Skandinaviska Enskilda Banken AB publ Has $10.88 Million Holdings in FedEx Corporation $FDX

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of FedEx Corporation (NYSE:FDX) by 0.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,851 shares of the shipping service provider’s stock after acquiring an additional 200 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in FedEx were worth $10,877,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in FedEx by 1.0% during the second quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider’s stock valued at $4,705,391,000 after purchasing an additional 211,165 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of FedEx by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock valued at $1,124,524,000 after buying an additional 28,450 shares during the period. Franklin Resources Inc. grew its holdings in shares of FedEx by 2.1% during the 2nd quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider’s stock valued at $1,033,208,000 after acquiring an additional 94,136 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of FedEx by 1.4% in the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock worth $795,940,000 after acquiring an additional 43,989 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FDX shares. JPMorgan Chase & Co. reissued a “neutral” rating on shares of FedEx in a research report on Thursday, November 13th. Citigroup raised their price target on FedEx from $279.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, November 13th. 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 report on Monday, September 22nd. The Goldman Sachs Group dropped their price objective on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Finally, Stifel Nicolaus lifted their target price on shares of FedEx from $296.00 to $297.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average target price of $276.13.

FedEx Stock Down 0.0%

Shares of FDX stock opened at $275.70 on Friday. The stock’s 50 day simple moving average is $249.80 and its 200 day simple moving average is $235.32. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $304.76. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The company has a market capitalization of $65.05 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.43 and a beta of 1.31.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $3.60 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be paid a $1.45 dividend. The ex-dividend date is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 2.1%. FedEx’s dividend payout ratio (DPR) is presently 33.86%.

About FedEx

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.