Brighton Jones LLC Has $2.33 Million Stock Position in FedEx Corporation $FDX

Brighton Jones LLC boosted its position in shares of FedEx Corporation (NYSE:FDX) by 122.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,898 shares of the shipping service provider’s stock after buying an additional 5,447 shares during the quarter. Brighton Jones LLC’s holdings in FedEx were worth $2,334,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new stake in shares of FedEx during the second quarter worth approximately $28,000. NewSquare Capital LLC grew its holdings in FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares during the period. WPG Advisers LLC bought a new stake in shares of FedEx during the 1st quarter valued at $43,000. Rise Advisors LLC lifted its stake in shares of FedEx by 21.0% in the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after purchasing an additional 59 shares during the period. Finally, Caldwell Trust Co bought a new position in shares of FedEx in the 2nd quarter worth $91,000. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FDX stock opened at $292.48 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $292.88. The company’s 50 day moving average price is $263.59 and its two-hundred day moving average price is $242.08. The company has a market capitalization of $68.77 billion, a P/E ratio of 16.12, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The company had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $22.79 billion. During the same quarter in the prior year, the company earned $4.05 earnings per share. 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, analysts expect that FedEx Corporation will post 19.14 earnings per share 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 paid a $1.45 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 2.0%. FedEx’s dividend payout ratio (DPR) is currently 31.97%.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of recent analyst reports. Raymond James Financial upped their price objective on FedEx from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Monday. Stephens upped their price target on FedEx from $260.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of FedEx in a research report on Monday, December 15th. TD Cowen boosted their price objective on shares of FedEx from $271.00 to $313.00 and gave the company a “buy” rating in a report on Friday. Finally, Royal Bank Of Canada downgraded shares of FedEx to a “sector perform” rating in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $299.12.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.