Vanguard Personalized Indexing Management LLC Increases Position in FedEx Corporation $FDX

Vanguard Personalized Indexing Management LLC raised its holdings in shares of FedEx Corporation (NYSE:FDX) by 13.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,228 shares of the shipping service provider’s stock after purchasing an additional 3,978 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in FedEx were worth $7,837,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in FDX. AEGON ASSET MANAGEMENT UK Plc raised its stake in FedEx by 70.8% during the third quarter. AEGON ASSET MANAGEMENT UK Plc now owns 81,923 shares of the shipping service provider’s stock valued at $19,310,000 after buying an additional 33,952 shares during the last quarter. Cabot Wealth Management Inc. increased its holdings in shares of FedEx by 2.6% during the third quarter. Cabot Wealth Management Inc. now owns 58,167 shares of the shipping service provider’s stock valued at $13,716,000 after acquiring an additional 1,470 shares in the last quarter. Exchange Bank boosted its stake in FedEx by 9.2% in the 3rd quarter. Exchange Bank now owns 2,953 shares of the shipping service provider’s stock worth $696,000 after purchasing an additional 250 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its position in FedEx by 18.1% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 46,781 shares of the shipping service provider’s stock valued at $11,032,000 after purchasing an additional 7,179 shares during the last quarter. Finally, First Citizens Bank & Trust Co. increased its stake in FedEx by 7.3% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 7,161 shares of the shipping service provider’s stock valued at $1,689,000 after purchasing an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

FDX has been the topic of several analyst reports. Bank of America upgraded shares of FedEx from a “neutral” rating to a “buy” rating and set a $365.00 target price on the stock in a research note on Friday, January 9th. Morgan Stanley lifted their target price on FedEx from $200.00 to $210.00 and gave the stock an “underweight” rating in a report on Friday, December 19th. Royal Bank Of Canada downgraded FedEx to a “sector perform” rating in a report on Wednesday, December 17th. Wolfe Research set a $355.00 target price on FedEx in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company upped their target price on shares of FedEx from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $303.86.

FedEx Stock Performance

FDX opened at $304.23 on Tuesday. The company’s 50 day moving average is $289.42 and its 200 day moving average is $255.01. 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 has a market cap of $71.53 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.53 and a beta of 1.35. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $318.83.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.80. The business had revenue of $23.47 billion for 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 revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, December 15th. FedEx’s payout ratio is presently 31.97%.

FedEx Profile

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.