FedEx Corporation $FDX Stock Position Raised by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in FedEx by 24.5% in Q2, acquiring an additional 5,760 shares, bringing its total to 29,250 shares valued at $6.65 million.
• FedEx recently reported $3.83 earnings per share, exceeding analyst expectations of $3.71, with a revenue of $22.20 billion for the quarter, a 3.1% year-over-year increase.
• The company announced a quarterly dividend of $1.45 per share, yielding 2.5%, with a dividend payout ratio of 33.86%.

Vanguard Personalized Indexing Management LLC lifted its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 24.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,250 shares of the shipping service provider's stock after acquiring an additional 5,760 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in FedEx were worth $6,650,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Abound Financial LLC bought a new stake in shares of FedEx during the 1st quarter worth $38,000. WPG Advisers LLC bought a new stake in shares of FedEx during the 1st quarter worth $43,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after acquiring an additional 71 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of FedEx in the first quarter valued at $65,000. Finally, Motco lifted its holdings in shares of FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider's stock valued at $65,000 after purchasing an additional 102 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

FedEx Price Performance

Shares of NYSE:FDX opened at $229.51 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The business has a fifty day simple moving average of $231.02 and a 200 day simple moving average of $225.55. The firm has a market cap of $54.16 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 1.25 and a beta of 1.28.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period last year, the company earned $3.60 earnings per share. The business's 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, sell-side analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were issued a dividend of $1.45 per share. 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 (DPR) is 33.86%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FDX. Evercore ISI reduced their target price on FedEx from $243.00 to $239.00 in a report on Friday, September 19th. Sanford C. Bernstein increased their target price on FedEx from $247.00 to $250.00 and gave the company a "market perform" rating in a report on Monday, September 22nd. 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. TD Cowen increased their target price on FedEx from $269.00 to $271.00 and gave the company a "buy" rating in a report on Friday, September 19th. Finally, Wall Street Zen upgraded FedEx from a "hold" rating to a "buy" rating in a report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $273.08.

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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