FedEx (NYSE:FDX) Shares Down 6% – Time to Sell?

FedEx Co. (NYSE:FDX) was down 6% on Friday . The company traded as low as $251.31 and last traded at $252.43. Approximately 770,358 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 1,584,499 shares. The stock had previously closed at $268.46.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FDX shares. BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a research report on Thursday, January 16th. Stifel Nicolaus lowered their price objective on shares of FedEx from $368.00 to $364.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. BMO Capital Markets boosted their price objective on shares of FedEx from $300.00 to $330.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. Finally, Sanford C. Bernstein downgraded shares of FedEx from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $337.00 to $316.00 in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $321.87.

FedEx Trading Down 5.4 %

The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.73. The company has a market cap of $61.17 billion, a P/E ratio of 16.19, a PEG ratio of 1.11 and a beta of 1.18. The firm’s 50 day moving average is $270.75 and its two-hundred day moving average is $278.13.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 19th. The shipping service provider reported $4.05 earnings per share for the quarter, topping the consensus estimate of $3.88 by $0.17. FedEx had a net margin of 4.45% and a return on equity of 15.59%. The company had revenue of $22 billion for the quarter, compared to analysts’ expectations of $22.14 billion. During the same quarter in the previous year, the firm posted $3.99 earnings per share. FedEx’s revenue for the quarter was down .7% on a year-over-year basis. As a group, equities research analysts anticipate that FedEx Co. will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Monday, March 10th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.52 dividend on an annualized basis and a yield of 2.17%. FedEx’s dividend payout ratio (DPR) is currently 35.18%.

Insider Buying and Selling at FedEx

In other news, Director Amy B. Lane purchased 333 shares of the business’s stock in a transaction on Thursday, December 26th. The shares were acquired at an average price of $276.06 per share, with a total value of $91,927.98. Following the completion of the transaction, the director now owns 333 shares of the company’s stock, valued at $91,927.98. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Richard W. Smith sold 2,576 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $276.93, for a total transaction of $713,371.68. Following the sale, the chief executive officer now directly owns 111,886 shares in the company, valued at $30,984,589.98. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.87% of the company’s stock.

Hedge Funds Weigh In On FedEx

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ascent Group LLC boosted its position in shares of FedEx by 7.2% during the 4th quarter. Ascent Group LLC now owns 6,419 shares of the shipping service provider’s stock worth $1,806,000 after purchasing an additional 431 shares in the last quarter. Putney Financial Group LLC bought a new position in shares of FedEx during the 4th quarter worth about $90,000. Perennial Advisors LLC bought a new position in shares of FedEx during the 4th quarter worth about $7,331,000. Forum Financial Management LP boosted its position in shares of FedEx by 28.3% during the 4th quarter. Forum Financial Management LP now owns 3,435 shares of the shipping service provider’s stock worth $967,000 after purchasing an additional 758 shares in the last quarter. Finally, Toronto Dominion Bank boosted its position in shares of FedEx by 56.7% during the 4th quarter. Toronto Dominion Bank now owns 131,302 shares of the shipping service provider’s stock worth $36,939,000 after purchasing an additional 47,491 shares in the last quarter. 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.