FedEx (NYSE:FDX) Price Target Lowered to $354.00 at Stifel Nicolaus

FedEx (NYSE:FDX) had its price target reduced by Stifel Nicolaus from $364.00 to $354.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the shipping service provider’s stock.

Several other research analysts also recently issued reports on the company. Stephens lowered their price objective on FedEx from $350.00 to $345.00 and set an “overweight” rating for the company in a research note on Friday, December 20th. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, December 20th. BNP Paribas upgraded shares of FedEx from a “strong sell” rating to a “strong-buy” rating in a report on Thursday, January 16th. Raymond James downgraded FedEx from an “outperform” rating to a “market perform” rating in a report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on FedEx in a research report on Friday, March 7th. They issued a “buy” rating and a $337.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $301.67.

FedEx Price Performance

Shares of NYSE:FDX opened at $230.25 on Friday. FedEx has a one year low of $217.22 and a one year high of $313.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.23 and a quick ratio of 1.19. The company has a market cap of $55.46 billion, a price-to-earnings ratio of 14.68, a PEG ratio of 1.11 and a beta of 1.23. The firm has a 50 day simple moving average of $259.95 and a 200 day simple moving average of $272.35.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, March 20th. The shipping service provider reported $4.51 earnings per share for the quarter, missing the consensus estimate of $4.56 by ($0.05). FedEx had a net margin of 4.45% and a return on equity of 15.59%. The firm had revenue of $22.16 billion for the quarter, compared to analyst estimates of $21.96 billion. During the same period last year, the business earned $3.86 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. Research analysts predict that FedEx will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 10th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Monday, March 10th. FedEx’s dividend payout ratio is currently 35.18%.

Insider Activity at FedEx

In related news, Director Amy B. Lane purchased 333 shares of the stock in a transaction that occurred on Thursday, December 26th. The stock was acquired at an average cost of $276.06 per share, with a total value of $91,927.98. Following the transaction, the director now owns 333 shares of the company’s stock, valued at $91,927.98. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan C. Schwab sold 3,980 shares of FedEx stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $276.45, for a total transaction of $1,100,271.00. Following the transaction, the director now directly owns 8,904 shares in the company, valued at $2,461,510.80. This represents a 30.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.87% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FDX. Fortitude Family Office LLC lifted its position in shares of FedEx by 144.4% during the 4th quarter. Fortitude Family Office LLC now owns 88 shares of the shipping service provider’s stock worth $25,000 after buying an additional 52 shares in the last quarter. Transce3nd LLC bought a new stake in FedEx during the fourth quarter worth $26,000. Peoples Financial Services CORP. purchased a new position in FedEx in the fourth quarter worth $28,000. City Holding Co. bought a new position in FedEx in the 4th quarter valued at $28,000. Finally, Kentucky Trust Co purchased a new stake in shares of FedEx during the 4th quarter valued at $28,000. 84.47% of the stock is owned by institutional investors.

FedEx Company Profile

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.