FedEx (NYSE:FDX) Hits New 52-Week High – Here’s What Happened

FedEx Corporation (NYSE:FDX) shares hit a new 52-week high during trading on Monday . The stock traded as high as $297.62 and last traded at $296.1850, with a volume of 273052 shares. The stock had previously closed at $293.13.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Truist Financial lifted their target price on shares of FedEx from $285.00 to $330.00 and gave the company a “buy” rating in a report on Friday, December 19th. Stifel Nicolaus set a $328.00 price target on shares of FedEx in a report on Friday, December 19th. TD Cowen upped their price objective on FedEx from $271.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Jefferies Financial Group increased their price target on shares of FedEx from $315.00 to $326.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, Bank of America lifted their price objective on FedEx from $285.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, FedEx presently has an average rating of “Moderate Buy” and an average price target of $298.92.

FedEx Trading Down 0.2%

The firm has a market cap of $72.23 billion, a P/E ratio of 16.94, a P/E/G ratio of 1.53 and a beta of 1.35. The stock has a 50 day simple moving average of $275.56 and a 200-day simple moving average of $247.57. 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 posted its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The firm had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. FedEx’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities research analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were issued a dividend of $1.45 per share. The ex-dividend date was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 1.9%. FedEx’s payout ratio is presently 31.97%.

Institutional Trading of FedEx

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in FedEx by 13.2% during the 3rd quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock valued at $5,527,870,000 after buying an additional 2,741,723 shares in the last quarter. Dodge & Cox increased its position in shares of FedEx by 12.0% during the third quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock worth $3,826,055,000 after acquiring an additional 1,742,666 shares during the period. Geode Capital Management LLC raised its stake in shares of FedEx by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock valued at $1,124,524,000 after acquiring an additional 28,450 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of FedEx by 5.9% in the third quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock valued at $1,135,411,000 after purchasing an additional 269,567 shares during the period. Finally, Valeo Financial Advisors LLC grew its stake in FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after purchasing an additional 3,730,273 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

About FedEx

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.