Mutual Advisors LLC Increases Stake in FedEx Corporation $FDX

Mutual Advisors LLC increased its position in FedEx Corporation (NYSE:FDX) by 2.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,878 shares of the shipping service provider’s stock after purchasing an additional 99 shares during the period. Mutual Advisors LLC’s holdings in FedEx were worth $943,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new stake in FedEx in the 1st quarter worth about $38,000. WPG Advisers LLC purchased a new position in FedEx during the 1st quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC grew its holdings in FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after buying an additional 71 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in FedEx during the 1st quarter valued at about $65,000. Finally, Motco grew its holdings in FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

FDX has been the subject of a number of recent analyst reports. Barclays reaffirmed an “overweight” rating and set a $320.00 target price (down previously from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Stifel Nicolaus reduced their target price on FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. UBS Group lifted their target price on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a report on Friday, September 19th. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, Sanford C. Bernstein lifted their price target on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Stock Performance

Shares of FDX opened at $238.55 on Friday. The company has a market cap of $56.29 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average price of $231.90 and a 200-day moving average price of $225.47. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53.

FedEx (NYSE:FDX) last released its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were given a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. FedEx’s payout ratio is presently 33.86%.

FedEx 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.