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Fedex Corp (FDX) Looks Ready for Growth Despite 14.54% Change This Year

Fedex Corp (NYSE: FDX) is 14.54% higher on its value in year-to-date trading and has touched a low of $213.80 and a high of $291.27 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FDX stock was last observed hovering at around $287.88 in the last trading session, with the day’s gains setting it 1.86%.

Currently trading at $289.74, the stock is 11.72% and 16.01% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.64 million and changing 0.65% at the moment leaves the stock 14.39% off its SMA200. FDX registered 31.44% gain for a year compared to 6-month loss of 10.29%. The firm has a 50-day simple moving average (SMA 50) of $1.18 and a 200-day simple moving average (SMA200) of $9.31.

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The stock witnessed a 18.57% gain in the last 1 month and extending the period to 3 months gives it a 15.46%, and is 9.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.33% over the week and 1.76% over the month.

Fedex Corp (FDX) has around 536000 employees, a market worth around $71.30B and $87.51B in sales. Current P/E ratio is 16.70 and Fwd P/E is 13.57. Profit margin for the company is 5.02%. Distance from 52-week low is 35.52% and -0.53% from its 52-week high. The company has generated returns on investments over the last 12 months (7.15%).

Fedex Corp quarterly earnings per share for the current quarter are estimated at $5.34 with sales reaching $22.09B over the same period.The EPS is expected to grow by 18.66% this year, but quarterly earnings will post -2.70% year-over-year. Quarterly sales are estimated to grow 0.70% in year-over-year returns.

Fedex Corp (FDX) Top Institutional Holders

2,179 institutions hold shares in Fedex Corp (FDX), with institutional investors hold 85.70% of the company’s shares. The shares outstanding are 251.19M, and float is at 225.66M with Short Float at 1.49%. Institutions hold 78.74% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 18.67 million shares valued at $4.63 billion. The investor’s holdings represent 7.43% of the FDX Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 16.16 million shares valued at $4.0 billion to account for 6.43% of the shares outstanding. The other top investors are Dodge & Cox Inc which holds 14.85 million shares representing 5.91% and valued at over $3.68 billion, while Primecap Management Company holds 5.24% of the shares totaling 13.18 million with a market value of $3.27 billion.

Fedex Corp (FDX) Insider Activity

The most recent transaction is an insider sale by Allen Mark R,the company’sEVP GENL COUNSEL/SECTY. SEC filings show that Allen Mark R sold 10,145 shares of the company’s common stock on Mar 28 ’24 at a price of $287.28 per share for a total of $2.91 million. Following the sale, the insider now owns 36853.0 shares.

Fedex Corp disclosed in a document filed with the SEC on Mar 28 ’24 that MARTIN R BRAD (Director) sold a total of 1,412 shares of the company’s common stock. The trade occurred on Mar 28 ’24 and was made at $288.30 per share for $0.41 million. Following the transaction, the insider now directly holds 6409.0 shares of the FDX stock.

Still, SEC filings show that on Mar 28 ’24, Krishnasamy Sriram (EVP – CTO & CEO Dataworks) disposed off 354 shares at an average price of $289.19 for $0.1 million. The insider now directly holds 11,147 shares of Fedex Corp (FDX).

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