FedEx Corporation $FDX Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in shares of FedEx Corporation (NYSE:FDX) by 1.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,110 shares of the shipping service provider’s stock after purchasing an additional 993 shares during the period. Nisa Investment Advisors LLC’s holdings in FedEx were worth $18,555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of FDX. Brighton Jones LLC raised its position in shares of FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares during the last quarter. Spire Wealth Management raised its position in shares of FedEx by 25.4% during the 1st quarter. Spire Wealth Management now owns 888 shares of the shipping service provider’s stock worth $216,000 after purchasing an additional 180 shares during the last quarter. Golden State Wealth Management LLC raised its position in shares of FedEx by 188.0% during the 1st quarter. Golden State Wealth Management LLC now owns 861 shares of the shipping service provider’s stock worth $210,000 after purchasing an additional 562 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in FedEx by 70.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 58,828 shares of the shipping service provider’s stock valued at $14,341,000 after acquiring an additional 24,216 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in FedEx by 19.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,794 shares of the shipping service provider’s stock valued at $5,510,000 after acquiring an additional 3,638 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

FedEx stock opened at $241.24 on Monday. The firm has a 50 day simple moving average of $233.05 and a 200-day simple moving average of $226.75. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The stock has a market cap of $56.92 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.12. The business had revenue of $22.20 billion during 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%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $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 year.

FedEx Dividend Announcement

The company also recently declared 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. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio is 33.86%.

Analyst Upgrades and Downgrades

A number of research firms have commented on FDX. Bank of America increased their price objective on shares of FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Sanford C. Bernstein increased their price objective on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a report on Monday, September 22nd. TD Cowen increased their price objective on shares of FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a report on Friday, September 19th. Daiwa Capital Markets increased their price objective on shares of FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. Finally, Citigroup increased their price objective on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

About FedEx

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.