KLP Kapitalforvaltning AS Has $18.50 Million Stock Holdings in FedEx Corporation $FDX

Key Points

• KLP Kapitalforvaltning AS increased its stake in FedEx Corporation by 3.1% during the second quarter, holding 80,960 shares valued at approximately $18.5 million.
• FedEx reported a quarterly earnings per share (EPS) of $3.83, exceeding analyst expectations, with revenues of $22.20 billion for the quarter, reflecting a 3.1% year-over-year increase.
• The company declared a quarterly dividend of $1.45 per share, resulting in an annualized dividend yield of 2.4% and a payout ratio of 33.86%.

KLP Kapitalforvaltning AS lifted its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,960 shares of the shipping service provider's stock after purchasing an additional 2,400 shares during the period. KLP Kapitalforvaltning AS's holdings in FedEx were worth $18,503,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Valeo Financial Advisors LLC raised its position in shares of FedEx by 28,080.9% in 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 purchasing an additional 3,730,273 shares during the period. Nuveen LLC bought a new position in shares of FedEx in the first quarter valued at about $314,650,000. ACR Alpine Capital Research LLC raised its position in shares of FedEx by 85.9% in the first 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 purchasing an additional 732,266 shares during the period. Vanguard Group Inc. raised its position in shares of FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock valued at $4,994,848,000 after purchasing an additional 289,655 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in shares of FedEx by 302.6% in the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider's stock valued at $85,883,000 after purchasing an additional 264,792 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Trading Down 1.0%

Shares of FedEx stock opened at $239.95 on Thursday. The company has a market capitalization of $56.62 billion, a price-to-earnings ratio of 14.01, a PEG ratio of 1.35 and a beta of 1.28. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The firm's 50-day moving average price is $230.34 and its two-hundred day moving average price is $226.04.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Evercore ISI dropped their price objective on shares of FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Barclays reissued an "overweight" rating and issued a $320.00 price objective (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. TD Cowen raised their price target on shares of FedEx from $269.00 to $271.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. UBS Group raised their price target on shares of FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Finally, Wall Street Zen lowered shares of FedEx from a "buy" rating to a "hold" rating in a research report on Saturday, October 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, FedEx has an average rating of "Moderate Buy" and a consensus target price of $271.25.

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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