FedEx Corporation $FDX Position Lifted by AlphaQuest LLC

AlphaQuest LLC raised its stake in shares of FedEx Corporation (NYSE:FDX) by 292.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,667 shares of the shipping service provider’s stock after acquiring an additional 2,733 shares during the quarter. AlphaQuest LLC’s holdings in FedEx were worth $834,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in FDX. Valeo Financial Advisors LLC boosted its stake in FedEx by 28,080.9% during the 2nd 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. Nuveen LLC bought a new position in shares of FedEx in the 1st quarter worth about $314,650,000. ACR Alpine Capital Research LLC lifted its position 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 worth $386,399,000 after buying an additional 732,266 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of FedEx by 1.4% in the 1st 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 during the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of FedEx by 302.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock worth $85,883,000 after buying an additional 264,792 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. TD Cowen raised their price target on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Susquehanna raised their price target on shares of FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, September 19th. BMO Capital Markets reduced their price target on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research report on Friday, September 19th. Raymond James Financial restated an “outperform” rating and issued a $255.00 price target on shares of FedEx in a research report on Thursday, September 18th. Finally, BNP Paribas Exane raised shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price objective on the stock in a report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and an average price target of $271.83.

FedEx Stock Up 1.3%

FedEx stock opened at $241.24 on Monday. The stock has a market cap of $56.92 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.34 and a beta of 1.28. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $233.05 and its two-hundred day moving average price is $226.75. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53.

FedEx (NYSE:FDX) last released its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.71 by $0.12. The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. FedEx’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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

FedEx 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.