FedEx Corporation (NYSE:FDX) had its price objective upped by J P Morgan Chase & Co from $237.00 to $264.00 in a research note issued to investors on Thursday morning. The firm currently has an overweight rating on the shipping service provider’s stock.

Several other equities analysts also recently weighed in on FDX. Oppenheimer Holdings, Inc. lifted their price target on shares of FedEx Corporation from $218.00 to $229.00 and gave the company an outperform rating in a report on Thursday, June 15th. CIBC lifted their price target on shares of FedEx Corporation from $218.00 to $229.00 and gave the company an outperform rating in a report on Thursday, June 15th. Vetr raised shares of FedEx Corporation from a sell rating to a hold rating and set a $206.26 price target on the stock in a report on Tuesday, June 20th. UBS AG reissued a buy rating and issued a $235.00 target price (up previously from $215.00) on shares of FedEx Corporation in a report on Wednesday, June 21st. Finally, Credit Suisse Group boosted their target price on shares of FedEx Corporation from $225.00 to $237.00 and gave the stock an outperform rating in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and twenty-two have given a buy rating to the stock. FedEx Corporation presently has a consensus rating of Buy and a consensus target price of $228.26.

FedEx Corporation (FDX) traded down 0.44% during mid-day trading on Thursday, reaching $221.25. 83,716 shares of the company’s stock traded hands. The stock has a 50 day moving average of $217.90 and a 200 day moving average of $206.26. FedEx Corporation has a 12-month low of $168.00 and a 12-month high of $227.00. The company has a market cap of $59.33 billion, a P/E ratio of 20.86 and a beta of 1.31.

FedEx Corporation (NYSE:FDX) last issued its quarterly earnings results on Tuesday, September 19th. The shipping service provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.17 by ($0.66). FedEx Corporation had a net margin of 4.72% and a return on equity of 20.69%. The firm had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.35 billion. During the same period in the prior year, the firm earned $2.90 EPS. FedEx Corporation’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, equities research analysts predict that FedEx Corporation will post $12.47 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Monday, September 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Friday, September 8th. FedEx Corporation’s dividend payout ratio (DPR) is presently 18.87%.

In related news, EVP Donald F. Colleran sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $220.00, for a total value of $2,200,000.00. Following the completion of the sale, the executive vice president now directly owns 30,499 shares of the company’s stock, valued at $6,709,780. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael L. Ducker sold 14,964 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $225.85, for a total transaction of $3,379,619.40. Following the completion of the sale, the chief executive officer now directly owns 53,397 shares of the company’s stock, valued at $12,059,712.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,172 shares of company stock valued at $6,039,193. 8.45% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Pensionfund Sabic purchased a new stake in FedEx Corporation in the third quarter worth about $2,369,000. Pensionfund DSM Netherlands purchased a new stake in FedEx Corporation in the third quarter worth about $4,286,000. Neville Rodie & Shaw Inc. lifted its stake in FedEx Corporation by 5.4% in the third quarter. Neville Rodie & Shaw Inc. now owns 29,072 shares of the shipping service provider’s stock worth $6,558,000 after acquiring an additional 1,477 shares during the period. Curbstone Financial Management Corp lifted its stake in FedEx Corporation by 145.4% in the third quarter. Curbstone Financial Management Corp now owns 3,482 shares of the shipping service provider’s stock worth $785,000 after acquiring an additional 2,063 shares during the period. Finally, Bath Savings Trust Co purchased a new stake in FedEx Corporation in the third quarter worth about $865,000. 75.88% of the stock is owned by institutional investors.

FedEx Corporation 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.

Analyst Recommendations for FedEx Corporation (NYSE:FDX)

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