company, valued at $9,555,090.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director R Brad Martin bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average cost of $145.00 per share, for a total transaction of $145,000.00. Following the completion of the transaction, the director now owns 49,046 shares in the company, valued at $7,111,670. The disclosure for this purchase can be found here. Company insiders own 8.44% of the company’s stock.

A number of institutional investors have recently bought and sold shares of FDX. CX Institutional purchased a new stake in FedEx in the third quarter valued at approximately $29,000. Accurate Investment Solutions Inc. raised its position in FedEx by 125.0% during the 3rd quarter. Accurate Investment Solutions Inc. now owns 225 shares of the shipping service provider’s stock worth $33,000 after buying an additional 125 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in FedEx during the 3rd quarter worth approximately $33,000. First PREMIER Bank acquired a new stake in FedEx during the 3rd quarter valued at approximately $36,000. Finally, Sumitomo Mitsui Financial Group Inc. acquired a new stake in FedEx during the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 70.64% of the company’s stock.

About FedEx (NYSE:FDX)

FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company's FedEx Express segment offers shipping services for delivery of packages and freight. Its FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages.

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