Russell Investments Group Ltd. Acquires 26,023 Shares of FedEx Corporation $FDX

Key Points

• Russell Investments Group Ltd. raised its FedEx stake by 7.9%, buying 26,023 shares to hold 354,503 shares (about 0.15% of the company) valued at roughly $83.6 million at quarter-end.
• FedEx beat quarterly expectations, reporting $4.82 EPS vs. $4.02 expected and $23.47 billion in revenue, and set FY2026 guidance of $17.80–$19.00 EPS with analysts forecasting about $19.14.
• FedEx declared a $1.45 quarterly dividend (annualized $5.80, ~1.6% yield); the ex-dividend/record date is March 9 and the dividend will be paid April 1.

Russell Investments Group Ltd. raised its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 354,503 shares of the shipping service provider's stock after buying an additional 26,023 shares during the period. Russell Investments Group Ltd. owned about 0.15% of FedEx worth $83,597,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. New York State Teachers Retirement System lifted its position in FedEx by 2.3% in the third quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider's stock valued at $48,831,000 after purchasing an additional 4,734 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of FedEx by 10.6% in the third quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider's stock worth $11,419,000 after purchasing an additional 4,634 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of FedEx by 11.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider's stock worth $8,243,000 after purchasing an additional 3,514 shares during the last quarter. Savant Capital LLC increased its stake in shares of FedEx by 32.5% in the third quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider's stock worth $9,437,000 after buying an additional 9,806 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of FedEx by 34.9% in the third quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider's stock worth $5,679,000 after buying an additional 6,234 shares during the period. 84.47% of the stock is owned by institutional investors.

FedEx Stock Up 0.6%

Shares of FedEx stock opened at $361.22 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The company's fifty day simple moving average is $341.22 and its two-hundred day simple moving average is $283.87. The company has a market cap of $84.93 billion, a P/E ratio of 19.91, a PEG ratio of 1.71 and a beta of 1.29. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $392.86.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping the consensus estimate of $4.02 by $0.80. The firm had revenue of $23.47 billion during the quarter, compared to analysts' expectations of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be issued a $1.45 dividend. The ex-dividend date is Monday, March 9th. This represents a $5.80 annualized dividend and a yield of 1.6%. FedEx's dividend payout ratio (DPR) is 31.97%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FDX shares. JPMorgan Chase & Co. reissued a "neutral" rating on shares of FedEx in a research report on Tuesday, January 20th. Royal Bank Of Canada cut shares of FedEx to a "sector perform" rating in a research report on Wednesday, December 17th. Rothschild & Co Redburn upped their price objective on shares of FedEx from $317.00 to $371.00 and gave the company a "neutral" rating in a research note on Tuesday, February 24th. Zacks Research upgraded shares of FedEx from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 17th. Finally, Stephens raised their target price on FedEx from $330.00 to $405.00 and gave the stock an "overweight" rating in a research note on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $366.19.

About FedEx

FedEx Corporation NYSE: FDX is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx's core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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