FedEx Corporation $FDX Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in FedEx Corporation (NYSE:FDX) by 13.2% in the third quarter, Holdings Channel reports. The firm owned 23,442,049 shares of the shipping service provider’s stock after purchasing an additional 2,741,723 shares during the period. Vanguard Group Inc. owned about 0.10% of FedEx worth $5,527,870,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Grey Fox Wealth Advisors LLC purchased a new stake in shares of FedEx during the third quarter valued at $27,000. NewSquare Capital LLC lifted its position in FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in FedEx during the 2nd quarter valued at about $28,000. Abich Financial Wealth Management LLC acquired a new position in shares of FedEx in the third quarter valued at about $39,000. Finally, Physician Wealth Advisors Inc. raised its stake in shares of FedEx by 27.5% in the third quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider’s stock worth $51,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 0.1%

Shares of NYSE FDX opened at $375.27 on Wednesday. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $381.99. The company’s 50-day simple moving average is $315.52 and its 200-day simple moving average is $268.70. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The firm has a market cap of $88.23 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.81 and a beta of 1.34.

FedEx (NYSE:FDX) last released its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share 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 return on equity of 16.63% and a net margin of 4.81%.The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

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

Analyst Upgrades and Downgrades

FDX has been the topic of a number of recent research reports. Truist Financial upped their target price on FedEx from $285.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, December 19th. The Goldman Sachs Group set a $364.00 price objective on shares of FedEx and gave the company a “buy” rating in a research note on Thursday, February 12th. Wells Fargo & Company increased their price objective on shares of FedEx from $380.00 to $430.00 and gave the stock an “overweight” rating in a research note on Friday. Stifel Nicolaus set a $412.00 target price on shares of FedEx in a research report on Friday. Finally, Raymond James Financial upped their price target on shares of FedEx from $305.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, FedEx has a consensus rating of “Moderate Buy” and an average price target of $358.00.

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.