Short Interest in FedEx Corporation (NYSE:FDX) Decreases By 17.4%

FedEx Corporation (NYSE:FDXGet Free Report) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 3,425,555 shares, a decrease of 17.4% from the December 31st total of 4,146,682 shares. Based on an average daily volume of 1,906,564 shares, the short-interest ratio is currently 1.8 days. Currently, 1.5% of the company’s shares are short sold. Currently, 1.5% of the company’s shares are short sold. Based on an average daily volume of 1,906,564 shares, the short-interest ratio is currently 1.8 days.

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Here are the key news stories impacting FedEx this week:

Analyst Ratings Changes

FDX has been the subject of a number of recent analyst reports. Oppenheimer reissued a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. Jefferies Financial Group increased their target price on shares of FedEx from $315.00 to $326.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of FedEx in a research note on Tuesday, January 20th. The Goldman Sachs Group upped their price objective on shares of FedEx from $301.00 to $317.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, Rothschild & Co Redburn cut shares of FedEx from a “buy” rating to a “neutral” rating and set a $271.00 price objective for the company. in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $311.68.

Read Our Latest Stock Analysis on FedEx

FedEx Stock Up 2.6%

NYSE:FDX traded up $9.11 during mid-day trading on Wednesday, hitting $362.54. The stock had a trading volume of 2,530,946 shares, compared to its average volume of 2,060,640. FedEx has a twelve month low of $194.29 and a twelve month high of $365.35. The stock has a 50-day simple moving average of $296.56 and a two-hundred day simple moving average of $259.04. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $85.24 billion, a PE ratio of 19.99, a PEG ratio of 1.68 and a beta of 1.34.

FedEx (NYSE:FDXGet Free Report) last announced its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The company had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities research analysts anticipate that FedEx will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were paid a $1.45 dividend. The ex-dividend date was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 1.6%. FedEx’s dividend payout ratio (DPR) is currently 31.97%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Catalyst Financial Partners LLC lifted its stake in FedEx by 57.9% during the fourth quarter. Catalyst Financial Partners LLC now owns 1,456 shares of the shipping service provider’s stock worth $421,000 after purchasing an additional 534 shares during the last quarter. Moneco Advisors LLC increased its stake in FedEx by 3.9% in the fourth quarter. Moneco Advisors LLC now owns 968 shares of the shipping service provider’s stock valued at $280,000 after purchasing an additional 36 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. acquired a new stake in FedEx during the fourth quarter worth approximately $449,000. Oregon Public Employees Retirement Fund lifted its position in shares of FedEx by 0.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,893 shares of the shipping service provider’s stock worth $7,191,000 after buying an additional 100 shares during the last quarter. Finally, Summit Wealth Group LLC Co. purchased a new stake in shares of FedEx during the 4th quarter worth approximately $246,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

About FedEx

(Get Free Report)

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.

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