Edgestream Partners L.P. Invests $1.49 Million in FedEx Corporation $FDX

Edgestream Partners L.P. purchased a new position in FedEx Corporation (NYSE:FDX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,571 shares of the shipping service provider’s stock, valued at approximately $1,494,000.

Other hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC increased its stake in FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. WPG Advisers LLC purchased a new stake in shares of FedEx during the first quarter valued at approximately $43,000. Rise Advisors LLC increased its position in shares of FedEx by 21.0% during the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after acquiring an additional 59 shares in the last quarter. AlphaCore Capital LLC purchased a new position in FedEx in the 1st quarter worth approximately $91,000. Finally, Zions Bancorporation National Association UT bought a new position in FedEx in the 1st quarter valued at approximately $92,000. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of NYSE FDX opened at $273.78 on Friday. 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 $295.24. The firm has a fifty day moving average price of $253.58 and a 200-day moving average price of $236.76. The stock has a market cap of $64.60 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.42 and a beta of 1.32.

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

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Monday, December 15th. FedEx’s dividend payout ratio (DPR) is 33.86%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Jefferies Financial Group lifted their target price on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, September 19th. The Goldman Sachs Group dropped their price objective on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Citigroup boosted their target price on FedEx from $279.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Bank of America raised their price target on shares of FedEx from $270.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Finally, BMO Capital Markets boosted their price objective on shares of FedEx from $255.00 to $265.00 and gave the company a “market perform” rating in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $278.88.

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.