Lansforsakringar Fondforvaltning AB publ Increases Stake in FedEx Corporation $FDX

Lansforsakringar Fondforvaltning AB publ boosted its holdings in shares of FedEx Corporation (NYSE:FDXFree Report) by 30.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,196 shares of the shipping service provider’s stock after acquiring an additional 42,459 shares during the period. Lansforsakringar Fondforvaltning AB publ owned about 0.08% of FedEx worth $42,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of FDX. Brighton Jones LLC increased its position in FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after buying an additional 207 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of FedEx by 78.9% in the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after buying an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of FedEx in the second quarter worth $586,000. Catalyst Capital Advisors LLC acquired a new stake in shares of FedEx during the second quarter worth $103,000. Finally, AlphaQuest LLC raised its stake in FedEx by 292.6% in the 2nd quarter. AlphaQuest LLC now owns 3,667 shares of the shipping service provider’s stock worth $834,000 after acquiring an additional 2,733 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 1.4%

Shares of NYSE:FDX opened at $388.49 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $391.27. The business has a 50 day moving average of $321.56 and a two-hundred day moving average of $271.82. The company has a market capitalization of $91.34 billion, a PE ratio of 21.42, a PEG ratio of 1.85 and a beta of 1.34.

FedEx (NYSE:FDXGet Free Report) last issued its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. The business had revenue of $23.47 billion for the quarter, compared to analysts’ expectations of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be issued a $1.45 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.5%. FedEx’s payout ratio is presently 31.97%.

Analyst Ratings Changes

Several analysts have weighed in on the company. BNP Paribas Exane set a $280.00 price target on FedEx and gave the company a “neutral” rating in a research note on Tuesday, January 13th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of FedEx in a research report on Tuesday, January 20th. Truist Financial increased their price target on shares of FedEx from $285.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Argus raised their price target on shares of FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FedEx in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $358.00.

Get Our Latest Analysis on FedEx

FedEx News Roundup

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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.

Further Reading

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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