Blueshift Asset Management LLC Boosts Stock Holdings in FedEx Corporation $FDX

Blueshift Asset Management LLC boosted its position in FedEx Corporation (NYSE:FDX) by 26.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,005 shares of the shipping service provider’s stock after purchasing an additional 1,673 shares during the period. FedEx comprises 0.6% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 28th biggest position. Blueshift Asset Management LLC’s holdings in FedEx were worth $1,820,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its holdings in FedEx by 24.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after acquiring an additional 51,294 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of FedEx in the second quarter valued at $586,000. Czech National Bank raised its stake in shares of FedEx by 5.9% during the 2nd quarter. Czech National Bank now owns 53,881 shares of the shipping service provider’s stock valued at $12,248,000 after purchasing an additional 2,987 shares during the period. Sage Capital Advisors llc lifted its holdings in FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after purchasing an additional 20,024 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC bought a new position in FedEx in the 2nd quarter worth about $298,000. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 0.9%

NYSE FDX opened at $273.09 on Tuesday. The firm has a market cap of $64.44 billion, a PE ratio of 15.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $302.02. The stock has a 50-day moving average of $250.66 and a 200-day moving average of $235.64. 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 announced 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 firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. 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. As a group, sell-side analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently declared 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. This represents a $5.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, December 15th. FedEx’s dividend payout ratio (DPR) is presently 33.86%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FDX. Wolfe Research increased their price target on shares of FedEx from $254.00 to $298.00 in a report on Tuesday, October 7th. Evercore ISI lowered their target price on shares of FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. TD Cowen boosted their price target on shares of FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Raymond James Financial reaffirmed an “outperform” rating and issued a $255.00 price target on shares of FedEx in a report on Thursday, September 18th. Finally, Stephens reissued an “overweight” rating and set a $260.00 price objective on shares of FedEx in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $276.54.

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.