FedEx (NYSE:FDX) Sets New 1-Year High – Here’s What Happened

FedEx Corporation (NYSE:FDX) hit a new 52-week high on Thursday . The stock traded as high as $319.84 and last traded at $315.0360, with a volume of 223468 shares trading hands. The stock had previously closed at $314.65.

Wall Street Analyst Weigh In

FDX has been the subject of several analyst reports. Susquehanna lowered their price objective on FedEx from $345.00 to $340.00 in a research note on Tuesday, December 23rd. Deutsche Bank Aktiengesellschaft upped their price target on FedEx from $276.00 to $322.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Weiss Ratings restated a “buy (b-)” rating on shares of FedEx in a research note on Monday, December 29th. Jefferies Financial Group lifted their price objective on shares of FedEx from $315.00 to $326.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, BMO Capital Markets increased their target price on shares of FedEx from $265.00 to $290.00 and gave the company a “market perform” rating in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $303.86.

FedEx Price Performance

The business has a 50-day moving average price of $291.43 and a 200 day moving average price of $255.96. The stock has a market cap of $74.59 billion, a PE ratio of 17.48, a PEG ratio of 1.57 and a beta of 1.35. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, beating 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 business had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. During the same period in the prior year, the firm earned $4.05 earnings per share. The company’s revenue was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, December 15th. FedEx’s dividend payout ratio (DPR) is presently 31.97%.

Institutional Trading of FedEx

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legacy Bridge LLC grew its holdings in FedEx by 33.0% during the 4th quarter. Legacy Bridge LLC now owns 133 shares of the shipping service provider’s stock valued at $38,000 after buying an additional 33 shares in the last quarter. True Wealth Design LLC grew its stake in FedEx by 8.2% during the fourth quarter. True Wealth Design LLC now owns 462 shares of the shipping service provider’s stock valued at $133,000 after acquiring an additional 35 shares in the last quarter. ORG Partners LLC increased its holdings in FedEx by 50.0% during the 4th quarter. ORG Partners LLC now owns 105 shares of the shipping service provider’s stock worth $30,000 after acquiring an additional 35 shares during the period. Brookstone Capital Management lifted its stake in FedEx by 1.4% in the 4th quarter. Brookstone Capital Management now owns 2,835 shares of the shipping service provider’s stock worth $819,000 after purchasing an additional 38 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in FedEx by 0.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 8,896 shares of the shipping service provider’s stock valued at $2,570,000 after purchasing an additional 38 shares during the period. 84.47% of the stock is currently owned by institutional investors.

FedEx Company Profile

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.