Ingalls & Snyder LLC Has $1.50 Million Holdings in FedEx Corporation $FDX

Ingalls & Snyder LLC boosted its holdings in shares of FedEx Corporation (NYSE:FDX) by 9.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 6,601 shares of the shipping service provider’s stock after acquiring an additional 567 shares during the quarter. Ingalls & Snyder LLC’s holdings in FedEx were worth $1,500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its position in FedEx by 154.6% during the second quarter. Brighton Jones LLC now owns 4,451 shares of the shipping service provider’s stock worth $1,012,000 after buying an additional 2,703 shares during the last quarter. Ramsay Stattman Vela & Price Inc. grew its position in shares of FedEx by 0.7% in the second quarter. Ramsay Stattman Vela & Price Inc. now owns 16,325 shares of the shipping service provider’s stock valued at $3,711,000 after purchasing an additional 117 shares during the last quarter. AG2R LA Mondiale Gestion D Actifs grew its position in shares of FedEx by 3.2% in the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 9,113 shares of the shipping service provider’s stock valued at $2,071,000 after purchasing an additional 280 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its position in shares of FedEx by 139.5% in the second quarter. Focus Partners Advisor Solutions LLC now owns 3,944 shares of the shipping service provider’s stock valued at $896,000 after purchasing an additional 2,297 shares during the last quarter. Finally, Keeler Thomas Management LLC acquired a new position in shares of FedEx in the second quarter valued at approximately $1,780,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Up 1.3%

Shares of FDX stock opened at $241.24 on Monday. 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 market cap of $56.92 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. The stock has a 50 day simple moving average of $233.05 and a 200 day simple moving average of $226.75. FedEx Corporation has a 1 year low of $194.29 and a 1 year 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 the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same period in the prior year, the company earned $3.60 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. The Goldman Sachs Group decreased their target price on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. HSBC upped their target price on FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Citigroup upped their target price on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Vertical Research cut their price target on FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and a consensus target price of $271.83.

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.