Vanguard Group Inc. Increases Stake in FedEx Corporation $FDX

Vanguard Group Inc. increased its position in shares of FedEx Corporation (NYSE:FDX) by 13.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,442,049 shares of the shipping service provider’s stock after purchasing an additional 2,741,723 shares during the period. Vanguard Group Inc. owned approximately 9.93% of FedEx worth $5,527,870,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. Brighton Jones LLC grew its stake in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after buying an additional 207 shares during the last quarter. Empowered Funds LLC boosted its holdings in FedEx by 78.9% during the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock valued at $2,514,000 after acquiring an additional 4,548 shares during the period. Sivia Capital Partners LLC bought a new position in FedEx in the 2nd quarter valued at $586,000. Koshinski Asset Management Inc. increased its stake in FedEx by 5.5% in the second quarter. Koshinski Asset Management Inc. now owns 1,758 shares of the shipping service provider’s stock worth $400,000 after purchasing an additional 92 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its position in shares of FedEx by 59.9% during the second quarter. Chicago Partners Investment Group LLC now owns 2,710 shares of the shipping service provider’s stock worth $645,000 after purchasing an additional 1,015 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Performance

FDX stock opened at $375.27 on Wednesday. FedEx Corporation has a one year low of $194.29 and a one year high of $381.99. The firm has a market cap of $88.23 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.81 and a beta of 1.34. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. The firm has a 50-day simple moving average of $315.52 and a two-hundred day simple moving average of $268.70.

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

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be given a $1.45 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.5%. FedEx’s dividend payout ratio (DPR) is presently 31.97%.

Analyst Ratings Changes

FDX has been the topic of a number of research analyst reports. Truist Financial upped their price target on shares of FedEx from $285.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Raymond James Financial upped their target price on shares of FedEx from $305.00 to $410.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. TD Cowen lifted their price target on shares of FedEx from $313.00 to $383.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Argus increased their price objective on FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, Barclays raised their price objective on FedEx from $360.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $358.00.

FedEx Company Profile

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.