Vetr downgraded shares of FedEx Corp. (NYSE:FDX) from a buy rating to a hold rating in a research report sent to investors on Monday morning. They currently have $199.16 target price on the shipping service provider’s stock.

FDX has been the subject of a number of other reports. Robert W. Baird reiterated an outperform rating and issued a $185.00 price target on shares of FedEx Corp. in a research note on Friday, September 23rd. Stifel Nicolaus cut FedEx Corp. from a buy rating to a hold rating and set a $186.00 price target for the company. in a research note on Tuesday, November 15th. They noted that the move was a valuation call. Deutsche Bank AG started coverage on FedEx Corp. in a research note on Wednesday, November 2nd. They issued a buy rating and a $210.00 price target for the company. Sanford C. Bernstein set a $159.00 price target on FedEx Corp. and gave the company a neutral rating in a research note on Wednesday, September 21st. Finally, Citigroup Inc. reiterated a buy rating on shares of FedEx Corp. in a research note on Thursday, September 22nd. Twelve research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. FedEx Corp. presently has a consensus rating of Buy and a consensus target price of $179.22.

Analyst Recommendations for FedEx Corp. (NYSE:FDX)

FedEx Corp. (NYSE:FDX) opened at 190.03 on Monday. FedEx Corp. has a 1-year low of $119.71 and a 1-year high of $191.84. The firm has a 50-day moving average price of $178.12 and a 200-day moving average price of $166.84. The firm has a market capitalization of $50.50 billion, a PE ratio of 28.42 and a beta of 1.14.

FedEx Corp. (NYSE:FDX) last announced its quarterly earnings results on Tuesday, September 20th. The shipping service provider reported $2.90 EPS for the quarter, beating the Zacks’ consensus estimate of $2.81 by $0.09. FedEx Corp. had a return on equity of 21.65% and a net margin of 3.49%. The company earned $14.70 billion during the quarter. During the same quarter in the previous year, the company posted $2.42 earnings per share. The firm’s revenue was up 19.5% on a year-over-year basis. Equities analysts expect that FedEx Corp. will post $12.15 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Investors of record on Monday, December 12th will be issued a $0.40 dividend. The ex-dividend date is Thursday, December 8th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.84%. FedEx Corp.’s dividend payout ratio (DPR) is presently 23.99%.

In related news, EVP Robert B. Carter sold 24,784 shares of FedEx Corp. stock in a transaction that occurred on Wednesday, September 28th. The shares were sold at an average price of $176.95, for a total value of $4,385,528.80. Following the sale, the executive vice president now owns 68,183 shares of the company’s stock, valued at approximately $12,064,981.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John L. Merino sold 10,280 shares of FedEx Corp. stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $181.72, for a total transaction of $1,868,081.60. Following the completion of the sale, the vice president now directly owns 29,722 shares in the company, valued at approximately $5,401,081.84. The disclosure for this sale can be found here. 8.67% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. Squarepoint Ops LLC acquired a new position in FedEx Corp. during the first quarter worth $1,955,000. Euclid Advisors LLC acquired a new position in FedEx Corp. during the first quarter worth $2,000,000. BNP Paribas Arbitrage SA raised its position in FedEx Corp. by 37.4% in the second quarter. BNP Paribas Arbitrage SA now owns 288,414 shares of the shipping service provider’s stock worth $43,775,000 after buying an additional 78,518 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in FedEx Corp. by 57.1% in the second quarter. Kistler Tiffany Companies LLC now owns 2,389 shares of the shipping service provider’s stock worth $363,000 after buying an additional 868 shares in the last quarter. Finally, Curbstone Financial Management Corp raised its position in FedEx Corp. by 8.9% in the second quarter. Curbstone Financial Management Corp now owns 3,060 shares of the shipping service provider’s stock worth $464,000 after buying an additional 250 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

About FedEx Corp.

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.

5 Day Chart for NYSE:FDX

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