Mirae Asset Global Investments Co. Ltd. Acquires 3,514 Shares of FedEx Corporation $FDX

Mirae Asset Global Investments Co. Ltd. grew its holdings in FedEx Corporation (NYSE:FDX) by 11.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 34,958 shares of the shipping service provider’s stock after buying an additional 3,514 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in FedEx were worth $8,243,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Grey Fox Wealth Advisors LLC acquired a new position in shares of FedEx during the third quarter worth approximately $27,000. NewSquare Capital LLC lifted 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 buying an additional 67 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in FedEx in the 2nd quarter valued at $28,000. City Holding Co. increased its stake in shares of FedEx by 167.0% in the 3rd quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock valued at $63,000 after buying an additional 167 shares during the period. Finally, Quent Capital LLC bought a new stake in shares of FedEx during the third quarter worth $71,000. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 0.7%

NYSE:FDX opened at $322.26 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The business’s 50-day simple moving average is $293.61 and its 200-day simple moving average is $257.19. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $322.75. The stock has a market capitalization of $75.77 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.61 and a beta of 1.35.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping the consensus estimate of $4.02 by $0.80. The firm had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period last year, the company posted $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Sell-side analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a $1.45 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 1.8%. FedEx’s dividend payout ratio is presently 31.97%.

Analyst Ratings Changes

FDX has been the subject of a number of research reports. Barclays lifted their price objective on FedEx from $320.00 to $360.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 16th. Raymond James Financial boosted 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. Rothschild Redb cut shares of FedEx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft increased their price target on FedEx from $276.00 to $322.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Finally, BMO Capital Markets upped their price objective on FedEx from $265.00 to $290.00 and gave the company a “market perform” rating in a report on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $303.86.

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.