Pallas Capital Advisors LLC Boosts Stake in FedEx Corporation $FDX

Pallas Capital Advisors LLC increased its position in shares of FedEx Corporation (NYSE:FDX) by 142.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,793 shares of the shipping service provider’s stock after buying an additional 7,524 shares during the quarter. Pallas Capital Advisors LLC’s holdings in FedEx were worth $3,017,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FDX. State of New Jersey Common Pension Fund D boosted its holdings in shares of FedEx by 2.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 77,993 shares of the shipping service provider’s stock valued at $18,392,000 after acquiring an additional 1,526 shares during the period. PNC Financial Services Group Inc. raised its position in FedEx by 2.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 74,378 shares of the shipping service provider’s stock valued at $17,539,000 after purchasing an additional 2,086 shares during the last quarter. GenTrust LLC acquired a new stake in FedEx during the 3rd quarter worth $276,000. Berkshire Asset Management LLC PA grew its position in FedEx by 8.3% during the 3rd quarter. Berkshire Asset Management LLC PA now owns 1,704 shares of the shipping service provider’s stock worth $402,000 after purchasing an additional 131 shares during the last quarter. Finally, Cidel Asset Management Inc. increased its stake in FedEx by 9.4% in the third quarter. Cidel Asset Management Inc. now owns 3,067 shares of the shipping service provider’s stock valued at $723,000 after purchasing an additional 263 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Rothschild & Co Redburn set a $271.00 target price on shares of FedEx in a research note on Wednesday, January 21st. TD Cowen increased their price objective on FedEx from $313.00 to $383.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley boosted their target price on FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a report on Friday, December 19th. Wolfe Research increased their price target on FedEx from $355.00 to $394.00 and gave the stock an “outperform” rating in a report on Tuesday, February 10th. Finally, Royal Bank Of Canada lowered shares of FedEx to a “sector perform” rating in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $355.50.

FedEx Trading Up 1.4%

Shares of FDX stock opened at $374.61 on Tuesday. The business’s fifty day moving average price is $313.52 and its 200 day moving average price is $267.59. The firm has a market capitalization of $88.08 billion, a PE ratio of 20.65, a P/E/G ratio of 1.81 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $380.86.

FedEx (NYSE:FDX) last released its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS 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 company had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. During the same quarter last year, the company earned $4.05 earnings per share. FedEx’s quarterly revenue was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, sell-side analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, March 9th. FedEx’s dividend payout ratio is presently 31.97%.

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.