{"id":59345,"date":"2024-03-28T06:00:50","date_gmt":"2024-03-28T10:00:50","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=59345"},"modified":"2024-04-01T10:15:40","modified_gmt":"2024-04-01T14:15:40","slug":"fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/","title":{"rendered":"FedEx's Bullish Move: $5 Billion Stock Buyback Plan Ignites Investor Enthusiasm"},"content":{"rendered":"<p><a href=\"https:\/\/quotes.ino.com\/search\/?s=NYSE_FDX\"><span style=\"font-weight: 400;\">FedEx Corporation (FDX)<\/span><\/a><span style=\"font-weight: 400;\">, a leading provider of transportation, e-commerce, and business services, <\/span><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-21\/fedex-surpasses-profit-estimates-as-courier-targets-cost-cuts\"><span style=\"font-weight: 400;\">plans to repurchase $5 billion worth of its shares<\/span><\/a><span style=\"font-weight: 400;\"> as its cost-cutting measures contribute to increased profits, leading to a significant surge in the company's stock, marking its most substantial gain in a year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">FDX\u2019s shares have soared more than 18% over the past month and nearly 30% over the past year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This newly authorized $5 billion share repurchase program comes in addition to the existing $600 million available for repurchase under the 2021 authorization. During the third quarter of fiscal 2024, the courier company completed a $1 billion accelerated share repurchase (ASR) transaction. About 4.1 million shares were delivered under the ASR agreement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">FedEx also intends to repurchase an additional $500 million of common stock during the fourth quarter, bringing the fiscal 2024 buyback total to $2.5 billion. The company\u2019s cash on-hand was $5.60 billion as of February 29, 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cDRIVE is having a real impact, supporting both operating income growth and margin expansion,\u201d <\/span><a href=\"https:\/\/investors.fedex.com\/news-and-events\/investor-news\/investor-news-details\/2024\/FedEx-Reports-Higher-Third-Quarter-Diluted-EPS-of-3.51-and-Adjusted-Diluted-EPS-of-3.86\/default.aspx\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\"> John Dietrich, FDX\u2019s executive vice president and chief financial officer. \u201cAs we look ahead, we\u2019re focused on continuing to deliver on DRIVE and our commitments to support long-term shareholder returns.\u201d<\/span><\/p>\n<p><b>Third-Quarter Earnings Beat<\/b><\/p>\n<p><span style=\"font-weight: 400;\">For the third quarter ended February 29, 2024, FDX reported revenue of $21.74 billion, slightly missing the analysts\u2019 estimate of $22.08 billion. Despite lower revenue, third-quarter income and margin improved, mainly due to the execution of the company\u2019s DRIVE program and the continuous focus on revenue quality.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">FedEx\u2019s non-GAAP operating income grew 16.2% year-over-year to $1.36 billion. Its non-GAAP net income came in at $966 million, an increase of 11.7% year-over-year. The company posted a non-GAAP EPS of $3.86, compared to the consensus estimate of $3.48 and up 13.2% from the previous year\u2019s quarter.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cFedEx delivered another quarter of improved profitability in what remains a difficult demand environment, reflecting outstanding service and continued benefits from DRIVE,\u201d said Raj Subramaniam, FDX\u2019s president and CEO.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe are making meaningful progress on our transformation, while strengthening our value proposition and improving the customer experience. I've never been more confident in our path ahead as we build a more flexible, efficient, and intelligent network,\u201d Subramaniam added.<\/span><\/p>\n<p><b>Cost-Cutting Efforts<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Over the past year, workforce reductions at FedEx totaled around 22,000 jobs, said CFO John Dietrich on a conference call with analysts. As per the company, most of these job cuts have come through attrition.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For the full-year fiscal 2024, FDX plans to reduce its planned capital spending to $5.4 billion, compared to the previously announced $5.7 billion. The logistics company expects permanent cost reductions related to the DRIV program of $1.8 billion in 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In April last year, FedEx announced restructuring its business segments into one unit, embarking on a <\/span><a href=\"https:\/\/www.investopedia.com\/fedex-shares-jump-on-restructuring-dividend-increase-7375866\"><span style=\"font-weight: 400;\">cost-cutting plan of $4 billion by 2025<\/span><\/a><span style=\"font-weight: 400;\">. The shipping giant expects the new operating structure to be entirely implemented by June 2024, bringing FedEx Express, FedEx Ground, FedEx Services, and other FedEx operating companies under the Federal Express Corporation umbrella.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, FDX\u2019s Board of Directors approved an increase of 10% in its annual dividend of $0.44 per share to $5.04 for the fiscal year 2024. Its annual dividend translates to a yield of 1.78% at the prevailing share price. Moreover, the company\u2019s dividend payouts have grown at a CAGR of 14.2% over the past five years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bloomberg Intelligence analyst Lee Klaskow said, \u201cFedEx gave investors plenty to celebrate especially as it relates to showing progress towards reducing structural costs and its announced $5 billion share repurchase program.\u201d<\/span><\/p>\n<p><b>Bottom Line<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Despite a challenging demand environment, FDX delivered another quarter of enhanced profitability, reflecting outstanding service and continued benefits from its DRIVE program. FedEx\u2019s Board of Directors also announced a new $5 billion share repurchase program as a continued cost-saving initiative to help drive profits.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">FedEx's ambitious stock buyback plan is a testament to the company's confidence in the effectiveness of its cost-cutting initiatives and restructuring efforts, potentially suggesting optimistic long-term growth prospects.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">TD Cown analyst Helane Becker said in a research note that the last reported results marked the third consecutive quarter in which FDX\u2019s operating income grew despite dropping revenue, indicating the logistics company\u2019s cost-cutting efforts are working.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">FedEx CEO Raj Subramaniam currently oversees a comprehensive restructuring of the company\u2019s delivery networks. A significant part of this strategic plan has involved reducing the workforce by tens of thousands of jobs. The restructuring plan, announced in April last year, represents a departure from founder Fred Smith\u2019s long-standing strategy of maintaining a two-network approach.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWe are making meaningful progress on our transformation,\u201d Subramaniam said. The overhaul plan (DRIVE program) is expected to make permanent cost reductions of $1.8 billion in fiscal 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The results from the plan demonstrate FedEx\u2019s efforts to revitalize its Express division, which has faced challenges due to the shift by consumers and businesses toward sending more mail and packages via ground. FedEx reported that both its Express and Ground divisions saw considerable benefits from lower structural expenses during the quarter.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On March 22, 2024, Evercore ISI analyst Jonathan Chappell <\/span><a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/fedex-fdx-receives-a-rating-update-from-a-top-analyst-1033190321\"><span style=\"font-weight: 400;\">maintained a Buy rating<\/span><\/a><span style=\"font-weight: 400;\"> on FDX and set a price target of $351. In addition, FedEx got a Buy rating from Deutsche Bank\u2019s Amit Mehrotra.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Based on the recent insider activity of 48 insiders, corporate insider sentiment is optimistic about FDX stock. Over the past year, there were about <\/span><a href=\"https:\/\/www.nasdaq.com\/market-activity\/stocks\/fdx\/insider-activity\"><span style=\"font-weight: 400;\">32 open market insider buys<\/span><\/a><span style=\"font-weight: 400;\">. Most recently, in January this year, Richard W. Smith, President and CEO of Airline and International, FedEx, bought 2,000 shares for a total of $287,080.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given its outstanding financial performance and bright growth prospects, investing in FDX for potential gains could be wise.<\/span><\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>FedEx Corporation (FDX), a leading provider of transportation, e-commerce, and business services, plans to repurchase $5 billion worth of its shares as its cost-cutting measures contribute to increased profits, leading to a significant surge in the company's stock, marking its most substantial gain in a year. FDX\u2019s shares have soared more than 18% over the [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":57773,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[33846,33847,32214,33266,33848,32433],"class_list":["post-59345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-32-open-market-insider-buys","tag-cost-cutting-plan-of-4-billion-by-2025","tag-fedex-corporation-fdx","tag-maintained-a-buy-rating","tag-plans-to-repurchase-5-billion-worth-of-its-shares","tag-said"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FedEx&#039;s Bullish Move: $5 Billion Stock Buyback Plan Ignites Investor Enthusiasm - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"description\" content=\"FedEx Corporation (FDX) announced its new $5 billion share repurchase program. Let\u2019s discuss how FedEx\u2019s ambitious stock buyback plan reflects the logistics company\u2019s confidence in its cost-saving measures and restructuring endeavors, potentially indicating promising long-term growth prospects\u2026\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FedEx&#039;s Bullish Move: $5 Billion Stock Buyback Plan Ignites Investor Enthusiasm - INO.com Trader&#039;s Blog\" \/>\n<meta property=\"og:description\" content=\"FedEx Corporation (FDX) announced its new $5 billion share repurchase program. Let\u2019s discuss how FedEx\u2019s ambitious stock buyback plan reflects the logistics company\u2019s confidence in its cost-saving measures and restructuring endeavors, potentially indicating promising long-term growth prospects\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/\" \/>\n<meta property=\"og:site_name\" content=\"INO.com Trader&#039;s Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/inocom\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-28T10:00:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-01T14:15:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2022\/10\/treasurybond.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"The INO.com Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The INO.com Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/\"},\"author\":{\"name\":\"The INO.com Team\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\"},\"headline\":\"FedEx's Bullish Move: $5 Billion Stock Buyback Plan Ignites Investor Enthusiasm\",\"datePublished\":\"2024-03-28T10:00:50+00:00\",\"dateModified\":\"2024-04-01T14:15:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/\"},\"wordCount\":909,\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/treasurybond.jpg\",\"keywords\":[\"32 open market insider buys\",\"cost-cutting plan of $4 billion by 2025\",\"FedEx Corporation (FDX)\",\"maintained a Buy rating\",\"plans to repurchase $5 billion worth of its shares\",\"said\"],\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/\",\"url\":\"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/\",\"name\":\"FedEx's Bullish Move: $5 Billion Stock Buyback Plan Ignites Investor Enthusiasm - INO.com Trader&#039;s Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/treasurybond.jpg\",\"datePublished\":\"2024-03-28T10:00:50+00:00\",\"dateModified\":\"2024-04-01T14:15:40+00:00\",\"description\":\"FedEx Corporation (FDX) announced its new $5 billion share repurchase program. Let\u2019s discuss how FedEx\u2019s ambitious stock buyback plan reflects the logistics company\u2019s confidence in its cost-saving measures and restructuring endeavors, potentially indicating promising long-term growth prospects\u2026\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/#primaryimage\",\"url\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/treasurybond.jpg\",\"contentUrl\":\"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/treasurybond.jpg\",\"width\":1200,\"height\":630},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ino.com\/blog\/#website\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"name\":\"INO.com Trader&#039;s Blog\",\"description\":\"Expert Charts, Trading Tips and Technical Analysis from INO.com\",\"publisher\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ino.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ino.com\/blog\/#organization\",\"name\":\"INO.com Trader&#039;s Blog\",\"url\":\"https:\/\/www.ino.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"contentUrl\":\"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg\",\"width\":400,\"height\":472,\"caption\":\"INO.com Trader&#039;s Blog\"},\"image\":{\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/inocom\/\",\"https:\/\/www.linkedin.com\/company-beta\/1056449\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280\",\"name\":\"The INO.com Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg\",\"caption\":\"The INO.com Team\"},\"url\":\"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"FedEx's Bullish Move: $5 Billion Stock Buyback Plan Ignites Investor Enthusiasm - INO.com Trader&#039;s Blog","description":"FedEx Corporation (FDX) announced its new $5 billion share repurchase program. Let\u2019s discuss how FedEx\u2019s ambitious stock buyback plan reflects the logistics company\u2019s confidence in its cost-saving measures and restructuring endeavors, potentially indicating promising long-term growth prospects\u2026","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/","og_locale":"en_US","og_type":"article","og_title":"FedEx's Bullish Move: $5 Billion Stock Buyback Plan Ignites Investor Enthusiasm - INO.com Trader&#039;s Blog","og_description":"FedEx Corporation (FDX) announced its new $5 billion share repurchase program. Let\u2019s discuss how FedEx\u2019s ambitious stock buyback plan reflects the logistics company\u2019s confidence in its cost-saving measures and restructuring endeavors, potentially indicating promising long-term growth prospects\u2026","og_url":"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/","og_site_name":"INO.com Trader&#039;s Blog","article_publisher":"https:\/\/www.facebook.com\/inocom\/","article_published_time":"2024-03-28T10:00:50+00:00","article_modified_time":"2024-04-01T14:15:40+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2022\/10\/treasurybond.jpg","type":"image\/jpeg"}],"author":"The INO.com Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"The INO.com Team","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/#article","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/"},"author":{"name":"The INO.com Team","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280"},"headline":"FedEx's Bullish Move: $5 Billion Stock Buyback Plan Ignites Investor Enthusiasm","datePublished":"2024-03-28T10:00:50+00:00","dateModified":"2024-04-01T14:15:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/"},"wordCount":909,"publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/#primaryimage"},"thumbnailUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/treasurybond.jpg","keywords":["32 open market insider buys","cost-cutting plan of $4 billion by 2025","FedEx Corporation (FDX)","maintained a Buy rating","plans to repurchase $5 billion worth of its shares","said"],"articleSection":["General"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/","url":"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/","name":"FedEx's Bullish Move: $5 Billion Stock Buyback Plan Ignites Investor Enthusiasm - INO.com Trader&#039;s Blog","isPartOf":{"@id":"https:\/\/www.ino.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/#primaryimage"},"image":{"@id":"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/#primaryimage"},"thumbnailUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/treasurybond.jpg","datePublished":"2024-03-28T10:00:50+00:00","dateModified":"2024-04-01T14:15:40+00:00","description":"FedEx Corporation (FDX) announced its new $5 billion share repurchase program. Let\u2019s discuss how FedEx\u2019s ambitious stock buyback plan reflects the logistics company\u2019s confidence in its cost-saving measures and restructuring endeavors, potentially indicating promising long-term growth prospects\u2026","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/2024\/03\/fedexs-bullish-move-5-billion-stock-buyback-plan-ignites-investor-enthusiasm\/#primaryimage","url":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/treasurybond.jpg","contentUrl":"https:\/\/wwwtest.ino.com\/blog\/wp-content\/uploads\/2022\/10\/treasurybond.jpg","width":1200,"height":630},{"@type":"WebSite","@id":"https:\/\/www.ino.com\/blog\/#website","url":"https:\/\/www.ino.com\/blog\/","name":"INO.com Trader&#039;s Blog","description":"Expert Charts, Trading Tips and Technical Analysis from INO.com","publisher":{"@id":"https:\/\/www.ino.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ino.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.ino.com\/blog\/#organization","name":"INO.com Trader&#039;s Blog","url":"https:\/\/www.ino.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","contentUrl":"https:\/\/www.ino.com\/blog\/wp-content\/uploads\/2018\/12\/inologo-400.jpg","width":400,"height":472,"caption":"INO.com Trader&#039;s Blog"},"image":{"@id":"https:\/\/www.ino.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/inocom\/","https:\/\/www.linkedin.com\/company-beta\/1056449\/"]},{"@type":"Person","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/d86a8cce826b7bd105200d88bb28a280","name":"The INO.com Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ino.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cb06ce065c1db526fc31f4d08d898a30?s=96&d=identicon&r=pg","caption":"The INO.com Team"},"url":"https:\/\/wwwtest.ino.com\/blog\/author\/the-ino-com-team\/"}]}},"_links":{"self":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/59345"}],"collection":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/comments?post=59345"}],"version-history":[{"count":0,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/posts\/59345\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media\/57773"}],"wp:attachment":[{"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/media?parent=59345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/categories?post=59345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwtest.ino.com\/blog\/wp-json\/wp\/v2\/tags?post=59345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}