FedEx Corporation $FDX Shares Purchased by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its position in FedEx Corporation (NYSE:FDX - Free Report) by 33.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,075 shares of the shipping service provider's stock after acquiring an additional 10,077 shares during the quarter. Vontobel Holding Ltd.'s holdings in FedEx were worth $9,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new position in shares of FedEx during the first quarter worth about $38,000. WPG Advisers LLC acquired a new position in shares of FedEx during the first quarter worth about $43,000. Cary Street Partners Investment Advisory LLC lifted its stake in shares of FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after purchasing an additional 71 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in shares of FedEx during the first quarter worth about $65,000. Finally, Motco lifted its stake in shares of FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider's stock worth $65,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Trading Down 1.3%

NYSE:FDX opened at $236.90 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The business's 50-day simple moving average is $230.61 and its 200 day simple moving average is $226.00. The stock has a market cap of $55.90 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 1.33 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 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. The business had revenue of $22.20 billion for 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 company's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on FDX. Jefferies Financial Group boosted their price objective on FedEx from $275.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Citigroup boosted their price objective on FedEx from $275.00 to $279.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. Stifel Nicolaus reduced their price objective on FedEx from $308.00 to $296.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. Wolfe Research boosted their price objective on FedEx from $244.00 to $254.00 and gave the stock an "outperform" rating in a research note on Friday, September 19th. Finally, UBS Group boosted their price objective on FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. 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 given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $271.25.

About FedEx

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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