First Trust Advisors LP Has $39.22 Million Position in FedEx Corporation $FDX

First Trust Advisors LP lifted its holdings in FedEx Corporation (NYSE:FDX) by 27.6% during the second quarter, HoldingsChannel reports. The firm owned 172,550 shares of the shipping service provider’s stock after purchasing an additional 37,298 shares during the period. First Trust Advisors LP’s holdings in FedEx were worth $39,223,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. NewSquare Capital LLC increased its position in FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after buying an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of FedEx in the second quarter worth $28,000. WPG Advisers LLC acquired a new stake in shares of FedEx in the first quarter worth $43,000. Rise Advisors LLC increased its position in FedEx by 21.0% during the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after acquiring an additional 59 shares during the period. Finally, AlphaCore Capital LLC acquired a new position in FedEx during the 1st quarter valued at $91,000. Institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FDX. Citigroup raised their price target on shares of FedEx from $279.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Bank of America boosted their price target on FedEx from $270.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Stifel Nicolaus upped their price target on FedEx from $296.00 to $297.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Vertical Research reduced their price objective on FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Finally, Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $281.79.

FedEx Stock Performance

Shares of NYSE:FDX opened at $275.27 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The business’s fifty day moving average price is $255.17 and its two-hundred day moving average price is $237.83. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $295.24. The stock has a market capitalization of $64.95 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32.

FedEx (NYSE:FDX) last released its quarterly earnings data 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. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same period in the prior year, the company posted $3.60 earnings per share. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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