FedEx Corporation $FDX Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. raised its holdings in FedEx Corporation (NYSE:FDX) by 4.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,319 shares of the shipping service provider’s stock after acquiring an additional 132 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in FedEx were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Abound Financial LLC acquired a new stake in FedEx in the 1st quarter valued at about $38,000. WPG Advisers LLC purchased a new stake in FedEx during the first quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC lifted its stake in FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after buying an additional 71 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in FedEx during the first quarter valued at about $65,000. Finally, Motco lifted its stake in FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after buying an additional 102 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group upped their price objective on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Sanford C. Bernstein upped their price objective on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research note on Monday, September 22nd. HSBC upped their price objective on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Citigroup upped their price objective on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, Susquehanna increased their price target on shares of FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $271.83.

FedEx Price Performance

NYSE FDX opened at $234.64 on Wednesday. The company has a 50 day simple moving average of $231.26 and a 200-day simple moving average of $225.61. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The firm has a market capitalization of $55.36 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.28 and a beta of 1.28. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53.

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

FedEx Dividend Announcement

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

FedEx Company 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.