FedEx Corporation $FDX Shares Bought by Woodstock Corp

Woodstock Corp increased its holdings in shares of FedEx Corporation (NYSE:FDX) by 7.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,846 shares of the shipping service provider’s stock after purchasing an additional 2,400 shares during the period. Woodstock Corp’s holdings in FedEx were worth $7,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. NewSquare Capital LLC grew its stake in shares of FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after acquiring an additional 67 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in FedEx during the 2nd quarter valued at approximately $28,000. WPG Advisers LLC acquired a new stake in FedEx during the 1st quarter valued at approximately $43,000. Rise Advisors LLC increased its holdings in FedEx by 21.0% during the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after purchasing an additional 59 shares during the last quarter. Finally, Caldwell Trust Co purchased a new position in shares of FedEx during the 2nd quarter valued at approximately $91,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. The Goldman Sachs Group increased their price objective on shares of FedEx from $280.00 to $301.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Jefferies Financial Group lifted their price objective on shares of FedEx from $280.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Truist Financial set a $285.00 price objective on shares of FedEx in a report on Tuesday, October 14th. Daiwa Capital Markets raised their target price on shares of FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. Finally, BMO Capital Markets upped their price target on shares of FedEx from $255.00 to $265.00 and gave the stock a “market perform” rating in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $286.29.

FedEx Price Performance

NYSE FDX opened at $282.62 on Wednesday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $295.24. The company has a fifty day simple moving average of $259.20 and a 200 day simple moving average of $240.12. 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 company has a market cap of $66.69 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.45 and a beta of 1.32.

FedEx (NYSE:FDX) last released its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $21.74 billion. During the same quarter last year, the firm posted $3.60 EPS. The company’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. On average, sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be given a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, December 15th. FedEx’s dividend payout ratio (DPR) 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.