FedEx (NYSE:FDX) Reaches New 12-Month High – Here’s What Happened

FedEx Corporation (NYSE:FDX) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $381.99 and last traded at $376.12, with a volume of 109378 shares. The stock had previously closed at $374.72.

Wall Street Analyst Weigh In

Several research firms have commented on FDX. Jefferies Financial Group upped their price objective on FedEx from $326.00 to $425.00 and gave the company a “buy” rating in a research note on Friday. BNP Paribas Exane set a $280.00 target price on FedEx and gave the company a “neutral” rating in a report on Tuesday, January 13th. Wall Street Zen upgraded FedEx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Bank of America lifted their price objective on shares of FedEx from $408.00 to $414.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Finally, Sanford C. Bernstein raised shares of FedEx from a “market perform” rating to an “outperform” rating and set a $427.00 price objective on the stock in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $358.00.

FedEx Price Performance

The stock has a fifty day moving average of $313.52 and a two-hundred day moving average of $267.59. The stock has a market cap of $88.14 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.81 and a beta of 1.33. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The company had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. During the same period in the previous year, the firm earned $4.05 EPS. The business’s revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, March 9th. FedEx’s dividend payout ratio is presently 31.97%.

Institutional Investors Weigh In On FedEx

Institutional investors and hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System grew its holdings in FedEx by 2.3% in the 3rd quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock valued at $48,831,000 after buying an additional 4,734 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of FedEx by 10.6% during the 3rd quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock worth $11,419,000 after acquiring an additional 4,634 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in FedEx by 11.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider’s stock worth $8,243,000 after purchasing an additional 3,514 shares during the period. Savant Capital LLC boosted its holdings in FedEx by 32.5% in the third quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock valued at $9,437,000 after acquiring an additional 9,806 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of FedEx by 34.9% in the 3rd quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock valued at $5,679,000 after purchasing an additional 6,234 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.