FedEx Corporation $FDX Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in shares of FedEx Corporation (NYSE:FDX) by 34.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,085 shares of the shipping service provider’s stock after buying an additional 6,234 shares during the quarter. Pacer Advisors Inc.’s holdings in FedEx were worth $5,679,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WealthPlan Investment Management LLC raised its holdings in FedEx by 3.2% in the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock valued at $327,000 after acquiring an additional 44 shares during the last quarter. L2 Asset Management LLC grew its position in shares of FedEx by 4.9% in the second quarter. L2 Asset Management LLC now owns 985 shares of the shipping service provider’s stock valued at $224,000 after purchasing an additional 46 shares in the last quarter. Stonebridge Capital Advisors LLC increased its holdings in shares of FedEx by 4.1% in the second quarter. Stonebridge Capital Advisors LLC now owns 1,163 shares of the shipping service provider’s stock valued at $264,000 after purchasing an additional 46 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in FedEx by 1.3% during the second quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 3,922 shares of the shipping service provider’s stock worth $892,000 after buying an additional 49 shares in the last quarter. Finally, Loudon Investment Management LLC lifted its position in FedEx by 5.0% during the second quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock worth $239,000 after buying an additional 50 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Down 1.2%

Shares of NYSE FDX opened at $292.79 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $269.40 and its two-hundred day moving average is $244.59. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $297.00. The firm has a market cap of $68.84 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.48 and a beta of 1.32.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The business had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $22.79 billion. During the same period in the previous year, the firm posted $4.05 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a $1.45 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 2.0%. FedEx’s dividend payout ratio (DPR) is presently 31.97%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Wolfe Research raised their target price on FedEx from $322.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, December 19th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of FedEx from $276.00 to $322.00 and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Sanford C. Bernstein lifted their target price on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research note on Monday, September 22nd. Royal Bank Of Canada cut shares of FedEx to a “sector perform” rating in a research note on Wednesday, December 17th. Finally, Vertical Research reduced their price target on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $298.92.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.