FedEx Corporation $FDX Shares Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP grew its holdings in shares of FedEx Corporation (NYSE:FDX) by 10.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 658,807 shares of the shipping service provider’s stock after purchasing an additional 61,262 shares during the quarter. FedEx makes up about 1.4% of Brandes Investment Partners LP’s portfolio, making the stock its 24th biggest holding. Brandes Investment Partners LP owned approximately 0.28% of FedEx worth $149,756,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on FDX. Daiwa Capital Markets upped their price target on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Vertical Research cut their target price on FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Raymond James Financial reiterated an “outperform” rating and set a $255.00 price target on shares of FedEx in a report on Thursday, September 18th. Finally, Truist Financial set a $285.00 price objective on shares of FedEx in a report on Tuesday, October 14th. 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $276.54.

FedEx Stock Down 0.9%

Shares of FDX opened at $273.09 on Tuesday. 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 firm has a market cap of $64.44 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32. The company’s 50-day moving average price is $250.66 and its 200 day moving average price is $235.64. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $302.02.

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 analysts’ consensus estimates 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 business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the business earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, sell-side analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

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