FedEx Corporation $FDX Shares Purchased by Addenda Capital Inc.

Addenda Capital Inc. raised its stake in FedEx Corporation (NYSE:FDX) by 25.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 33,277 shares of the shipping service provider’s stock after acquiring an additional 6,763 shares during the period. Addenda Capital Inc.’s holdings in FedEx were worth $7,885,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FDX. Valeo Financial Advisors LLC raised its position in shares of FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares in the last quarter. Norges Bank bought a new stake in FedEx during the second quarter valued at $605,497,000. AQR Capital Management LLC raised its holdings in shares of FedEx by 750.9% during the second quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock worth $230,862,000 after purchasing an additional 896,271 shares during the period. Dodge & Cox lifted its position in shares of FedEx by 4.7% in the 2nd quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after buying an additional 649,426 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of FedEx by 228.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 795,495 shares of the shipping service provider’s stock valued at $180,824,000 after buying an additional 553,628 shares during the period. Institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Stephens restated an “overweight” rating and set a $260.00 price objective on shares of FedEx in a research report on Tuesday, October 14th. HSBC boosted their price target on shares of FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of FedEx from $276.00 to $322.00 and gave the stock a “buy” rating in a report on Wednesday. Wolfe Research boosted their target price on shares of FedEx from $298.00 to $322.00 and gave the company an “outperform” rating in a research note on Monday, December 8th. Finally, Vertical Research dropped their price target on shares of FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average target price of $285.67.

FedEx Stock Performance

Shares of FDX opened at $287.62 on Friday. The company has a 50-day moving average of $261.06 and a two-hundred day moving average of $240.75. The stock has a market cap of $67.87 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 1.46 and a beta of 1.32. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx Corporation has a one year low of $194.29 and a one year high of $295.24.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. During the same period last year, the company posted $4.05 EPS. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders 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 2.0%. FedEx’s payout ratio is currently 33.86%.

FedEx 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.