FedEx’s (FDX) Neutral Rating Reaffirmed at Bank of America

Bank of America reiterated their neutral rating on shares of FedEx (NYSE:FDX) in a report published on Thursday, MarketBeat reports. The brokerage currently has a $240.00 target price on the shipping service provider’s stock, down from their prior target price of $245.00.

A number of other brokerages have also recently weighed in on FDX. UBS Group dropped their target price on shares of FedEx from $297.00 to $293.00 and set a “buy” rating on the stock in a report on Thursday, August 28th. Truist Financial reissued a “buy” rating and set a $275.00 target price on shares of FedEx in a report on Wednesday, June 25th. BNP Paribas Exane raised shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 target price on the stock in a report on Thursday, July 3rd. Citigroup dropped their target price on shares of FedEx from $278.00 to $275.00 and set a “buy” rating on the stock in a report on Monday, August 18th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $260.00 price objective (down previously from $275.00) on shares of FedEx in a report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $282.54.

FedEx Stock Up 1.4%

Shares of NYSE:FDX opened at $228.90 on Thursday. The stock has a market capitalization of $54.01 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 1.18 and a beta of 1.20. FedEx has a 1-year low of $194.29 and a 1-year high of $308.53. The company’s fifty day moving average is $230.00 and its two-hundred day moving average is $227.81. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping analysts’ consensus estimates of $5.98 by $0.09. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.86 billion. FedEx had a net margin of 4.65% and a return on equity of 16.34%. During the same period in the prior year, the company earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Equities analysts anticipate that FedEx will post 19.14 EPS for the current year.

FedEx Dividend Announcement

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

Insider Transactions at FedEx

In other news, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the transaction, the director owned 8,935 shares of the company’s stock, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the transaction, the director directly owned 15,513 shares in the company, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,343 shares of company stock valued at $2,228,816 in the last quarter. Insiders own 0.53% of the company’s stock.

Hedge Funds Weigh In On FedEx

Several hedge funds have recently made changes to their positions in FDX. Brighton Jones LLC grew its stake in shares of FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of FedEx by 0.4% in the fourth quarter. Janus Henderson Group PLC now owns 26,727 shares of the shipping service provider’s stock worth $7,524,000 after acquiring an additional 115 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of FedEx in the fourth quarter worth approximately $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of FedEx by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,257 shares of the shipping service provider’s stock worth $6,543,000 after acquiring an additional 919 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in shares of FedEx by 19.7% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 9,870 shares of the shipping service provider’s stock worth $2,777,000 after acquiring an additional 1,627 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

About FedEx

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.