Shell Asset Management Co. Acquires 2,076 Shares of FedEx Corporation $FDX

Key Points

• Shell Asset Management Co. increased its holdings in FedEx Corporation by 21.4%, acquiring an additional 2,076 shares in the second quarter, bringing their total to 11,780 shares valued at $2,678,000.
• FedEx recently announced a quarterly dividend of $1.45 per share, reflecting a 2.4% yield and a payout ratio of 33.86%.
• The company's quarterly earnings surpassed expectations with an EPS of $3.83, alongside a year-over-year revenue increase of 3.1% to reach $22.20 billion.

Shell Asset Management Co. raised its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 21.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,780 shares of the shipping service provider's stock after purchasing an additional 2,076 shares during the quarter. Shell Asset Management Co.'s holdings in FedEx were worth $2,678,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Abound Financial LLC acquired a new position in FedEx during the 1st quarter worth about $38,000. WPG Advisers LLC acquired a new position in FedEx during the 1st quarter worth about $43,000. Cary Street Partners Investment Advisory LLC lifted its position in 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 buying an additional 71 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in FedEx during the 1st quarter worth about $65,000. Finally, Motco boosted its position in FedEx by 61.8% in the 1st quarter. Motco now owns 267 shares of the shipping service provider's stock valued at $65,000 after buying an additional 102 shares during the last quarter. Institutional investors own 84.47% of the company's stock.

FedEx Stock Down 1.8%

NYSE:FDX opened at $242.61 on Wednesday. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $57.25 billion, a P/E ratio of 14.16, a P/E/G ratio of 1.37 and a beta of 1.28. The stock's fifty day simple moving average is $230.03 and its 200-day simple moving average is $225.94.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (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 analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm's revenue was up 3.1% on a year-over-year basis. During the same period last year, the company earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm 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. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.4%. FedEx's payout ratio is currently 33.86%.

Analysts Set New Price Targets

A number of research analysts have commented on FDX shares. Weiss Ratings reiterated a "hold (c)" rating on shares of FedEx in a research report on Saturday, September 27th. Wolfe Research increased their price objective on FedEx from $244.00 to $254.00 and gave the company an "outperform" rating in a research report on Friday, September 19th. Wells Fargo & Company increased their price objective on FedEx from $235.00 to $250.00 and gave the company an "equal weight" rating in a research report on Friday, September 19th. Raymond James Financial reiterated an "outperform" rating and issued a $255.00 price objective on shares of FedEx in a research report on Thursday, September 18th. Finally, Evercore ISI decreased their price objective on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $271.67.

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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