Fintel reports that on April 6, 2023,
Raymond James
upgraded
their outlook
for FedEx (NYSE:FDX) from Market Perform
to Outperform
.
Analyst Price Forecast Suggests 6.38% Upside
As of March 30, 2023,
the average one-year price target for FedEx is $244.60.
The forecasts range from a low of $146.45 to a high of $320.25.
The average price target represents an increase of 6.38% from its latest reported closing price of $229.93.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for FedEx
is $95,532MM, an increase of 3.15%.
The projected annual non-GAAP EPS
is $14.39.
FedEx Declares $1.15 Dividend
On February 17, 2023 the company declared a regular
quarterly dividend of $1.15 per share ($4.60 annualized).
Shareholders of record as of March 13, 2023
received the payment on April 3, 2023.
Previously, the company paid $1.15 per share.
At the current share price of $229.93 / share,
the stock’s dividend yield is 2.00%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.50%,
the lowest has been 0.79%,
and the highest has been 3.22%.
The standard deviation of yields is 0.53 (n=237).
The current dividend yield is
0.95 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.39.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.77%,
demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
Edmp
holds 5K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 4K shares, representing
an increase
of 21.28%.
The firm
increased
its portfolio allocation in FDX by 36.64% over the last quarter.
ACVF – American Conservative Values ETF
holds 0K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 8.25%.
The firm
increased
its portfolio allocation in FDX by 13.59% over the last quarter.
Macquarie Group
holds 12K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 12K shares, representing
an increase
of 3.94%.
The firm
decreased
its portfolio allocation in FDX by 57.85% over the last quarter.
Clear Creek Financial Management
holds 2K shares
representing 0.00% ownership of the company.
In it’s prior filing, the firm reported owning 0K shares, representing
an increase
of 100.00%.
Garrison Asset Management
holds 2K shares
representing 0.00% ownership of the company.
No change in the last quarter.
What is the Fund Sentiment?
There are 2367 funds or institutions reporting positions in FedEx.
This is an increase
of
15
owner(s) or 0.64% in the last quarter.
Average portfolio weight of all funds dedicated to FDX is 0.39%,
an increase
of 7.69%.
Total shares owned by institutions decreased
in the last three months by 2.75% to 214,725K shares.
The put/call ratio of FDX is 1.34, indicating a
bearish
outlook.
Fedex Background Information
(This description is provided by the company.)
FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $75 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its nearly 600,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities.
See all FedEx regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
