Entropy Technologies LP Has $8.29 Million Stock Holdings in FedEx Corporation $FDX

Entropy Technologies LP lifted its position in FedEx Corporation (NYSE:FDXFree Report) by 80.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,162 shares of the shipping service provider’s stock after buying an additional 15,650 shares during the quarter. FedEx comprises approximately 0.6% of Entropy Technologies LP’s holdings, making the stock its 27th largest position. Entropy Technologies LP’s holdings in FedEx were worth $8,292,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FDX. Grey Fox Wealth Advisors LLC bought a new position in FedEx in the 3rd quarter worth $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in FedEx during the second quarter valued at about $28,000. Ameriflex Group Inc. boosted its holdings in FedEx by 103.3% during the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after acquiring an additional 63 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of FedEx in the third quarter valued at about $39,000. Finally, Physician Wealth Advisors Inc. increased its stake in shares of FedEx by 27.5% in the third 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 during the period. 84.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FDX has been the subject of several research analyst reports. Truist Financial boosted their price objective on FedEx from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Rothschild & Co Redburn lifted their price target on FedEx from $317.00 to $371.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Wall Street Zen upgraded FedEx from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Weiss Ratings restated a “buy (b-)” rating on shares of FedEx in a research note on Monday, December 29th. Finally, Argus boosted their target price on shares of FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $371.00.

Read Our Latest Report on FedEx

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

FedEx Stock Performance

NYSE FDX opened at $352.77 on Friday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $392.86. 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 stock has a market cap of $82.94 billion, a P/E ratio of 19.45, a PEG ratio of 1.71 and a beta of 1.29. The company’s 50-day simple moving average is $345.31 and its 200 day simple moving average is $285.74.

FedEx (NYSE:FDXGet Free Report) last released its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The company had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. During the same period in the previous year, the business earned $4.05 earnings per share. The company’s quarterly revenue 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, research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be paid a $1.45 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 annualized dividend and a yield of 1.6%. FedEx’s payout ratio is currently 31.97%.

FedEx Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.