FedEx Corporation $FDX Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its position in shares of FedEx Corporation (NYSE:FDXFree Report) by 2.2% during the 3rd quarter, Holdings Channel reports. The firm owned 70,472 shares of the shipping service provider’s stock after buying an additional 1,533 shares during the quarter. Advisors Asset Management Inc.’s holdings in FedEx were worth $16,618,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of FDX. Norges Bank acquired a new position in FedEx in the 2nd quarter worth approximately $605,497,000. AQR Capital Management LLC boosted its holdings in shares of FedEx by 750.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock valued at $230,862,000 after acquiring an additional 896,271 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in shares of FedEx in the third quarter worth $171,960,000. Dodge & Cox raised its holdings in shares of FedEx by 4.7% during the second quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after purchasing an additional 649,426 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in FedEx by 228.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 795,495 shares of the shipping service provider’s stock valued at $180,824,000 after purchasing an additional 553,628 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. BNP Paribas Exane set a $280.00 price target on FedEx and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Wells Fargo & Company raised their target price on FedEx from $290.00 to $295.00 and gave the stock an “equal weight” rating in a report on Friday, December 19th. Sanford C. Bernstein raised FedEx from a “market perform” rating to an “outperform” rating and set a $427.00 price target for the company in a report on Tuesday, February 3rd. Stephens upped their price objective on FedEx from $260.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Finally, BMO Capital Markets lifted their target price on shares of FedEx from $265.00 to $290.00 and gave the company a “market perform” rating in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $319.26.

Get Our Latest Analysis on FDX

Trending Headlines about FedEx

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FedEx Trading Up 0.9%

Shares of FDX stock opened at $367.83 on Wednesday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $370.86. The company has a market cap of $86.48 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.83 and a beta of 1.34. 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 stock has a 50 day simple moving average of $305.71 and a 200-day simple moving average of $263.64.

FedEx (NYSE:FDXGet Free Report) last issued its quarterly 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 company had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities research analysts expect 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. 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 1.6%. FedEx’s dividend payout ratio (DPR) is currently 31.97%.

About FedEx

(Free Report)

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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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