Cerity Partners LLC Grows Position in FedEx Corporation $FDX

Cerity Partners LLC boosted its holdings in FedEx Corporation (NYSE:FDX) by 26.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 95,083 shares of the shipping service provider’s stock after acquiring an additional 19,679 shares during the period. Cerity Partners LLC’s holdings in FedEx were worth $22,421,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in FDX. WealthPlan Investment Management LLC raised its holdings in shares of FedEx by 3.2% during the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock valued at $327,000 after purchasing an additional 44 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co raised its stake in FedEx by 1.2% during the 3rd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 3,890 shares of the shipping service provider’s stock valued at $917,000 after buying an additional 45 shares during the last quarter. L2 Asset Management LLC raised its stake in FedEx by 4.9% during the 2nd quarter. L2 Asset Management LLC now owns 985 shares of the shipping service provider’s stock valued at $224,000 after buying an additional 46 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its holdings in shares of FedEx by 4.1% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 1,163 shares of the shipping service provider’s stock valued at $264,000 after buying an additional 46 shares during the period. Finally, Schwarz Dygos Wheeler Investment Advisors LLC boosted its stake in shares of FedEx by 1.3% in the 2nd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 3,922 shares of the shipping service provider’s stock worth $892,000 after buying an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FDX. TD Cowen upped their price objective on FedEx from $271.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Cowen reaffirmed a “buy” rating on shares of FedEx in a research report on Friday, December 19th. Barclays raised their price objective on shares of FedEx from $320.00 to $360.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Daiwa Capital Markets upped their target price on shares of FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. Finally, Raymond James Financial lifted their price target on shares of FedEx from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $303.16.

FedEx Stock Performance

NYSE:FDX opened at $312.18 on Friday. The stock has a 50-day moving average price of $279.08 and a 200 day moving average price of $248.99. The stock has a market capitalization of $73.40 billion, a P/E ratio of 17.21, a P/E/G ratio of 1.54 and a beta of 1.35. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $318.83. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72.

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. The business had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $4.05 EPS. 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 was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Monday, December 15th. FedEx’s payout ratio is currently 31.97%.

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.