Fedex Corp (FDX): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NYSE-listed company operates within the Integrated Freight & Logistics industry segment, falling under the Industrials sector. The current market capitalization of Fedex Corp is $74.83B. A total of 1.28 million shares were traded on the day, compared to an average of 1.75M shares.

In the most recent transaction, Carere Brie sold 1,958 shares of FDX for 310.43 per share on Jul 18 ’24. After the transaction, the EVP/Chief Customer Officer now owns 19,937 company shares. In a previous transaction on Jul 17 ’24, Krishnasamy Sriram sold 8,421 shares at 310.14 per share. FDX shares that EVP CDI Off & CTO/CEO FDW owns now total 12,246.

Among the insiders who sold shares, Ellison Marvin R disposed of 2,535 shares on Jul 11 ’24 at a per-share price of $299.34. This resulted in the Director holding 6,955 shares of FDX after the transaction. In another insider transaction, Erwin Guy M II sold 116 shares at $299.24 per share on Jul 03 ’24. Company shares held by the CVP Chief Accounting Officer now total 930.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Fedex Corp pays an annual dividend of $5.16, resulting in a dividend yield of 1.68%, and it has a price to earnings (P/E) ratio of 17.77. FDX’s most recent ex-dividend date was 6/24/2024 when it declared a $1.38 quarterly dividend that was paid in cash on 7/9/2024. Previously, the company paid the dividend on 4/1/2024 with an ex-dividend date of 3/8/2024. The FDX stock dividend was $1.26 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, FDX has a high of $313.84 and a low of $224.69.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. FDX’s latest balance sheet shows that the firm has $6.90B in Cash & Short Term Investments as of fiscal 2022. There were $37.19B in debt and $14.27B in liabilities at the time. Its Book Value Per Share was $112.90, while its Total Shareholder’s Equity was $24.94B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FDX is Buy with a score of 4.23.

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