Fedex Corp (NYSE: FDX) is 6.85% 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 $276.37 in the last trading session, with the day’s loss setting it -6.07%.
Currently trading at $270.30, the stock is -0.28% and 6.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.59 million and changing -2.20% at the moment leaves the stock 5.92% off its SMA200. FDX registered 16.71% gain for a year compared to 6-month loss of 5.70%. The firm has a 50-day simple moving average (SMA 50) of $1.12 and a 200-day simple moving average (SMA200) of $8.88.
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The stock witnessed a 6.96% gain in the last 1 month and extending the period to 3 months gives it a 9.32%, and is -2.94% down 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 1.61% over the week and 1.85% over the month.
Fedex Corp (FDX) has around 536000 employees, a market worth around $66.52B and $87.51B in sales. Current P/E ratio is 15.58 and Fwd P/E is 12.69. Profit margin for the company is 5.02%. Distance from 52-week low is 26.42% and -7.20% 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 $22.07B over the same period.The EPS is expected to grow by 18.78% this year, but quarterly earnings will post -2.70% year-over-year. Quarterly sales are estimated to grow 0.60% in year-over-year returns.
2,168 institutions hold shares in Fedex Corp (FDX), with institutional investors hold 85.67% of the company’s shares. The shares outstanding are 251.19M, and float is at 225.66M with Short Float at 1.52%. Institutions hold 78.72% 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 SMITH FREDERICK W, the company’s Executive Chairman. SEC filings show that SMITH FREDERICK W sold 113,400 shares of the company’s common stock on Apr 09 ’24 at a price of $274.30 per share for a total of $31.11 million. Following the sale, the insider now owns 14.51 million shares.
Fedex Corp disclosed in a document filed with the SEC on Apr 08 ’24 that Brightman Tracy B (EVP – Chief People Officer) sold a total of 2,550 shares of the company’s common stock. The trade occurred on Apr 08 ’24 and was made at $275.69 per share for $0.7 million. Following the transaction, the insider now directly holds 6294.0 shares of the FDX stock.
Still, SEC filings show that on Apr 05 ’24, Subramaniam Rajesh (President/CEO) disposed off 18,384 shares at an average price of $274.55 for $5.05 million. The insider now directly holds 55,487 shares of Fedex Corp (FDX).
