FORA Capital LLC Boosts Stock Position in FedEx Corporation $FDX

FORA Capital LLC boosted its holdings in shares of FedEx Corporation (NYSE:FDX) by 55.4% during the second quarter, Holdings Channel reports. The firm owned 26,234 shares of the shipping service provider’s stock after acquiring an additional 9,353 shares during the quarter. FORA Capital LLC’s holdings in FedEx were worth $5,963,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares in the last quarter. Horizon Investments LLC lifted its position in shares of FedEx by 1.4% in the 1st quarter. Horizon Investments LLC now owns 6,190 shares of the shipping service provider’s stock worth $1,509,000 after purchasing an additional 84 shares during the period. Aberdeen Group plc boosted its stake in shares of FedEx by 57.0% during the 1st quarter. Aberdeen Group plc now owns 191,577 shares of the shipping service provider’s stock valued at $46,516,000 after purchasing an additional 69,581 shares in the last quarter. Ethic Inc. increased its position in shares of FedEx by 7.9% during the first quarter. Ethic Inc. now owns 15,384 shares of the shipping service provider’s stock valued at $3,723,000 after buying an additional 1,130 shares during the period. Finally, American Century Companies Inc. raised its stake in FedEx by 3.4% in the first quarter. American Century Companies Inc. now owns 453,965 shares of the shipping service provider’s stock worth $110,668,000 after buying an additional 14,918 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FDX. Vertical Research lowered their price objective on shares of FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Daiwa Capital Markets lifted their price target on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Truist Financial set a $285.00 price objective on FedEx in a report on Tuesday, October 14th. Raymond James Financial restated an “outperform” rating and set a $255.00 target price on shares of FedEx in a report on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FedEx in a research report on Monday, December 8th. One 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $284.29.

FedEx Trading Down 0.1%

FedEx stock opened at $284.62 on Friday. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $295.24. The company has a market capitalization of $67.16 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32. The business’s fifty day simple moving average is $257.72 and its two-hundred day simple moving average is $239.08. The company has a current ratio of 1.25, a quick ratio of 1.21 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 (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.12. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be issued a dividend of $1.45 per share. The ex-dividend date is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.0%. FedEx’s dividend payout ratio is presently 33.86%.

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.