Nebula Research & Development LLC Acquires New Stake in FedEx Corporation $FDX

Nebula Research & Development LLC purchased a new stake in shares of FedEx Corporation (NYSE:FDX) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 21,311 shares of the shipping service provider’s stock, valued at approximately $4,844,000. FedEx comprises approximately 0.4% of Nebula Research & Development LLC’s portfolio, making the stock its 20th biggest position.

A number of other institutional investors and hedge funds have also bought and sold shares of FDX. NewEdge Advisors LLC raised its position in shares of FedEx by 37.2% during the 2nd quarter. NewEdge Advisors LLC now owns 16,492 shares of the shipping service provider’s stock valued at $3,749,000 after buying an additional 4,475 shares in the last quarter. BCS Private Wealth Management Inc. purchased a new stake in FedEx during the second quarter valued at about $275,000. Investment Management Corp of Ontario raised its position in FedEx by 203.6% during the second quarter. Investment Management Corp of Ontario now owns 19,509 shares of the shipping service provider’s stock valued at $4,435,000 after purchasing an additional 13,084 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in FedEx by 6.8% during the second quarter. Daiwa Securities Group Inc. now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after purchasing an additional 2,211 shares during the last quarter. Finally, Certuity LLC boosted its holdings in shares of FedEx by 18.1% in the 2nd quarter. Certuity LLC now owns 1,417 shares of the shipping service provider’s stock worth $322,000 after purchasing an additional 217 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Performance

FedEx stock opened at $284.02 on Thursday. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The firm has a market cap of $67.02 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.42 and a beta of 1.32. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $295.24. The firm has a 50-day moving average of $256.06 and a 200-day moving average of $238.15.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be issued a $1.45 dividend. The ex-dividend date is Monday, December 15th. This represents a $5.80 annualized dividend and a yield of 2.0%. FedEx’s payout ratio is 33.86%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Sanford C. Bernstein boosted their target price on FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research report on Monday, September 22nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $255.00 price objective on shares of FedEx in a research note on Thursday, September 18th. Citigroup increased their target price on shares of FedEx from $279.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, November 13th. HSBC boosted their price target on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Finally, Vertical Research reduced their price objective on FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $281.79.

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.