UBS Group Cuts FedEx (NYSE:FDX) Price Target to $293.00

FedEx (NYSE:FDX) had its target price trimmed by UBS Group from $297.00 to $293.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the shipping service provider’s stock.

FDX has been the subject of a number of other research reports. Bank of America lowered their price objective on shares of FedEx from $270.00 to $245.00 and set a “buy” rating for the company in a research report on Wednesday, June 25th. Truist Financial reaffirmed a “buy” rating and set a $275.00 price objective on shares of FedEx in a research report on Wednesday, June 25th. BMO Capital Markets reduced their target price on shares of FedEx from $275.00 to $260.00 and set a “market perform” rating on the stock in a report on Monday, May 19th. Stifel Nicolaus set a $315.00 target price on shares of FedEx in a report on Wednesday, June 25th. Finally, TD Cowen reduced their target price on shares of FedEx from $310.00 to $269.00 and set a “buy” rating on the stock in a report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $282.96.

FedEx Stock Down 0.1%

Shares of NYSE FDX opened at $230.96 on Thursday. FedEx has a 12-month low of $194.29 and a 12-month high of $308.53. The stock has a market cap of $54.49 billion, a PE ratio of 13.68, a P/E/G ratio of 1.20 and a beta of 1.30. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average of $230.69 and a 200 day moving average of $229.88.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.86 billion. During the same quarter in the prior year, the company earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, sell-side analysts predict that FedEx will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx’s dividend payout ratio (DPR) is presently 34.36%.

Insider Buying and Selling

In related news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the sale, the director directly owned 7,720 shares in the company, valued at $1,829,176.80. This trade represents a 31.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the sale, the director owned 8,935 shares in the company, valued at $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock worth $2,228,816 in the last ninety days. 0.53% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Twin Peaks Wealth Advisors LLC purchased a new position in FedEx during the 2nd quarter worth $28,000. NewSquare Capital LLC boosted its holdings in shares of FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Accredited Wealth Management LLC purchased a new stake in shares of FedEx in the fourth quarter valued at about $35,000. Abound Financial LLC purchased a new stake in shares of FedEx in the first quarter valued at about $38,000. Finally, Ameriflex Group Inc. purchased a new stake in shares of FedEx in the fourth quarter valued at about $43,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

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.