Strategic Blueprint LLC boosted its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 73.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,103 shares of the shipping service provider's stock after buying an additional 1,743 shares during the period. Strategic Blueprint LLC's holdings in FedEx were worth $1,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of FedEx by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 20,199,506 shares of the shipping service provider's stock valued at $5,682,727,000 after purchasing an additional 56,236 shares during the period. Dodge & Cox increased its holdings in FedEx by 5.6% in the 4th quarter. Dodge & Cox now owns 13,889,624 shares of the shipping service provider's stock worth $3,907,568,000 after buying an additional 734,268 shares during the period. Geode Capital Management LLC increased its holdings in FedEx by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 4,798,797 shares of the shipping service provider's stock worth $1,350,686,000 after buying an additional 109,006 shares during the period. Franklin Resources Inc. increased its holdings in FedEx by 8.1% in the 4th quarter. Franklin Resources Inc. now owns 4,298,646 shares of the shipping service provider's stock worth $1,209,338,000 after buying an additional 323,115 shares during the period. Finally, Invesco Ltd. increased its holdings in FedEx by 4.1% in the 4th quarter. Invesco Ltd. now owns 3,221,004 shares of the shipping service provider's stock worth $906,165,000 after buying an additional 127,044 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on FDX. Raymond James Financial reiterated an "outperform" rating and issued a $260.00 price objective (down previously from $275.00) on shares of FedEx in a research note on Wednesday, June 25th. Cfra Research raised FedEx to a "hold" rating in a report on Thursday, March 20th. Truist Financial reaffirmed a "buy" rating and set a $275.00 price objective on shares of FedEx in a research note on Wednesday, June 25th. Cowen restated a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. Finally, Susquehanna raised their target price on FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a research report on Wednesday, June 25th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and an average target price of $282.46.
Get Our Latest Stock Analysis on FedEx
FedEx Trading Up 0.7%
FDX stock traded up $1.74 during mid-day trading on Friday, hitting $240.88. 2,410,389 shares of the company were exchanged, compared to its average volume of 1,851,340. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $57.71 billion, a P/E ratio of 14.27, a PEG ratio of 1.26 and a beta of 1.35. The business has a fifty day simple moving average of $222.83 and a 200-day simple moving average of $241.18. FedEx Corporation has a 12-month low of $194.30 and a 12-month high of $313.84.
FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, topping the consensus estimate of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.86 billion. During the same period last year, the business posted $5.41 earnings per share. On average, equities research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.
FedEx Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 8th. Stockholders of record on Monday, June 23rd will be paid a $1.45 dividend. This is a positive change from FedEx's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $5.80 annualized dividend and a dividend yield of 2.41%. FedEx's dividend payout ratio (DPR) is presently 34.36%.
About FedEx
(
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
Before you consider FedEx, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FedEx wasn't on the list.
While FedEx currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
