FedEx Corp (NYSE:FDX) has reported an insider purchase according to the latest SEC filings. On December 28, 2023, EVP Chief Financial Officer John Dietrich bought 1,000 shares of the company. The transaction was disclosed in a SEC Filing on the said date.
FedEx Corp, with its headquarters in Memphis, Tennessee, is a multinational delivery services company. The company provides a broad portfolio of transportation, e-commerce, and business services through companies competing collectively, operating independently, and managed collaboratively, under the respected FedEx brand.
Insider buying and selling activities are closely monitored by investors as they can provide insights into a company's internal perspective. An insider purchase can indicate that the company's executives or directors are confident in the future prospects of the company and believe that the current share price represents an attractive entry point.
Over the past year, John Dietrich has purchased a total of 1,000 shares and has not sold any shares. This recent acquisition by the insider further adds to the buying activity observed within the company.
Insider Trends
The insider transaction history for FedEx Corp shows a pattern of insider transactions. In the past year, there have been 5 insider buys and 12 insider sells. This activity can be visualized in the following insider trend image:
Valuation
On the day of the insider's purchase, shares of FedEx Corp were trading at $252.02, resulting in a market cap of $63,472.708 billion. The price-earnings ratio of the stock stands at 15.05, which is above the industry median of 13.33 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is 1.02, with a GF Value of $247.43, indicating that FedEx Corp is Fairly Valued according to the intrinsic value estimate developed by GuruFocus. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates from Morningstar analysts.
Investors often look at insider transactions as a signal of the company's health and future prospects. The recent purchase by EVP Chief Financial Officer John Dietrich may suggest a positive outlook for FedEx Corp among those with intimate knowledge of the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
