Arrowstreet Capital Limited Partnership Buys 553,628 Shares of FedEx Corporation $FDX

Arrowstreet Capital Limited Partnership grew its stake in shares of FedEx Corporation (NYSE:FDX) by 228.9% in the second quarter, HoldingsChannel.com reports. The firm owned 795,495 shares of the shipping service provider’s stock after buying an additional 553,628 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in FedEx were worth $180,824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in FedEx in the second quarter worth about $186,000. Brandes Investment Partners LP raised its holdings in shares of FedEx by 10.3% during the second quarter. Brandes Investment Partners LP now owns 658,807 shares of the shipping service provider’s stock valued at $149,756,000 after purchasing an additional 61,262 shares during the last quarter. Portfolio Design Labs LLC boosted its stake in shares of FedEx by 2.2% in the 2nd quarter. Portfolio Design Labs LLC now owns 3,363 shares of the shipping service provider’s stock worth $764,000 after buying an additional 72 shares during the last quarter. MBM Wealth Consultants LLC increased its position in shares of FedEx by 23.9% during the 2nd quarter. MBM Wealth Consultants LLC now owns 6,149 shares of the shipping service provider’s stock valued at $1,398,000 after purchasing an additional 1,187 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of FedEx by 9.0% during the 2nd quarter. Fisher Asset Management LLC now owns 1,361 shares of the shipping service provider’s stock worth $310,000 after acquiring an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

FDX opened at $270.29 on Wednesday. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $295.24. The firm’s fifty day simple moving average is $251.39 and its two-hundred day simple moving average is $235.93. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The company has a market cap of $63.78 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.42 and a beta of 1.32.

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

FedEx Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on FDX. Sanford C. Bernstein raised their target price on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research note on Monday, September 22nd. Bank of America boosted their target price on shares of FedEx from $270.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Vertical Research reduced their target price on shares of FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Wells Fargo & Company lifted their target price on FedEx from $250.00 to $280.00 and gave the stock an “equal weight” rating in a research report on Friday, November 7th. Finally, Susquehanna upped their target price on FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $276.54.

FedEx Company Profile

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.