FedEx Corporation $FDX Shares Purchased by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its holdings in FedEx by 17.8% during Q2, now owning 106,075 shares worth approximately $24.11 million.
• Several other hedge funds, including a significant boost from Valeo Financial Advisors LLC at 28,080.9%, have also increased their stakes in FedEx, contributing to institutional investors owning 84.47% of the company.
• FedEx reported $3.83 EPS for the latest quarter, exceeding estimates, and announced a quarterly dividend of $1.45 per share, reflecting a dividend yield of 2.4%.

TD Asset Management Inc boosted its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 17.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,075 shares of the shipping service provider's stock after acquiring an additional 16,050 shares during the quarter. TD Asset Management Inc's holdings in FedEx were worth $24,112,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC boosted its holdings in FedEx by 28,080.9% during 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 in the last quarter. Nuveen LLC acquired a new stake in shares of FedEx during the 1st quarter valued at $314,650,000. ACR Alpine Capital Research LLC lifted its position in shares of 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 acquiring an additional 732,266 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock worth $4,994,848,000 after acquiring an additional 289,655 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of FedEx by 302.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider's stock worth $85,883,000 after acquiring an additional 264,792 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FDX. BMO Capital Markets reduced their target price on FedEx from $260.00 to $255.00 and set a "market perform" rating for the company in a report on Friday, September 19th. BNP Paribas Exane raised shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a research note on Thursday, July 3rd. Susquehanna raised their target price on shares of FedEx from $285.00 to $300.00 and gave the stock a "positive" rating in a report on Friday, September 19th. Daiwa Capital Markets boosted their price target on shares of FedEx from $232.00 to $240.00 and gave the company a "neutral" rating in a report on Monday, September 22nd. Finally, Truist Financial set a $285.00 price objective on shares of FedEx in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, FedEx presently has an average rating of "Moderate Buy" and a consensus price target of $271.83.

FedEx Trading Up 0.7%

NYSE:FDX opened at $238.55 on Friday. The stock has a market cap of $56.29 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. 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's 50-day moving average is $231.90 and its two-hundred day moving average is $225.61.

FedEx (NYSE:FDX - Get Free Report) last posted 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 business had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. During the same period last year, the company posted $3.60 earnings per share. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

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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