AEGON ASSET MANAGEMENT UK Plc Has $10.91 Million Stock Position in FedEx Corporation $FDX

AEGON ASSET MANAGEMENT UK Plc reduced its position in FedEx Corporation (NYSE:FDX) by 15.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 47,971 shares of the shipping service provider’s stock after selling 8,620 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in FedEx were worth $10,906,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its stake in shares of FedEx by 21.1% in the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock valued at $88,000 after buying an additional 63 shares during the period. Sivia Capital Partners LLC acquired a new stake in shares of FedEx in the 2nd quarter valued at $586,000. Sage Capital Advisors llc increased its stake in shares of FedEx by 136.5% in the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after buying an additional 20,024 shares during the period. Value Partners Investments Inc. grew its stake in shares of FedEx by 26.4% during the second quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock worth $41,247,000 after purchasing an additional 37,950 shares during the period. Finally, Xcel Wealth Management LLC acquired a new stake in shares of FedEx during the second quarter worth $1,200,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wolfe Research lifted their price objective on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. HSBC lifted their price objective on FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Jefferies Financial Group lifted their price objective on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Citigroup lifted their price objective on FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $271.83.

FedEx Stock Performance

FDX stock opened at $234.64 on Wednesday. The business’s 50-day moving average price is $231.26 and its two-hundred day moving average price is $225.61. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The firm has a market cap of $55.36 billion, a PE ratio of 13.70, a P/E/G ratio of 1.28 and a beta of 1.28. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, September 8th. FedEx’s payout ratio is 33.86%.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.