FedEx (NYSE:FDX) Upgraded at StockNews.com

StockNews.com upgraded shares of FedEx (NYSE:FDX) from a buy rating to a strong-buy rating in a research note published on Friday.

FDX has been the subject of a number of other research reports. Stephens reiterated an overweight rating and set a $325.00 target price on shares of FedEx in a report on Wednesday, June 26th. Wells Fargo & Company increased their price objective on shares of FedEx from $275.00 to $300.00 and gave the stock an equal weight rating in a research report on Wednesday, June 26th. Argus increased their price target on FedEx from $325.00 to $335.00 and gave the company a buy rating in a report on Thursday, June 27th. TD Cowen increased their target price on FedEx from $320.00 to $335.00 and gave the company a buy rating in a research note on Wednesday, June 26th. Finally, The Goldman Sachs Group boosted their price target on FedEx from $316.00 to $333.00 and gave the stock a buy rating in a research report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $314.00.

FedEx Price Performance

FedEx stock opened at $285.40 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.36 and a quick ratio of 1.32. The stock has a market capitalization of $70.23 billion, a P/E ratio of 16.56, a P/E/G ratio of 1.08 and a beta of 1.18. The firm’s 50-day moving average is $284.45 and its two-hundred day moving average is $266.71. FedEx has a 12-month low of $224.69 and a 12-month high of $313.84.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Tuesday, June 25th. The shipping service provider reported $5.41 earnings per share for the quarter, topping analysts’ consensus estimates of $5.34 by $0.07. The company had revenue of $22.11 billion for the quarter, compared to analyst estimates of $22.04 billion. FedEx had a return on equity of 16.70% and a net margin of 4.94%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.94 EPS. Equities analysts predict that FedEx will post 20.94 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be issued a $1.38 dividend. The ex-dividend date is Monday, September 9th. This represents a $5.52 dividend on an annualized basis and a yield of 1.93%. FedEx’s dividend payout ratio is currently 32.04%.

Insider Transactions at FedEx

In related news, EVP Brie Carere sold 1,958 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $310.43, for a total transaction of $607,821.94. Following the completion of the transaction, the executive vice president now owns 19,937 shares in the company, valued at approximately $6,189,042.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other FedEx news, EVP Brie Carere sold 1,958 shares of the company’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $310.43, for a total value of $607,821.94. Following the completion of the transaction, the executive vice president now owns 19,937 shares in the company, valued at approximately $6,189,042.91. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert B. Carter sold 16,010 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $294.48, for a total transaction of $4,714,624.80. Following the completion of the sale, the executive vice president now owns 59,884 shares in the company, valued at approximately $17,634,640.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,944 shares of company stock worth $9,882,355. 8.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FedEx

Institutional investors have recently bought and sold shares of the stock. Fortis Group Advisors LLC lifted its stake in shares of FedEx by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 100 shares of the shipping service provider’s stock worth $25,000 after acquiring an additional 50 shares during the period. Scarborough Advisors LLC bought a new stake in FedEx during the fourth quarter worth approximately $25,000. Private Wealth Management Group LLC acquired a new stake in FedEx in the fourth quarter worth approximately $28,000. Rakuten Securities Inc. acquired a new position in shares of FedEx during the 4th quarter valued at $30,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of FedEx in the 4th quarter worth $31,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.