In recent trading session, Fedex Corp (NYSE:FDX) saw 4.18 million shares changing hands at last check today with its beta currently measuring 1.21. Company’s recent per share price level of $286.51 trading at $21.66 or 8.18% at last check today assigns it a market valuation of $71.60B. That most recent trading price of FDX’s stock is at a premium of 0.34% from its 52-week high price of $285.53 and is indicating a premium of 25.38% from its 52-week low price of $213.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.03 million shares which gives us an average trading volume of 2.10 million if we extend that period to 3-months.
Fedex Corp (NYSE:FDX) trade information
Upright in the green today for gaining 8.18%, in the last five days FDX remained trading in the green while hitting it’s week-highest on Friday, 03/22/24 when the stock touched $286.51 price level, adding 1.63% to its value on the day. Fedex Corp’s shares saw a change of 13.26% in year-to-date performance and have moved 13.11% in past 5-day. Fedex Corp (NYSE:FDX) showed a performance of 17.34% in past 30-days. Number of shares sold short was 3.17 million shares which calculate 1.56 days to cover the short interests.
Fedex Corp (FDX) estimates and forecasts
Statistics highlight that Fedex Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 9.42% of value to its shares in past 6 months, showing an annual growth rate of 16.71% while that of industry is -7.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 10.30% in the current quarter and calculating 10.50% increase in the next quarter. This year revenue growth is estimated to fall -2.10% from the last financial year’s standing.
16 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $22.37 billion for the same. And 6 analysts are in estimates of company making revenue of $22.58 billion in the next quarter that will end on Aug 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -1.59% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 17.74% while estimates for its earnings growth in next 5 years are of 4.50%.
FDX Dividends
Fedex Corp is more likely to be releasing its next quarterly report on March 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Fedex Corp (NYSE:FDX)’s Major holders
Insiders are in possession of 7.99% of company’s total shares while institution are holding 77.60 percent of that, with stock having share float percentage of 84.34%. Investors also watch the number of corporate investors in a company very closely, which is 77.60% institutions for Fedex Corp that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at FDX for having 18.81 million shares of worth $5.39 billion. And as of Dec 30, 2023, it was holding 7.53% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 15.5 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 6.20% of outstanding shares, having a total worth of $4.44 billion.
On the other hand, Dodge & Cox Stock Fund and Vanguard/Primecap Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 8.96 million shares of worth $2.57 billion or 3.58% of the total outstanding shares. The later fund manager was in possession of 8.55 million shares on Dec 30, 2023, making its stake of worth around $2.45 billion in the company or a holder of 3.42% of company’s stock.
