D.A. Davidson & CO. Acquires 4,634 Shares of FedEx Corporation $FDX

D.A. Davidson & CO. lifted its holdings in shares of FedEx Corporation (NYSE:FDX) by 10.6% in the 3rd quarter, Holdings Channel reports. The firm owned 48,424 shares of the shipping service provider’s stock after acquiring an additional 4,634 shares during the period. D.A. Davidson & CO.’s holdings in FedEx were worth $11,419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. Brighton Jones LLC increased its position in shares of FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in FedEx by 62.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,831 shares of the shipping service provider’s stock valued at $9,222,000 after buying an additional 14,574 shares during the period. Teza Capital Management LLC purchased a new stake in FedEx during the 1st quarter valued at about $498,000. Dynamic Technology Lab Private Ltd bought a new position in shares of FedEx in the first quarter worth approximately $892,000. Finally, Kestra Investment Management LLC boosted its position in FedEx by 248.7% during the 1st quarter. Kestra Investment Management LLC now owns 1,067 shares of the shipping service provider’s stock valued at $260,000 after buying an additional 761 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FDX has been the topic of a number of analyst reports. Bank of America boosted their price objective on shares of FedEx from $285.00 to $315.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. HSBC increased their price target on shares of FedEx from $235.00 to $285.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. BMO Capital Markets lifted their price objective on FedEx from $265.00 to $290.00 and gave the company a “market perform” rating in a research report on Friday, December 19th. Oppenheimer reiterated a “market perform” rating on shares of FedEx in a report on Friday, December 19th. Finally, Stephens raised their target price on FedEx from $260.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $298.92.

FedEx Price Performance

FDX stock opened at $297.54 on Tuesday. The firm has a 50 day moving average price of $274.41 and a 200-day moving average price of $246.99. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $298.00. The firm has a market capitalization of $69.96 billion, a price-to-earnings ratio of 16.40, a PEG ratio of 1.46 and a beta of 1.35. 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 (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $22.79 billion. During the same quarter in the prior year, the business posted $4.05 EPS. The firm’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. Equities research analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.9%. FedEx’s dividend payout ratio (DPR) is presently 31.97%.

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.