Amundi Raises Stock Holdings in FedEx Corporation $FDX

Amundi grew its position in shares of FedEx Corporation (NYSE:FDX) by 162.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 786,263 shares of the shipping service provider’s stock after acquiring an additional 486,184 shares during the quarter. Amundi owned about 0.33% of FedEx worth $188,027,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of FDX. Valeo Financial Advisors LLC grew its stake in shares of 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 buying an additional 3,730,273 shares in the last quarter. Norges Bank bought a new position in shares of FedEx in the 2nd quarter valued at about $605,497,000. Nuveen LLC purchased a new position in FedEx in the first quarter worth about $314,650,000. Dodge & Cox increased its stake in FedEx by 4.7% during the second quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after acquiring an additional 649,426 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in FedEx by 228.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 795,495 shares of the shipping service provider’s stock worth $180,824,000 after acquiring an additional 553,628 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Down 0.1%

FedEx stock opened at $273.78 on Friday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $295.24. The business has a fifty day moving average of $253.58 and a two-hundred day moving average of $236.87. The firm has a market cap of $64.60 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.42 and a beta of 1.32. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last announced 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 during the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the previous year, the company posted $3.60 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, December 15th. FedEx’s payout ratio is presently 33.86%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Vertical Research cut their target price on FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. JPMorgan Chase & Co. lifted their price objective on shares of FedEx from $274.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday. Stephens reiterated an “overweight” rating and set a $260.00 price objective on shares of FedEx in a research report on Tuesday, October 14th. Daiwa Capital Markets raised their target price on shares of FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Finally, Wolfe Research lifted their price target on shares of FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. 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 assigned a Sell rating to the company’s stock. 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 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.