FedEx Corporation $FDX Shares Bought by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC boosted its position in shares of FedEx Corporation (NYSE:FDX) by 16.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,523 shares of the shipping service provider’s stock after buying an additional 918 shares during the quarter. Transcend Capital Advisors LLC’s holdings in FedEx were worth $1,483,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FDX. Abound Financial LLC acquired a new stake in FedEx during the first quarter valued at $38,000. WPG Advisers LLC acquired a new stake in shares of FedEx in the first quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC grew its position in shares of FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after purchasing an additional 71 shares during the period. Motco grew its position in shares of FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after purchasing an additional 102 shares during the period. Finally, Rise Advisors LLC grew its position in shares of FedEx by 21.0% in the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after purchasing an additional 59 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

FDX opened at $247.41 on Tuesday. The firm has a market capitalization of $58.38 billion, a PE ratio of 14.44, a PEG ratio of 1.34 and a beta of 1.28. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The firm’s 50-day moving average price is $233.44 and its 200 day moving average price is $226.96. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73.

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, topping analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period in the previous year, the business posted $3.60 earnings per share. FedEx’s quarterly revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company 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 dividend on an annualized basis and a yield of 2.3%. FedEx’s payout ratio is 33.86%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FDX. Stephens reiterated an “overweight” rating and issued a $260.00 target price on shares of FedEx in a research report on Tuesday, October 14th. Vertical Research dropped their target price on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Stifel Nicolaus dropped their target price on shares of FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $274.00 target price (down previously from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. Finally, Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.