FedEx (NYSE:FDX) Sets New 12-Month High - Here's Why

Key Points

• 52‑week high: FedEx shares hit a new 52‑week high near $392.86 after a stronger‑than‑expected March quarter (EPS $5.25 vs. $4.12) and guidance reiteration, with multiple analysts raising ratings and price targets to support buying interest.
• Insider selling: Executives and directors have sold material blocks recently (insiders sold ~48,104 shares worth about $17.6M over the last quarter, including several multi‑million dollar sales), which could cap near‑term upside.
• Management change: CFO John Dietrich will step down June 1 with an interim named, a move management ties to the planned FedEx Freight spinoff and broader restructuring that investors should monitor for governance and execution risk.

FedEx Corporation (NYSE:FDX - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as $392.86 and last traded at $391.1570, with a volume of 1056320 shares changing hands. The stock had previously closed at $380.88.

Key FedEx News

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Analyst upgrades and price‑target raises (including Wells Fargo and Stephens) have lifted sentiment and likely supported buying interest; several firms reiterated or raised targets after FedEx’s March-quarter beat. Wells Fargo Sticks to Its Buy Rating for FedEx (FDX)
• Positive Sentiment: FedEx reported better‑than‑expected March quarter results (EPS and revenue beat) and has reiterated guidance, which reduces near‑term earnings uncertainty and supports upside expectations. MarketBeat: FedEx financials & analyst consensus
• Neutral Sentiment: The CFO, John Dietrich, is scheduled to step down June 1 with an interim named; management says this follows the planned FedEx Freight spinoff — notable for governance but described as part of broader restructuring. FedEx CFO to Step Down
• Neutral Sentiment: CEO comments that tariffs are affecting the business highlight a macro headwind to margins and costs to monitor, particularly for international flows. FedEx CEO: Tariff impact (short)
• Neutral Sentiment: Industry/competitive note — Uber Eats launched a retail returns feature, signaling expanding competition in fast consumer returns/logistics; likely modest near term but worth watching for retail return options. Uber Eats launches retail returns feature
• Negative Sentiment: Material insider selling this week: EVP Tracy B. Brightman sold ~16,959 shares (~$6.16M) and Director Susan C. Schwab sold 5,795 shares (~$2.14M). Large, clustered insider trims can be perceived negatively and may cap near‑term momentum. SEC Form 4 (Brightman) SEC Form 4 (Schwab)

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BNP Paribas Exane set a $280.00 price objective on FedEx and gave the company a "neutral" rating in a research note on Tuesday, January 13th. Weiss Ratings restated a "buy (b-)" rating on shares of FedEx in a report on Monday, December 29th. Argus lifted their target price on FedEx from $350.00 to $400.00 and gave the company a "buy" rating in a research report on Monday, April 6th. The Goldman Sachs Group increased their price target on shares of FedEx from $364.00 to $369.00 and gave the stock a "buy" rating in a research report on Friday, March 13th. Finally, BMO Capital Markets lifted their price objective on shares of FedEx from $400.00 to $410.00 and gave the company a "market perform" rating in a report on Friday, March 20th. Eighteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $398.04.

FedEx Trading Up 2.9%

The firm has a market capitalization of $93.50 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.60 and a beta of 1.28. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47. The company has a 50-day moving average price of $367.19 and a 200-day moving average price of $308.36.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share for the quarter, topping the consensus estimate of $4.12 by $1.13. The firm had revenue of $24 billion during the quarter, compared to analysts' expectations of $23.44 billion. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The firm's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.51 earnings per share. As a group, research analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th were issued a $1.45 dividend. The ex-dividend date was Monday, March 9th. This represents a $5.80 annualized dividend and a dividend yield of 1.5%. FedEx's dividend payout ratio is presently 30.87%.

Insider Activity at FedEx

In other news, EVP Gina F. Adams sold 20,450 shares of FedEx stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $366.45, for a total transaction of $7,493,902.50. Following the sale, the executive vice president owned 19,403 shares in the company, valued at approximately $7,110,229.35. The trade was a 51.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kawal Preet sold 4,900 shares of the business's stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $367.89, for a total value of $1,802,661.00. Following the completion of the sale, the executive vice president directly owned 10,953 shares of the company's stock, valued at $4,029,499.17. The trade was a 30.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,104 shares of company stock valued at $17,599,006 over the last quarter. 0.53% of the stock is owned by insiders.

Institutional Investors Weigh In On FedEx

Several large investors have recently modified their holdings of FDX. Norges Bank acquired a new stake in FedEx during the 4th quarter worth $859,085,000. Vanguard Group Inc. increased its stake in FedEx by 13.2% in the third quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider's stock valued at $5,527,870,000 after purchasing an additional 2,741,723 shares during the period. Boston Partners purchased a new stake in shares of FedEx in the third quarter valued at about $468,195,000. Dodge & Cox boosted its stake 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 buying an additional 1,742,666 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of FedEx by 169.2% during the third quarter. AQR Capital Management LLC now owns 2,733,905 shares of the shipping service provider's stock worth $638,203,000 after buying an additional 1,718,278 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Company Profile

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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