AEGON ASSET MANAGEMENT UK Plc Has $10.91 Million Holdings in FedEx Corporation $FDX

Key Points

• AEGON ASSET MANAGEMENT UK Plc has reduced its stake in FedEx Corporation by 15.2%, now holding shares worth approximately $10.91 million.
• FedEx recently reported a quarterly EPS of $3.83, exceeding expectations, and a revenue of $22.20 billion, showing a year-over-year increase of 3.1%.
• The company announced a quarterly dividend of $1.45, representing an annualized yield of 2.5% and a payout ratio of 33.86%.

AEGON ASSET MANAGEMENT UK Plc lowered its stake in FedEx Corporation (NYSE:FDX - Free Report) by 15.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,971 shares of the shipping service provider's stock after selling 8,620 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in FedEx were worth $10,906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock worth $4,994,848,000 after buying an additional 289,655 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in FedEx by 28,080.9% during 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 purchasing an additional 3,730,273 shares during the period. Invesco Ltd. boosted its stake in FedEx by 1.4% during the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock valued at $795,940,000 after purchasing an additional 43,989 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in FedEx by 7.1% during 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 purchasing an additional 135,290 shares during the period. Finally, ACR Alpine Capital Research LLC boosted its stake in FedEx by 85.9% during 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 purchasing an additional 732,266 shares during the period. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Price Performance

FedEx stock opened at $234.64 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The company has a market capitalization of $55.36 billion, a PE ratio of 13.70, a price-to-earnings-growth ratio of 1.28 and a beta of 1.28. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The business has a 50 day simple moving average of $231.26 and a 200 day simple moving average of $225.61.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter last year, the company earned $3.60 EPS. FedEx's revenue 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, sell-side analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were given a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.5%. FedEx's payout ratio is presently 33.86%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Jefferies Financial Group increased their target price on FedEx from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Raymond James Financial restated an "outperform" rating and set a $255.00 target price on shares of FedEx in a research note on Thursday, September 18th. BMO Capital Markets decreased their target price on FedEx from $260.00 to $255.00 and set a "market perform" rating for the company in a research note on Friday, September 19th. Wolfe Research upped their price target on FedEx from $254.00 to $298.00 in a report on Tuesday, October 7th. Finally, Daiwa Capital Markets raised their price objective on FedEx from $232.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $271.83.

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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