A number of other equities analysts have also recently commented on FDX. Sanford C. Bernstein reissued a hold rating on shares of FedEx Corp. in a report on Thursday, May 26th. Zacks Investment Research cut FedEx Corp. from a buy rating to a hold rating in a report on Monday, May 30th. Stifel Nicolaus increased their target price on FedEx Corp. from $174.00 to $178.00 and gave the company a buy rating in a report on Thursday, June 2nd. Oppenheimer Holdings Inc. reissued a buy rating on shares of FedEx Corp. in a report on Monday, June 6th. Finally, Morgan Stanley restated a hold rating on shares of FedEx Corp. in a research report on Monday, June 6th. Nine research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $176.41.
Shares of FedEx Corp. (NYSE:FDX) opened at 174.39 on Wednesday. The company has a market capitalization of $46.91 billion, a price-to-earnings ratio of 26.08 and a beta of 1.35. FedEx Corp. has a 52 week low of $119.71 and a 52 week high of $175.38. The company’s 50 day moving average price is $165.36 and its 200-day moving average price is $161.49.
FedEx Corp. (NYSE:FDX) last announced its earnings results on Tuesday, September 20th. The shipping service provider reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.09. FedEx Corp. had a return on equity of 20.62% and a net margin of 3.61%. The business earned $14.70 billion during the quarter. During the same period in the previous year, the company earned $2.42 EPS. FedEx Corp.’s revenue was up 19.5% compared to the same quarter last year. Analysts anticipate that FedEx Corp. will post $12.15 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Monday, September 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Thursday, September 8th. FedEx Corp.’s dividend payout ratio is presently 23.99%.
In other FedEx Corp. news, EVP Alan B. Graf, Jr. sold 7,400 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $159.43, for a total value of $1,179,782.00. Following the sale, the executive vice president now directly owns 150,665 shares in the company, valued at $24,020,520.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert B. Carter sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $164.51, for a total value of $822,550.00. Following the completion of the sale, the executive vice president now owns 53,399 shares in the company, valued at $8,784,669.49. The disclosure for this sale can be found here. 8.67% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Sun Life Financial INC purchased a new position in shares of FedEx Corp. during the first quarter valued at about $52,233,000. First Personal Financial Services raised its position in shares of FedEx Corp. by 18.6% in the second quarter. First Personal Financial Services now owns 708 shares of the shipping service provider’s stock valued at $107,000 after buying an additional 111 shares during the last quarter. Glassman Wealth Services raised its position in shares of FedEx Corp. by 200.6% in the second quarter. Glassman Wealth Services now owns 974 shares of the shipping service provider’s stock valued at $148,000 after buying an additional 650 shares during the last quarter. Invictus RG purchased a new position in shares of FedEx Corp. during the first quarter valued at about $161,000. Finally, Benchmark Capital Advisors purchased a new position in shares of FedEx Corp. during the first quarter valued at about $212,000. Institutional investors own 73.78% of the company’s stock.
FedEx Corp. Company Profile
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.
Receive News & Ratings for FedEx Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx Corp. and related companies with MarketBeat.com's FREE daily email newsletter.