Fedex Corp (NYSE: FDX) is 16.40% higher on its value in year-to-date trading and has touched a low of $234.45 and a high of $313.84 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 $292.29 in the last trading session, with the day’s gains setting it 2.17%.
Currently trading at $294.46, the stock is 5.61% and 6.92% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing 0.74% at the moment leaves the stock 8.69% off its SMA200. FDX registered 14.39% gain for a year compared to 6-month gain of 14.46%. The firm has a 50-day simple moving average (SMA 50) of $275.3896 and a 200-day simple moving average (SMA200) of $270.9062.
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The stock witnessed a 7.37% loss in the last 1 month and extending the period to 3 months gives it a 2.09%, and is 2.86% 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 1.78% over the week and 1.82% over the month.
Fedex Corp (FDX) has around 430000 employees, a market worth around $72.48B and $87.59B in sales. Current P/E ratio is 18.17 and Fwd P/E is 12.73. Profit margin for the company is 4.61%. Distance from 52-week low is 25.60% and -6.18% from its 52-week high. The company has generated returns on investments over the last 12 months (6.54%).
with sales reaching $22.17B over the same period.The EPS is expected to grow by 11.53% this year, but quarterly earnings will post 1.01% year-over-year. Quarterly sales are estimated to grow 0.03% in year-over-year returns.
Fedex Corp (FDX) Top Institutional Holders
2170.0 institutions hold shares in Fedex Corp (FDX), with institutional investors hold 86.52% of the company’s shares. The shares outstanding are 244.30M, and float is at 223.49M with Short Float at 1.86%. Institutions hold 79.42% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.85 million shares valued at $5.95 billion. The investor’s holdings represent 8.0383% of the FDX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.86 million shares valued at $4.45 billion to account for 6.0147 of the shares outstanding. The other top investors are DODGE & COX which holds 13.39 million shares representing 5.4229% and valued at over $4.02 billion, while PRIMECAP MANAGEMENT CO/CA/ holds 5.1779 of the shares totaling 12.79 million with a market value of $3.83 billion.
Fedex Corp (FDX) Insider Activity
The most recent transaction is an insider sale by Carere Brie, the company’s EVP/Chief Customer Officer. SEC filings show that Carere Brie sold 1,958 shares of the company’s common stock on Jul 18 ’24 at a price of $310.43 per share for a total of $0.61 million. Following the sale, the insider now owns 19937.0 shares.
Fedex Corp disclosed in a document filed with the SEC on Jul 17 ’24 that Krishnasamy Sriram (EVP CDI Off & CTO/CEO FDW) sold a total of 8,421 shares of the company’s common stock. The trade occurred on Jul 17 ’24 and was made at $310.14 per share for $2.61 million. Following the transaction, the insider now directly holds 12246.0 shares of the FDX stock.
Still, SEC filings show that on Jul 11 ’24, Ellison Marvin R (Director) disposed off 2,535 shares at an average price of $299.34 for $0.76 million. The insider now directly holds 6,955 shares of Fedex Corp (FDX).
