Previous Close | 229.24 |
Open | 230.07 |
Bid | 229.52 x 800 |
Ask | 230.90 x 900 |
Day's Range | 227.85 - 230.74 |
52 Week Range | 192.82 - 282.88 |
Volume | |
Avg. Volume | 2,352,991 |
Market Cap | 59.956B |
Beta (5Y Monthly) | 1.20 |
PE Ratio (TTM) | 16.00 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 4.60 (2.01%) |
Ex-Dividend Date | Jun 24, 2022 |
1y Target Est | N/A |
Subscribe to Yahoo Finance Plus to view Fair Value for FDX
Investment firm Sachem Head Capital Management, which settled its proxy fight with US Foods Holding Corp in May, added three new positions during the second quarter in companies where other activists had already flexed their muscle. The firm, run by Scott Ferguson, reported owning 493,099 shares of freight transport company FedEx, 1.5 million shares of cloud-based software company New Relic, and 620,000 shares of toymaker Hasbro on June 30, according to a regulatory filing. Activist firm Jana Partners won two board seats at New Relic in June while FedEx added two board directors in an agreement with hedge fund DE Shaw.
There was a time, early in the COVID-19 pandemic, when FedEx Freight struggled. Due to lower demand and volume levels, both its revenue and operating income decreased 6% in FY 2020, according to its annual report from that year; and FedEx planned to slash its capital expenditures. FedEx Freight, the company's less-than-truckload (LTL) carrier subsidiary, has opened a new, 218-door facility in Phoenix, bringing its facility's door count to almost 26,000 this year.