FedEx Corp (NYSE:FDX) executive Erwin Guy M II has sold a total of 2,749 shares of the company's common stock for an aggregate sale price of $794,764, according to a recent SEC filing. The transactions took place on March 26, with the shares being sold at a weighted average price of approximately $289.11, ranging from $289.10 to $289.125.
In addition to the sale, the filing also revealed that the FedEx executive acquired shares through multiple transactions on the same day. The purchases, which are part of the company's stock option exercise program, were made at prices ranging from $130.96 to $227.47, totaling $569,856 for all acquisition transactions.
The series of transactions have resulted in a change in Erwin Guy M II's holdings in FedEx Corp, with the executive now owning fewer shares after the sale. The SEC filing provides detailed information about the transactions, including the number of shares involved and the prices at which they were acquired or disposed of.
Investors often monitor the buying and selling activities of company executives as a way to gain insights into the company's performance and prospects. While the reasons behind an executive's decision to buy or sell shares can vary, such transactions are required to be reported to the SEC and are publicly disclosed.
FedEx Corp, known for its global courier delivery services, has a diverse executive team that oversees various aspects of its operations. As the Staff VP International Principal Accounting Officer, Erwin Guy M II plays a significant role in the company's financial reporting and accounting practices.
The SEC filing, which includes footnotes detailing the weighted average price of the sale and information about the vesting of options, is available for public viewing and provides transparency into the transactions made by company insiders.
InvestingPro Insights
Following the recent transactions by FedEx Corp (NYSE:FDX) executive Erwin Guy M II, it's worth noting some key metrics and insights from InvestingPro that could shed light on the company's current financial health and stock performance. FedEx has been a prominent player in the Air Freight & Logistics industry, maintaining a strong presence and showing resilience in its operations.
InvestingPro data indicates a robust market capitalization of $71.11 billion USD, reflecting the company's significant scale and influence in the logistics sector. The P/E ratio stands at 16.27, suggesting that the stock could be trading at a reasonable price relative to its earnings. Notably, FedEx has seen a significant return over the last week, with a 1 Week Price Total Return of 11.15%, which aligns with the strong performance over the last month and three months, at 20.32% and 15.75%, respectively.
Moreover, FedEx has demonstrated a commitment to its shareholders by raising its dividend for 3 consecutive years and maintaining dividend payments for 23 consecutive years. The current dividend yield is 1.74%, with a dividend growth of 9.57% over the last twelve months as of Q1 2023. This consistent return to investors is a testament to the company's financial stability and a positive sign for potential investors.
For those interested in a deeper analysis, there are over 10 additional InvestingPro Tips available, which can provide further insights into FedEx's stock performance and financial metrics. Readers can explore these tips by visiting InvestingPro and can take advantage of an exclusive offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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