FedEx Corporation $FDX Shares Bought by Parkside Investments LLC

Parkside Investments LLC increased its stake in FedEx Corporation (NYSE:FDXFree Report) by 14.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,767 shares of the shipping service provider’s stock after acquiring an additional 1,999 shares during the period. Parkside Investments LLC’s holdings in FedEx were worth $3,718,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of FedEx by 78.9% during the 1st quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after buying an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of FedEx in the 2nd quarter worth $586,000. Focus Partners Advisor Solutions LLC boosted its holdings in FedEx by 139.5% in the second quarter. Focus Partners Advisor Solutions LLC now owns 3,944 shares of the shipping service provider’s stock valued at $896,000 after acquiring an additional 2,297 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its holdings in FedEx by 132.8% in the second quarter. Wealthfront Advisers LLC now owns 36,125 shares of the shipping service provider’s stock valued at $8,212,000 after acquiring an additional 20,608 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

FedEx Stock Up 0.7%

Shares of NYSE:FDX opened at $386.31 on Wednesday. The company has a market capitalization of $90.83 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.83 and a beta of 1.34. The company has a 50 day moving average of $325.67 and a two-hundred day moving average of $274.38. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $391.65. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDXGet Free Report) last announced its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. During the same period in the prior year, the firm earned $4.05 earnings per share. The business’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, analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on FDX shares. Oppenheimer restated a “market perform” rating on shares of FedEx in a research note on Friday, December 19th. Wolfe Research increased their target price on shares of FedEx from $355.00 to $394.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Argus raised their price target on shares of FedEx from $250.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FedEx in a research report on Monday, December 29th. Finally, Jefferies Financial Group boosted their price objective on shares of FedEx from $326.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average price target of $362.30.

Read Our Latest Analysis on FedEx

FedEx Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.