Aberdeen Group plc Has $52.12 Million Position in FedEx Corporation $FDX

Key Points

• Aberdeen Group plc increased its holdings in FedEx Corporation by 19.7% during Q2, now owning $52.12 million worth of shares.
• FedEx reported an earnings per share (EPS) of $3.83 for the last quarter, beating analyst expectations and achieving a revenue of $22.20 billion.
• The company's recent quarterly dividend was set at $1.45, providing an annualized yield of 2.6% with a payout ratio of 33.86%.

Aberdeen Group plc increased its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 19.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 229,276 shares of the shipping service provider's stock after acquiring an additional 37,699 shares during the quarter. Aberdeen Group plc owned about 0.10% of FedEx worth $52,117,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FDX. Vanguard Group Inc. grew its holdings in FedEx by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock valued at $4,994,848,000 after buying an additional 289,655 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in FedEx by 28,080.9% in 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 buying an additional 3,730,273 shares in the last quarter. Invesco Ltd. grew its holdings in FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock valued at $795,940,000 after buying an additional 43,989 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in FedEx by 7.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider's stock valued at $495,041,000 after buying an additional 135,290 shares in the last quarter. Finally, ACR Alpine Capital Research LLC grew its holdings in FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock valued at $386,399,000 after buying an additional 732,266 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Performance

NYSE:FDX opened at $225.14 on Friday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The stock's 50-day simple moving average is $230.78 and its 200 day simple moving average is $225.76. The firm has a market capitalization of $53.12 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28.

FedEx (NYSE:FDX - Get Free Report) last released its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $21.74 billion. During the same quarter in the previous year, the business posted $3.60 earnings per share. The business's revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, September 8th. FedEx's payout ratio is currently 33.86%.

Analyst Ratings Changes

A number of brokerages have commented on FDX. Truist Financial reaffirmed a "buy" rating and issued a $275.00 price objective on shares of FedEx in a report on Wednesday, June 25th. BMO Capital Markets decreased their price objective on FedEx from $260.00 to $255.00 and set a "market perform" rating on the stock in a report on Friday, September 19th. Weiss Ratings reiterated a "hold (c)" rating on shares of FedEx in a research report on Wednesday. Sanford C. Bernstein upped their target price on FedEx from $247.00 to $250.00 and gave the company a "market perform" rating in a research report on Monday, September 22nd. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $274.00 target price (down from $284.00) on shares of FedEx in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $271.25.

FedEx Company Profile

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.

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