Yesterday, the CVP PRIN ACCT OFFICER of FedEx (FDX), John Merino, sold shares of FDX for $1.45M.
Following John Merino’s last FDX Sell transaction on September 21, 2020, the stock climbed by 43.2%. In addition to John Merino, 10 other FDX executives reported Sell trades in the last month.
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Based on FedEx’s latest earnings report for the quarter ending August 31, the company posted quarterly revenue of $19.32 billion and quarterly net profit of $1.25 billion. In comparison, last year the company earned revenue of $17.05 billion and had a net profit of $745 million. The company has a one-year high of $287.16 and a one-year low of $88.69. FDX’s market cap is $74.54 billion and the company has a P/E ratio of 41.90.
Based on 23 analyst ratings, the analyst consensus is Strong Buy with an average price target of $290.10, reflecting a -2.1% downside.
The insider sentiment on FedEx has been negative according to 59 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
John Merino’s trades have generated a -14.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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FedEx Corp. is a holding company, which engages in the provision of a portfolio of transportation, e-commerce, and business services. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other, and Eliminations. The FedEx Express segment consists of domestic and international shipping services for delivery of packages and freight. The FedEx Ground segment focuses on small-package ground delivery services. The FedEx Freight segment offers less-than-truckload freight services across all lengths of haul. The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions. The Corporate, Other, and Eliminations segment includes corporate headquarters costs for executive officers and certain legal and finance functions, as well as certain other costs and credits not attributed to the company’s core business. The company was founded by Frederick Wallace Smith on June 18, 1971 and is headquartered in Memphis, TN.
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