Schroder Investment Management Group Boosts Stock Position in FedEx Corporation $FDX

Schroder Investment Management Group grew its holdings in shares of FedEx Corporation (NYSE:FDXFree Report) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,257 shares of the shipping service provider’s stock after buying an additional 1,785 shares during the quarter. Schroder Investment Management Group’s holdings in FedEx were worth $23,642,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FDX. New York State Teachers Retirement System grew its holdings in FedEx by 2.3% during the 3rd 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 in the last quarter. D.A. Davidson & CO. raised its stake in shares of FedEx by 10.6% in the 3rd quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock valued at $11,419,000 after purchasing an additional 4,634 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of 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 in the last quarter. Savant Capital LLC lifted its position in shares of FedEx by 32.5% during the third quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock worth $9,437,000 after purchasing an additional 9,806 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of FedEx by 34.9% during the third quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock worth $5,679,000 after purchasing an additional 6,234 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Price Performance

FDX opened at $352.77 on Friday. 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 company’s 50-day moving average price is $345.31 and its 200 day moving average price is $285.74. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $392.86. The firm has a market cap of $82.94 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 1.71 and a beta of 1.29.

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

FedEx Announces Dividend

The business also recently disclosed 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 is Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.6%. FedEx’s payout ratio is currently 31.97%.

Wall Street Analysts Forecast Growth

FDX has been the subject of several research analyst reports. Jefferies Financial Group boosted their price objective on FedEx from $425.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. Citigroup increased their target price on FedEx from $327.00 to $401.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Evercore lifted their target price on FedEx from $364.00 to $380.00 in a research report on Tuesday, February 24th. Rothschild & Co Redburn boosted their price target on FedEx from $317.00 to $371.00 and gave the company a “neutral” rating in a report on Tuesday, February 24th. Finally, UBS Group upped their price target on FedEx from $314.00 to $412.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average price target of $371.00.

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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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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