Fedex Corp (NYSE: FDX) is -2.46% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FDX stock was last observed hovering at around $274.28 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $274.41, the stock is -1.35% and -3.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing 0.05% at the moment leaves the stock -1.01% off its SMA200. FDX registered 10.81% gain for a year compared to 6-month loss of -6.66%. The firm has a 50-day simple moving average (SMA 50) of $282.991 and a 200-day simple moving average (SMA200) of $277.19635.
The stock witnessed a -2.98% gain in the last 1 month and extending the period to 3 months gives it a 4.70%, and is -1.53% 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 2.08% over the week and 2.40% over the month.
Fedex Corp (FDX) has around 430000 employees, a market worth around $66.12B and $87.39B in sales. Current P/E ratio is 17.49 and Fwd P/E is 12.11. Profit margin for the company is 4.44%. Distance from 52-week low is 17.04% and -12.56% from its 52-week high. The company has generated returns on investments over the last 12 months (6.41%).
with sales reaching $21.94B over the same period.The EPS is expected to grow by 8.28% this year, but quarterly earnings will post 0.11% year-over-year. Quarterly sales are estimated to grow 0.91% in year-over-year returns.
Fedex Corp (FDX) Top Institutional Holders
2177.0 institutions hold shares in Fedex Corp (FDX), with institutional investors hold 86.03% of the company’s shares. The shares outstanding are 240.85M, and float is at 220.42M with Short Float at 1.60%. Institutions hold 78.96% 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 purchase by LANE AMY B, the company’s Director. SEC filings show that LANE AMY B bought 333 shares of the company’s common stock on Dec 26 ’24 at a price of $276.06 per share for a total of $91929.0. Following the purchase, the insider now owns 333.0 shares.
Fedex Corp disclosed in a document filed with the SEC on Jul 18 ’24 that Carere Brie (EVP/Chief Customer Officer) sold a total of 1,958 shares of the company’s common stock. The trade occurred on Jul 18 ’24 and was made at $310.43 per share for $0.61 million. Following the transaction, the insider now directly holds 19937.0 shares of the FDX stock.
Still, SEC filings show that on Jul 17 ’24, Krishnasamy Sriram (EVP CDI Off & CTO/CEO FDW) disposed off 8,421 shares at an average price of $310.14 for $2.61 million. The insider now directly holds 12,246 shares of Fedex Corp (FDX).
