FedEx (NYSE:FDX) Price Target Lowered to $308.00 at Stifel Nicolaus

FedEx (NYSE:FDX) had its price objective lowered by Stifel Nicolaus from $315.00 to $308.00 in a research note released on Wednesday morning,MarketScreener reports. The firm currently has a buy rating on the shipping service provider’s stock.

Other equities analysts have also recently issued reports about the company. Bank of America restated a “neutral” rating and set a $240.00 target price (down from $245.00) on shares of FedEx in a report on Thursday, September 11th. Evercore ISI restated an “in-line” rating and set a $243.00 target price (down from $249.00) on shares of FedEx in a report on Wednesday. Wall Street Zen cut FedEx from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Truist Financial restated a “buy” rating and set a $275.00 target price on shares of FedEx in a report on Wednesday, June 25th. Finally, Stephens restated an “overweight” rating and set a $300.00 target price on shares of FedEx in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target of $276.29.

FedEx Stock Performance

NYSE FDX opened at $226.16 on Wednesday. The stock has a market cap of $53.36 billion, a PE ratio of 13.40, a P/E/G ratio of 1.28 and a beta of 1.20. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. FedEx has a twelve month low of $194.29 and a twelve month high of $308.53. The stock has a fifty day simple moving average of $229.16 and a 200-day simple moving average of $226.95.

FedEx (NYSE:FDX) last released its quarterly 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 business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same period in the prior year, the business posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Equities analysts anticipate that FedEx 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, October 1st. Shareholders of record on Monday, September 8th will be paid a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, September 8th. FedEx’s dividend payout ratio (DPR) is 34.36%.

Insider Buying and Selling at FedEx

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. WealthPlan Investment Management LLC boosted its position in shares of FedEx by 3.2% in the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after buying an additional 44 shares during the period. L2 Asset Management LLC raised its holdings in shares of FedEx by 4.9% during the second quarter. L2 Asset Management LLC now owns 985 shares of the shipping service provider’s stock worth $224,000 after acquiring an additional 46 shares in the last quarter. Stonebridge Capital Advisors LLC raised its holdings in shares of FedEx by 4.1% during the second quarter. Stonebridge Capital Advisors LLC now owns 1,163 shares of the shipping service provider’s stock worth $264,000 after acquiring an additional 46 shares in the last quarter. Aaron Wealth Advisors LLC raised its holdings in shares of FedEx by 2.6% during the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock worth $457,000 after acquiring an additional 48 shares in the last quarter. Finally, SouthState Corp raised its holdings in shares of FedEx by 3.5% during the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock worth $349,000 after acquiring an additional 48 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

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.