FedEx Co. (NYSE:FDX) had its price objective boosted by investment analysts at Oppenheimer Holdings Inc. from $180.00 to $184.00 in a research note issued to investors on Wednesday. The brokerage currently has an “outperform” rating on the shipping service provider’s stock. Oppenheimer Holdings Inc.’s price target indicates a potential upside of 13.13% from the company’s previous close.

Several other equities analysts have also issued reports on FDX. Sanford C. Bernstein reissued a “hold” rating on shares of FedEx in a research note on Thursday, May 26th. Zacks Investment Research lowered FedEx from a “buy” rating to a “hold” rating in a research note on Monday, May 30th. Stifel Nicolaus increased their target price on FedEx from $174.00 to $178.00 and gave the stock a “buy” rating in a research note on Thursday, June 2nd. Morgan Stanley reissued a “hold” rating on shares of FedEx in a research note on Monday, June 6th. Finally, Bank of America Corp. reissued a “buy” rating on shares of FedEx in a research note on Thursday, June 16th. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $175.85.

Shares of FedEx (NYSE:FDX) traded up 5.935% during midday trading on Wednesday, hitting $172.304. The stock had a trading volume of 3,228,344 shares. FedEx has a one year low of $119.71 and a one year high of $173.40. The firm has a 50 day moving average price of $164.16 and a 200 day moving average price of $161.10. The stock has a market cap of $45.75 billion, a PE ratio of 26.468 and a beta of 1.35.

FedEx (NYSE:FDX) last posted its earnings results on Tuesday, September 20th. The shipping service provider reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.81 by $0.09. FedEx had a return on equity of 20.62% and a net margin of 3.61%. The firm had revenue of $14.70 billion for the quarter. During the same period in the previous year, the company posted $2.42 EPS. FedEx’s revenue was up 19.5% on a year-over-year basis. On average, equities analysts forecast that FedEx will post $11.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 12th will be issued a $0.40 dividend. The ex-dividend date is Thursday, September 8th. This represents a $1.60 annualized dividend and a dividend yield of 0.98%. FedEx’s dividend payout ratio is currently 24.84%.

In other news, EVP Robert B. Carter sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 11th. The stock was sold at an average price of $164.51, for a total value of $822,550.00. Following the completion of the sale, the executive vice president now directly owns 53,399 shares of the company’s stock, valued at approximately $8,784,669.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Alan B. Graf, Jr. sold 7,400 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $159.43, for a total value of $1,179,782.00. Following the completion of the sale, the executive vice president now directly owns 150,665 shares of the company’s stock, valued at $24,020,520.95. The disclosure for this sale can be found here. 8.67% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Primecap Management Co. CA boosted its position in shares of FedEx by 9.3% in the first quarter. Primecap Management Co. CA now owns 16,116,764 shares of the shipping service provider’s stock valued at $2,622,520,000 after buying an additional 1,371,175 shares in the last quarter. Dodge & Cox boosted its position in shares of FedEx by 0.6% in the first quarter. Dodge & Cox now owns 12,389,882 shares of the shipping service provider’s stock valued at $2,016,082,000 after buying an additional 78,290 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of FedEx by 50.9% in the first quarter. Wellington Management Group LLP now owns 8,540,880 shares of the shipping service provider’s stock valued at $1,389,772,000 after buying an additional 2,881,893 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of FedEx by 0.3% in the second quarter. Canada Pension Plan Investment Board now owns 3,146,806 shares of the shipping service provider’s stock valued at $477,622,000 after buying an additional 9,900 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of FedEx by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 2,989,163 shares of the shipping service provider’s stock valued at $453,713,000 after buying an additional 9,606 shares in the last quarter. 73.78% of the stock is owned by institutional investors and hedge funds.

FedEx Company Profile

FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company’s segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.

5 Day Chart for NYSE:FDX

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