Davis Capital Management Invests $980,000 in FedEx Corporation $FDX

Davis Capital Management purchased a new position in FedEx Corporation (NYSE:FDX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,158 shares of the shipping service provider’s stock, valued at approximately $980,000.

Several other large investors also recently added to or reduced their stakes in FDX. NewSquare Capital LLC raised its stake in shares of FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in FedEx during the 2nd quarter worth $28,000. Rise Advisors LLC raised its position in FedEx by 21.0% during 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 in the last quarter. Caldwell Trust Co purchased a new stake in shares of FedEx in the 2nd quarter worth $91,000. Finally, OFI Invest Asset Management lifted its holdings in shares of FedEx by 67.2% in the 2nd quarter. OFI Invest Asset Management now owns 423 shares of the shipping service provider’s stock worth $96,000 after buying an additional 170 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Performance

Shares of FDX opened at $293.17 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The firm has a market cap of $68.93 billion, a PE ratio of 16.16, a P/E/G ratio of 1.46 and a beta of 1.35. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $297.00. The stock has a fifty day moving average price of $273.41 and a 200-day moving average price of $246.31.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The company had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $22.79 billion. During the same period last year, the business posted $4.05 earnings per share. The firm’s 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. Equities research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed 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 of this dividend is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.0%. FedEx’s payout ratio is 31.97%.

Analyst Ratings Changes

Several analysts recently weighed in on FDX shares. Jefferies Financial Group lifted their price objective on FedEx from $315.00 to $326.00 and gave the company a “buy” rating in a report on Friday, December 19th. Wall Street Zen upgraded shares of FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of FedEx in a research note on Monday, December 29th. Stephens lifted their price objective on shares of FedEx from $260.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $298.92.

FedEx Company Profile

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.