CX Institutional Has $1.42 Million Stock Position in FedEx Corporation $FDX

CX Institutional increased its holdings in shares of FedEx Corporation (NYSE:FDX) by 63.6% in the third quarter, HoldingsChannel reports. The firm owned 6,034 shares of the shipping service provider’s stock after buying an additional 2,345 shares during the period. CX Institutional’s holdings in FedEx were worth $1,423,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. NewSquare Capital LLC boosted its stake in shares of 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. Twin Peaks Wealth Advisors LLC acquired a new stake in FedEx during the 2nd quarter valued at $28,000. City Holding Co. boosted its position in FedEx by 167.0% during the third quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after purchasing an additional 167 shares during the period. Caldwell Trust Co acquired a new position in shares of FedEx in the second quarter valued at $91,000. Finally, OFI Invest Asset Management raised its position in shares of FedEx by 67.2% in the second quarter. OFI Invest Asset Management now owns 423 shares of the shipping service provider’s stock valued at $96,000 after purchasing an additional 170 shares during the period. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 0.5%

FDX stock opened at $309.00 on Friday. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $315.40. The business has a 50-day simple moving average of $277.91 and a 200 day simple moving average of $248.41. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The company has a market cap of $72.65 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 1.53 and a beta of 1.35.

FedEx (NYSE:FDX) last released its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS 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 firm had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. During the same period last year, the firm earned $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. Sell-side analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were paid a dividend of $1.45 per share. The ex-dividend date was Monday, December 15th. This represents a $5.80 annualized dividend and a yield of 1.9%. FedEx’s dividend payout ratio is presently 31.97%.

Wall Street Analyst Weigh In

Several analysts recently commented on FDX shares. Truist Financial lifted their target price on shares of FedEx from $285.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. TD Cowen upped their target price on FedEx from $271.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Citigroup lifted their price target on FedEx from $310.00 to $327.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, Vertical Research decreased their price objective on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $298.92.

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.