FedEx (NYSE:FDX) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of FedEx (NYSE:FDX) from a buy rating to a hold rating in a report published on Saturday.

FDX has been the topic of a number of other research reports. Jefferies Financial Group lifted their target price on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Evercore ISI decreased their target price on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. HSBC lifted their target price on FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. UBS Group lifted their target price on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Cowen reiterated a “buy” rating on shares of FedEx in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and an average target price of $271.67.

FedEx Stock Up 1.1%

Shares of NYSE FDX opened at $247.23 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. FedEx has a 52 week low of $194.29 and a 52 week high of $308.53. The stock has a market capitalization of $58.34 billion, a P/E ratio of 14.43, a PEG ratio of 1.36 and a beta of 1.28. The stock’s fifty day moving average is $229.86 and its 200 day moving average is $225.82.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter last year, the business earned $3.60 earnings per share. FedEx’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts forecast that FedEx will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s payout ratio is currently 33.86%.

Insider Activity at FedEx

In related news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the transaction, the director directly owned 7,720 shares of the company’s stock, valued at $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On FedEx

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Moody National Bank Trust Division lifted its stake in FedEx by 6.1% in the third quarter. Moody National Bank Trust Division now owns 4,926 shares of the shipping service provider’s stock valued at $1,162,000 after buying an additional 285 shares during the period. Aaron Wealth Advisors LLC lifted its stake in FedEx by 19.5% in the third quarter. Aaron Wealth Advisors LLC now owns 2,427 shares of the shipping service provider’s stock valued at $572,000 after buying an additional 396 shares during the period. Central Pacific Bank Trust Division lifted its stake in FedEx by 10.2% in the third quarter. Central Pacific Bank Trust Division now owns 4,600 shares of the shipping service provider’s stock valued at $1,085,000 after buying an additional 425 shares during the period. GAMMA Investing LLC lifted its stake in FedEx by 21.2% in the third quarter. GAMMA Investing LLC now owns 3,784 shares of the shipping service provider’s stock valued at $892,000 after buying an additional 663 shares during the period. Finally, Jacobs & Co. CA lifted its stake in FedEx by 1.2% in the third quarter. Jacobs & Co. CA now owns 48,571 shares of the shipping service provider’s stock valued at $11,453,000 after buying an additional 571 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

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.