FedEx Corporation $FDX Shares Purchased by Cwm LLC

Key Points

• Cwm LLC significantly increased its holdings in FedEx Corporation by 155.1% during the second quarter, owning 23,726 shares valued at approximately $5.4 million.
• Several hedge funds have recently raised their stakes in FedEx, with institutional investors now holding 84.47% of the company's stock.
• FedEx reported earnings per share of $3.83 for the last quarter, exceeding analysts' expectations and marking a 3.1% increase in revenue year-over-year.

Cwm LLC raised its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 155.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,726 shares of the shipping service provider's stock after purchasing an additional 14,426 shares during the period. Cwm LLC's holdings in FedEx were worth $5,393,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. OFI Invest Asset Management lifted its stake in shares of FedEx by 67.2% in the 2nd quarter. OFI Invest Asset Management now owns 423 shares of the shipping service provider's stock worth $96,000 after acquiring an additional 170 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of FedEx by 24.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 29,250 shares of the shipping service provider's stock worth $6,650,000 after acquiring an additional 5,760 shares during the period. Johnson Investment Counsel Inc. lifted its stake in shares of FedEx by 4.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 3,319 shares of the shipping service provider's stock worth $754,000 after acquiring an additional 132 shares during the period. waypoint wealth counsel acquired a new stake in shares of FedEx in the 2nd quarter worth approximately $214,000. Finally, Matrix Asset Advisors Inc. NY lifted its stake in shares of FedEx by 12.4% in the 2nd quarter. Matrix Asset Advisors Inc. NY now owns 54,682 shares of the shipping service provider's stock worth $12,430,000 after acquiring an additional 6,049 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FDX has been the topic of a number of research reports. Daiwa Capital Markets boosted their target price on shares of FedEx from $232.00 to $240.00 and gave the stock a "neutral" rating in a report on Monday, September 22nd. Bank of America boosted their target price on shares of FedEx from $240.00 to $244.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Barclays reiterated an "overweight" rating and issued a $320.00 target price (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. UBS Group boosted their target price on shares of FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Finally, The Goldman Sachs Group dropped their target price on shares of FedEx from $290.00 to $276.00 and set a "buy" rating on the stock in a report on Friday, September 12th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, FedEx has a consensus rating of "Moderate Buy" and a consensus price target of $271.83.

FedEx Stock Up 0.3%

FDX stock opened at $235.39 on Thursday. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The company's 50 day simple moving average is $231.44 and its 200-day simple moving average 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. The firm has a market capitalization of $55.54 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.31 and a beta of 1.28.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly 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. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

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

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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