Catalyst Capital Advisors LLC Acquires New Position in FedEx Corporation $FDX

Catalyst Capital Advisors LLC bought a new position in shares of FedEx Corporation (NYSE:FDX) during the second quarter, HoldingsChannel reports. The fund bought 453 shares of the shipping service provider’s stock, valued at approximately $103,000.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of FedEx by 1.4% during the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after buying an additional 289,655 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares during the last quarter. Invesco Ltd. boosted its position in FedEx by 1.4% during the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock valued at $795,940,000 after acquiring an additional 43,989 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in FedEx by 7.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock valued at $495,041,000 after acquiring an additional 135,290 shares during the last quarter. Finally, ACR Alpine Capital Research LLC grew its stake in shares of FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock valued at $386,399,000 after buying an additional 732,266 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Performance

NYSE FDX opened at $241.24 on Friday. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The company has a market capitalization of $56.92 billion, a P/E ratio of 14.08, a P/E/G ratio of 1.34 and a beta of 1.28. The company has a fifty day moving average of $233.05 and a 200-day moving average of $226.69.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities research analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio is 33.86%.

Analyst Ratings Changes

FDX has been the subject of several research reports. Vertical Research reduced their target price on FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Truist Financial set a $285.00 target price on shares of FedEx in a research report on Tuesday, October 14th. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Raymond James Financial reissued an “outperform” rating and set a $255.00 target price on shares of FedEx in a research report on Thursday, September 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of FedEx in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, FedEx presently has an average rating of “Moderate Buy” and an average target price of $271.83.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.