Arrowstreet Capital Limited Partnership Has $180.82 Million Position in FedEx Corporation $FDX

Arrowstreet Capital Limited Partnership grew its stake in FedEx Corporation (NYSE:FDX) by 228.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 795,495 shares of the shipping service provider’s stock after purchasing an additional 553,628 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.34% of FedEx worth $180,824,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC grew its position in shares of FedEx by 28,080.9% during 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 buying an additional 3,730,273 shares during the period. Norges Bank bought a new position in FedEx during the 2nd quarter worth about $605,497,000. Nuveen LLC bought a new stake in FedEx in the 1st quarter valued at approximately $314,650,000. Vanguard Group Inc. grew its position in FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after purchasing an additional 289,655 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in FedEx by 302.6% during the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock worth $85,883,000 after acquiring an additional 264,792 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FDX. Wall Street Zen raised shares of FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Stifel Nicolaus raised their price target on FedEx from $296.00 to $297.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. UBS Group lifted their price target on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Wolfe Research boosted their target price on shares of FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. Finally, Sanford C. Bernstein boosted their target price on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $276.54.

FedEx Price Performance

Shares of NYSE:FDX opened at $270.29 on Wednesday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $295.24. 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 $251.39 and its two-hundred day simple moving average is $235.93. The stock has a market cap of $63.78 billion, a PE ratio of 15.78, a price-to-earnings-growth ratio of 1.42 and a beta of 1.32.

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

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be issued 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 2.1%. FedEx’s dividend payout ratio is 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.