Simplicity Wealth LLC acquired a new position in FedEx Corporation (NYSE:FDX - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,072 shares of the shipping service provider's stock, valued at approximately $471,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Abound Financial LLC bought a new stake in shares of FedEx during the first quarter worth $38,000. WPG Advisers LLC bought a new stake in shares of FedEx during the first quarter worth $43,000. Cary Street Partners Investment Advisory LLC raised its position in shares of FedEx by 60.7% during the first 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 during the last quarter. Alpine Bank Wealth Management bought a new stake in shares of FedEx during the first quarter worth $65,000. Finally, Motco raised its position in shares of FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider's stock worth $65,000 after acquiring an additional 102 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company's stock.
FedEx Stock Performance
Shares of NYSE FDX opened at $239.95 on Thursday. The stock has a 50 day moving average price of $230.34 and a 200 day moving average price of $226.04. 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 stock has a market capitalization of $56.62 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28.
FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 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 firm had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. During the same period in the prior year, the firm posted $3.60 earnings per share. The business's quarterly 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. Analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.
FedEx Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were paid a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.4%. FedEx's dividend payout ratio is currently 33.86%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the company. Susquehanna boosted their target price on FedEx from $285.00 to $300.00 and gave the stock a "positive" rating in a research report on Friday, September 19th. Jefferies Financial Group boosted their target price on FedEx from $275.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. Weiss Ratings reiterated a "hold (c)" rating on shares of FedEx in a report on Wednesday. Dbs Bank upgraded FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $255.00 price objective on shares of FedEx in a report on Thursday, September 18th. One 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 issued a Sell rating to the company. Based on data from MarketBeat, FedEx currently has a consensus rating of "Moderate Buy" and an average target price of $271.25.
Get Our Latest Analysis on FedEx
FedEx Company Profile
(
Free Report)
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.
Further Reading
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