GFS Advisors LLC Acquires Shares of 98,903 FedEx Corporation $FDX

Key Points

• GFS Advisors LLC acquired 98,903 shares of FedEx Corporation, valued at approximately $22,482,000, making it the firm's 7th largest holding.
• FedEx's recent quarterly earnings report revealed an EPS of $3.83, surpassing estimates, along with a year-over-year revenue increase of 3.1%.
• Analysts are generally optimistic about FedEx, with an average rating of "Moderate Buy" and a consensus price target of $271.25.

GFS Advisors LLC acquired a new stake in shares of FedEx Corporation (NYSE:FDX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 98,903 shares of the shipping service provider's stock, valued at approximately $22,482,000. FedEx comprises 3.1% of GFS Advisors LLC's holdings, making the stock its 7th biggest holding.

A number of other large investors have also added to or reduced their stakes in FDX. Valeo Financial Advisors LLC raised its stake 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 valued at $850,948,000 after buying an additional 3,730,273 shares during the last quarter. Nuveen LLC bought a new stake in shares of FedEx in the 1st quarter worth $314,650,000. ACR Alpine Capital Research LLC increased its holdings 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 worth $386,399,000 after purchasing an additional 732,266 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 worth $4,994,848,000 after purchasing an additional 289,655 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased 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 purchasing an additional 264,792 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on FDX. Daiwa Capital Markets lifted their target price on FedEx from $232.00 to $240.00 and gave the stock a "neutral" rating in a report on Monday, September 22nd. Sanford C. Bernstein lifted their target price on FedEx from $247.00 to $250.00 and gave the stock a "market perform" rating in a report on Monday, September 22nd. Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. Stifel Nicolaus reduced their target price on FedEx from $308.00 to $296.00 and set a "buy" rating for the company in a report on Wednesday, September 17th. Finally, Citigroup lifted their price objective on FedEx from $275.00 to $279.00 and gave the stock a "buy" rating in a report on Friday, September 19th. One 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 assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $271.25.

FedEx Stock Performance

NYSE:FDX opened at $225.14 on Friday. The stock has a 50-day simple moving average of $230.78 and a two-hundred day simple moving average of $225.76. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The firm has a market capitalization of $53.12 billion, a PE ratio of 13.14, a P/E/G ratio of 1.25 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 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 business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the company posted $3.60 earnings per share. FedEx'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. Analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently declared 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 2.6%. The ex-dividend date of this dividend was Monday, September 8th. FedEx's payout ratio is currently 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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