Jefferies Financial Group Inc. Grows Holdings in FedEx Corporation $FDX

Jefferies Financial Group Inc. boosted its position in FedEx Corporation (NYSE:FDX) by 1,769.4% in the third quarter, HoldingsChannel reports. The firm owned 20,750 shares of the shipping service provider’s stock after buying an additional 19,640 shares during the quarter. Jefferies Financial Group Inc.’s holdings in FedEx were worth $4,893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System lifted its holdings in FedEx by 2.3% during the third quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock worth $48,831,000 after acquiring an additional 4,734 shares during the period. D.A. Davidson & CO. boosted its position in FedEx by 10.6% in the third quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock worth $11,419,000 after purchasing an additional 4,634 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in FedEx by 11.2% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider’s stock valued at $8,243,000 after purchasing an additional 3,514 shares during the period. Savant Capital LLC grew its stake in FedEx by 32.5% in the 3rd quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock valued at $9,437,000 after purchasing an additional 9,806 shares during the period. Finally, Pacer Advisors Inc. increased its position in shares of FedEx by 34.9% during the 3rd quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock valued at $5,679,000 after purchasing an additional 6,234 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FDX shares. Royal Bank Of Canada cut FedEx to a “sector perform” rating in a research note on Wednesday, December 17th. Rothschild & Co Redburn increased their price target on shares of FedEx from $317.00 to $371.00 and gave the company a “neutral” rating in a research report on Tuesday, February 24th. HSBC lowered shares of FedEx from a “hold” rating to a “reduce” rating and set a $335.00 price objective on the stock. in a research report on Wednesday, February 25th. Argus boosted their target price on shares of FedEx from $250.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, January 21st. Finally, Morgan Stanley increased their target price on shares of FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a research report on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $366.19.

FedEx Trading Up 0.6%

Shares of FDX opened at $361.22 on Tuesday. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $392.86. The business has a 50-day moving average of $341.22 and a 200 day moving average of $283.87. The firm has a market cap of $84.93 billion, a P/E ratio of 19.91, a price-to-earnings-growth ratio of 1.71 and a beta of 1.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27.

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

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, March 9th. FedEx’s dividend payout ratio is presently 31.97%.

FedEx Profile

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.