Davidson Investment Advisors Has $19.11 Million Stock Position in FedEx Corporation $FDX

Key Points

• Davidson Investment Advisors reduced its stake in FedEx Corporation by 2.2%, now holding shares worth approximately $19.11 million.
• FedEx reported better-than-expected earnings with an EPS of $3.83, exceeding estimates and achieving a 3.1% year-over-year revenue growth.
• Analysts have set new price targets for FedEx, with a consensus rating of "Moderate Buy" and an average target price of $271.83.

Davidson Investment Advisors lowered its position in FedEx Corporation (NYSE:FDX - Free Report) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,065 shares of the shipping service provider's stock after selling 1,849 shares during the period. Davidson Investment Advisors' holdings in FedEx were worth $19,109,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of 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 increased its position in shares of 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. increased its position in shares of 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 increased its position in shares of 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 increased its position in shares of 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. Institutional investors own 84.47% of the company's stock.

FedEx Trading Up 0.3%

Shares of NYSE:FDX opened at $235.39 on Thursday. The company's 50-day moving average price is $231.44 and its two-hundred day moving average price is $225.68. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The stock has a market capitalization of $55.54 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 1.31 and a beta of 1.28.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly 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 net margin of 4.65% and a return on equity of 16.33%. The firm had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.74 billion. During the same period in the previous year, the firm posted $3.60 EPS. The company'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, equities analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently commented on FDX shares. Susquehanna upped their price objective on shares of FedEx from $285.00 to $300.00 and gave the company a "positive" rating in a research report on Friday, September 19th. Raymond James Financial reaffirmed an "outperform" rating and issued a $255.00 target price on shares of FedEx in a research note on Thursday, September 18th. Stifel Nicolaus reduced their target price on shares of FedEx from $308.00 to $296.00 and set a "buy" rating for the company in a research note on Wednesday, September 17th. Vertical Research reduced their target price on shares of FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Finally, Cowen reaffirmed a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, FedEx has a consensus 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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