FedEx Corporation $FDX Holdings Decreased by Capital International Investors

Capital International Investors decreased its position in shares of FedEx Corporation (NYSE:FDX) by 42.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 4,310,402 shares of the shipping service provider’s stock after selling 3,215,346 shares during the quarter. Capital International Investors’ holdings in FedEx were worth $1,016,478,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. Brighton Jones LLC grew its stake in shares of FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares during the last quarter. Empowered Funds LLC raised its position in shares of FedEx by 78.9% during the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of FedEx during the second quarter valued at $586,000. Atlantic Union Bankshares Corp acquired a new position in shares of FedEx in the second quarter worth about $250,000. Finally, Wedbush Securities Inc. lifted its position in shares of FedEx by 7.0% in the 2nd quarter. Wedbush Securities Inc. now owns 6,983 shares of the shipping service provider’s stock valued at $1,587,000 after acquiring an additional 454 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

FDX has been the subject of a number of research analyst reports. Argus increased their target price on FedEx from $250.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. BMO Capital Markets increased their price objective on FedEx from $290.00 to $400.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Weiss Ratings restated a “buy (b-)” rating on shares of FedEx in a report on Monday, December 29th. Jefferies Financial Group lifted their price objective on FedEx from $425.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Finally, The Goldman Sachs Group set a $364.00 price objective on shares of FedEx and gave the company a “buy” rating in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average target price of $366.19.

FedEx Stock Performance

Shares of FedEx stock opened at $361.22 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. The stock has a market capitalization of $84.93 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.71 and a beta of 1.29. The firm has a fifty day moving average of $341.22 and a two-hundred day moving average of $283.87. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $392.86.

FedEx (NYSE:FDX) last released its quarterly earnings data 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 analyst estimates of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. FedEx’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, equities research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, March 9th. FedEx’s dividend payout ratio is currently 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.