Blueshift Asset Management LLC Raises Stock Holdings in FedEx Corporation $FDX

Blueshift Asset Management LLC boosted its stake in shares of FedEx Corporation (NYSE:FDX) by 26.4% during the second quarter, Holdings Channel reports. The firm owned 8,005 shares of the shipping service provider’s stock after purchasing an additional 1,673 shares during the quarter. FedEx comprises about 0.6% of Blueshift Asset Management LLC’s holdings, making the stock its 28th biggest position. Blueshift Asset Management LLC’s holdings in FedEx were worth $1,820,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in 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 buying an additional 207 shares in the last quarter. Baker Avenue Asset Management LP purchased a new stake in shares of FedEx during the first quarter worth about $219,000. IFG Advisory LLC grew its position in shares of FedEx by 9.7% during the first quarter. IFG Advisory LLC now owns 2,555 shares of the shipping service provider’s stock worth $623,000 after purchasing an additional 225 shares in the last quarter. Jupiter Asset Management Ltd. bought a new stake in FedEx during the 1st quarter valued at approximately $4,235,000. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in FedEx in the 1st quarter worth approximately $596,000. Institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on FDX. UBS Group lifted their price target on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a report on Friday, September 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FedEx in a research report on Wednesday, November 26th. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st. Truist Financial set a $285.00 price objective on FedEx in a research note on Tuesday, October 14th. Finally, BMO Capital Markets upped their price objective on FedEx from $255.00 to $265.00 and gave the stock a “market perform” rating in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.54.

FedEx Stock Performance

FDX stock opened at $273.09 on Tuesday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $302.02. The firm has a market cap of $64.44 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.43 and a beta of 1.32. The business’s fifty day simple moving average is $250.66 and its two-hundred day simple moving average is $235.64. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

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

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 2.1%. FedEx’s dividend payout ratio (DPR) is presently 33.86%.

About FedEx

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.