Pallas Capital Advisors LLC Grows Stake in FedEx Corporation $FDX

Pallas Capital Advisors LLC increased its position in shares of FedEx Corporation (NYSE:FDX) by 142.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 12,793 shares of the shipping service provider’s stock after acquiring an additional 7,524 shares during the period. Pallas Capital Advisors LLC’s holdings in FedEx were worth $3,017,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FDX. Norges Bank acquired a new position in shares of FedEx during the 2nd quarter worth $605,497,000. AQR Capital Management LLC raised its position in FedEx by 750.9% during the second quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock worth $230,862,000 after acquiring an additional 896,271 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in shares of FedEx in the third quarter valued at about $171,960,000. Dodge & Cox grew its position in shares of FedEx by 4.7% in the second quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock valued at $3,292,016,000 after purchasing an additional 649,426 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of FedEx by 228.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 795,495 shares of the shipping service provider’s stock worth $180,824,000 after purchasing an additional 553,628 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analysts Set New Price Targets

FDX has been the topic of a number of recent research reports. Evercore upped their target price on FedEx from $275.00 to $288.00 in a research note on Friday, December 19th. Evercore ISI upped their price objective on FedEx from $288.00 to $364.00 in a research report on Friday. Bank of America increased their price objective on FedEx from $408.00 to $414.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Jefferies Financial Group lifted their price objective on FedEx from $326.00 to $425.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Royal Bank Of Canada lowered shares of FedEx to a “sector perform” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $355.50.

FedEx Stock Performance

NYSE FDX opened at $374.61 on Tuesday. The business’s 50-day moving average price is $313.52 and its 200 day moving average price is $267.59. 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 twelve month low of $194.29 and a twelve month high of $380.86. The company has a market capitalization of $88.08 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 1.81 and a beta of 1.33.

FedEx (NYSE:FDX) last posted its quarterly earnings results 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 company had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $22.79 billion. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 annualized dividend and a yield of 1.5%. FedEx’s dividend payout ratio is 31.97%.

FedEx Company 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.