Optas LLC Makes New $235,000 Investment in FedEx Corporation $FDX

Optas LLC acquired a new position in FedEx Corporation (NYSE:FDX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,036 shares of the shipping service provider’s stock, valued at approximately $235,000.

Several other large investors have also recently bought and sold shares of FDX. Abound Financial LLC purchased a new position in shares of FedEx in the first quarter valued at $38,000. WPG Advisers LLC purchased a new stake in FedEx during the 1st quarter worth about $43,000. Cary Street Partners Investment Advisory LLC increased its position in FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after purchasing an additional 71 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in FedEx during the 1st quarter worth about $65,000. Finally, Motco increased its position in FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FDX. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $274.00 price objective (down previously from $284.00) on shares of FedEx in a research report on Wednesday. BMO Capital Markets dropped their price objective on FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a research report on Friday, September 19th. TD Cowen lifted their price objective on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Truist Financial reiterated a “buy” rating and set a $275.00 price objective on shares of FedEx in a research report on Wednesday, June 25th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $255.00 price objective on shares of FedEx in a research report on Thursday, September 18th. One research 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. Based on data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $271.25.

FedEx Stock Performance

NYSE FDX opened at $225.14 on Friday. The firm has a market capitalization of $53.12 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.32 and a beta of 1.28. 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 business’s 50-day simple moving average is $230.78 and its 200-day simple moving average is $225.89.

FedEx (NYSE:FDX) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

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 $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s payout ratio is currently 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.