Commerzbank Aktiengesellschaft FI Buys 8,896 Shares of FedEx Corporation $FDX

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in FedEx Corporation by 29.0%, acquiring 8,896 shares, bringing its total holdings to 39,602 shares valued at approximately $9 million.
• FedEx reported a quarterly earnings per share of $3.83, exceeding analysts' expectations, with quarterly revenue of $22.20 billion, marking a 3.1% increase year-over-year.
• The company recently declared a quarterly dividend of $1.45 per share, resulting in an annualized dividend yield of 2.4%.

Commerzbank Aktiengesellschaft FI grew its stake in FedEx Corporation (NYSE:FDX - Free Report) by 29.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,602 shares of the shipping service provider's stock after purchasing an additional 8,896 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in FedEx were worth $9,002,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings 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 period. Valeo Financial Advisors LLC raised its holdings in shares of FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider's stock worth $850,948,000 after buying an additional 3,730,273 shares during the period. Invesco Ltd. raised its holdings in shares of FedEx by 1.4% in the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock worth $795,940,000 after buying an additional 43,989 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of FedEx by 7.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider's stock worth $495,041,000 after buying an additional 135,290 shares during the period. Finally, ACR Alpine Capital Research LLC raised its holdings in shares of FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after buying an additional 732,266 shares during the period. 84.47% of the stock is owned by institutional investors.

FedEx Trading Down 1.3%

Shares of NYSE FDX opened at $236.90 on Friday. 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 stock has a market capitalization of $55.90 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The business has a fifty day moving average price of $230.61 and a 200 day moving average price of $226.00.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts' consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx's dividend payout ratio is 33.86%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FDX. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $274.00 price target (down from $284.00) on shares of FedEx in a report on Wednesday. UBS Group raised their price objective on FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Dbs Bank upgraded FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. Cowen restated a "buy" rating on shares of FedEx in a report on Wednesday, June 25th. Finally, BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective on the stock in a report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned 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 presently has an average rating of "Moderate Buy" and an average target price of $271.25.

FedEx 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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