Kiltearn Partners LLP Buys 1,300 Shares of FedEx Corporation $FDX

Kiltearn Partners LLP lifted its stake in shares of FedEx Corporation (NYSE:FDX) by 4.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,900 shares of the shipping service provider’s stock after acquiring an additional 1,300 shares during the quarter. FedEx makes up 1.4% of Kiltearn Partners LLP’s holdings, making the stock its 22nd biggest holding. Kiltearn Partners LLP’s holdings in FedEx were worth $7,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its holdings in FedEx by 24.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock worth $59,583,000 after purchasing an additional 51,294 shares during the period. Sivia Capital Partners LLC acquired a new position in FedEx during the 2nd quarter worth approximately $586,000. Sage Capital Advisors llc boosted its holdings in FedEx by 136.5% in the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after acquiring an additional 20,024 shares in the last quarter. Jackson Thornton Wealth Management LLC acquired a new stake in FedEx in the second quarter valued at approximately $298,000. Finally, Value Partners Investments Inc. grew its position in FedEx by 26.4% in the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock valued at $41,247,000 after purchasing an additional 37,950 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FDX. Wells Fargo & Company lifted their price objective on shares of FedEx from $250.00 to $280.00 and gave the company an “equal weight” rating in a report on Friday, November 7th. UBS Group boosted their price objective on FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. JPMorgan Chase & Co. restated a “neutral” rating on shares of FedEx in a report on Thursday, November 13th. Evercore ISI cut their target price on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Finally, Wolfe Research upped their price target on FedEx from $254.00 to $298.00 in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $276.13.

FedEx Stock Up 0.8%

FDX stock opened at $275.93 on Thursday. The stock has a market cap of $65.11 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.42 and a beta of 1.31. 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 stock’s fifty day simple moving average is $247.94 and its two-hundred day simple moving average is $234.71. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $304.78.

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

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be paid a $1.45 dividend. The ex-dividend date is Monday, December 15th. This represents a $5.80 annualized dividend and a yield of 2.1%. FedEx’s dividend payout ratio is presently 33.86%.

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.