FedEx Corporation $FDX Shares Bought by Parkside Investments LLC

Parkside Investments LLC lifted its stake in shares of FedEx Corporation (NYSE:FDXFree Report) by 14.5% in the third quarter, Holdings Channel reports. The institutional investor owned 15,767 shares of the shipping service provider’s stock after buying an additional 1,999 shares during the quarter. Parkside Investments LLC’s holdings in FedEx were worth $3,718,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BHK Investment Advisors LLC boosted its stake in FedEx by 1.4% during the 3rd quarter. BHK Investment Advisors LLC now owns 3,074 shares of the shipping service provider’s stock valued at $725,000 after acquiring an additional 41 shares during the last quarter. Probity Advisors Inc. increased its position in shares of FedEx by 2.2% in the 3rd quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock worth $467,000 after purchasing an additional 43 shares during the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of FedEx by 1.7% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,617 shares of the shipping service provider’s stock valued at $617,000 after purchasing an additional 44 shares in the last quarter. Triglav Investments D.O.O. raised its stake in shares of FedEx by 0.8% in the 3rd quarter. Triglav Investments D.O.O. now owns 5,704 shares of the shipping service provider’s stock valued at $1,344,000 after purchasing an additional 44 shares in the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co lifted its position in shares of FedEx by 1.2% during the third quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 3,890 shares of the shipping service provider’s stock worth $917,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus set a $412.00 price objective on FedEx in a report on Friday, February 13th. HSBC lifted their target price on FedEx from $235.00 to $285.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. Barclays upped their price target on FedEx from $360.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Argus raised their price objective on FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Finally, Jefferies Financial Group lifted their price objective on shares of FedEx from $326.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Two research 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $362.30.

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More FedEx News

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FedEx Trading Up 0.7%

NYSE:FDX opened at $386.31 on Wednesday. The firm has a market capitalization of $90.83 billion, a P/E ratio of 21.30, a P/E/G ratio of 1.83 and a beta of 1.34. The business has a 50 day simple moving average of $325.67 and a 200 day simple moving average of $274.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $391.65.

FedEx (NYSE:FDXGet Free Report) last posted its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The company had revenue of $23.47 billion for 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 quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

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

FedEx Profile

(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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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