Envestnet Asset Management Inc. Increases Stake in FedEx Corporation $FDX

Envestnet Asset Management Inc. grew its position in FedEx Corporation (NYSE:FDX) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 409,973 shares of the shipping service provider’s stock after acquiring an additional 28,675 shares during the period. Envestnet Asset Management Inc.’s holdings in FedEx were worth $96,676,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC acquired a new stake in shares of FedEx in the 3rd quarter valued at approximately $27,000. NewSquare Capital LLC raised its position in FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in FedEx in the second quarter valued at $28,000. Physician Wealth Advisors Inc. boosted its position in shares of FedEx by 27.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider’s stock worth $51,000 after purchasing an additional 47 shares in the last quarter. Finally, City Holding Co. boosted its position in shares of FedEx by 167.0% during the 3rd quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after purchasing an additional 167 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on FDX shares. Susquehanna reduced their price objective on shares of FedEx from $345.00 to $340.00 in a research note on Tuesday, December 23rd. The Goldman Sachs Group increased their target price on shares of FedEx from $301.00 to $317.00 and gave the company a “buy” rating in a report on Friday, December 19th. Wolfe Research set a $355.00 price target on FedEx in a research note on Wednesday, January 21st. Wall Street Zen raised FedEx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Finally, Rothschild & Co Redburn set a $271.00 price objective on FedEx in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $315.93.

FedEx Stock Up 1.4%

Shares of NYSE:FDX opened at $369.20 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $86.81 billion, a P/E ratio of 20.35, a P/E/G ratio of 1.85 and a beta of 1.34. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $370.86. The stock’s fifty day simple moving average is $301.92 and its 200-day simple moving average is $261.69.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The firm had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. During the same quarter in the previous year, the company posted $4.05 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, equities research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were given a dividend of $1.45 per share. The ex-dividend date was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 1.6%. FedEx’s dividend payout ratio (DPR) is 31.97%.

About FedEx

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.