American Century Companies Inc. Raises Holdings in FedEx Corporation $FDX

American Century Companies Inc. increased its position in FedEx Corporation (NYSE:FDX) by 17.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 531,592 shares of the shipping service provider’s stock after buying an additional 77,627 shares during the period. American Century Companies Inc. owned 0.23% of FedEx worth $120,836,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of FedEx by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider’s stock worth $4,705,391,000 after acquiring an additional 211,165 shares in the last quarter. Geode Capital Management LLC increased its position in FedEx by 0.6% in the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock worth $1,124,524,000 after purchasing an additional 28,450 shares during the last quarter. Franklin Resources Inc. raised its stake in FedEx by 2.1% during the second quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider’s stock valued at $1,033,208,000 after purchasing an additional 94,136 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after purchasing an additional 3,730,273 shares during the last quarter. Finally, Invesco Ltd. lifted its position in FedEx by 1.4% during the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock valued at $795,940,000 after purchasing an additional 43,989 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

FedEx Trading Down 0.7%

Shares of FDX opened at $267.53 on Tuesday. The firm has a market capitalization of $63.12 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 1.40 and a beta of 1.31. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The company has a 50-day moving average of $246.02 and a 200 day moving average of $234.02.

FedEx (NYSE:FDX) last issued 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. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the prior year, the firm earned $3.60 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 2.2%. FedEx’s payout ratio is 33.86%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on FDX shares. Truist Financial set a $285.00 target price on shares of FedEx in a report on Tuesday, October 14th. The Goldman Sachs Group reduced their price objective on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Bank of America raised their price objective on FedEx from $270.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, November 13th. Evercore ISI dropped their target price on FedEx from $243.00 to $239.00 in a report on Friday, September 19th. Finally, Wall Street Zen raised FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One 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 issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $276.13.

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.