FedEx Corporation $FDX Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd boosted its position in FedEx Corporation (NYSE:FDX) by 20.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,400 shares of the shipping service provider’s stock after purchasing an additional 741 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in FedEx were worth $1,000,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in FDX. NewSquare Capital LLC raised its holdings in FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after buying an additional 67 shares during the period. WPG Advisers LLC acquired a new position in FedEx during the 1st quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC raised its position in shares of 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 worth $46,000 after acquiring an additional 71 shares in the last quarter. Motco boosted its holdings in shares of FedEx by 61.8% in 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. Finally, Rise Advisors LLC boosted its position in shares of FedEx by 21.0% in the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after purchasing an additional 59 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Price Performance

Shares of FDX opened at $269.55 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The stock has a 50 day moving average of $245.20 and a 200-day moving average of $233.41. The firm has a market cap of $63.60 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.36 and a beta of 1.31.

FedEx (NYSE:FDX) last issued 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. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion for 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 firm’s revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, December 15th. FedEx’s payout ratio is presently 33.86%.

Analysts Set New Price Targets

A number of analysts have weighed in on FDX shares. TD Cowen increased their price objective on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Raymond James Financial restated an “outperform” rating and set a $255.00 target price on shares of FedEx in a research report on Thursday, September 18th. Wall Street Zen raised shares of FedEx from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Stifel Nicolaus lifted their price objective on FedEx from $296.00 to $297.00 and gave the company a “buy” rating in a research report on Thursday. Finally, HSBC increased their price target on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. One investment 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. Based on data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.13.

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.