FedEx Corporation $FDX Shares Acquired by First Trust Advisors LP

First Trust Advisors LP increased its position in shares of FedEx Corporation (NYSE:FDX) by 27.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 172,550 shares of the shipping service provider’s stock after purchasing an additional 37,298 shares during the quarter. First Trust Advisors LP owned 0.07% of FedEx worth $39,223,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in FDX. NewSquare Capital LLC lifted its position in shares of FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after buying an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in FedEx during the second quarter worth about $28,000. WPG Advisers LLC bought a new position in FedEx in the first quarter worth about $43,000. Rise Advisors LLC boosted its stake in FedEx by 21.0% in 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 during the period. Finally, AlphaCore Capital LLC bought a new position in shares of FedEx during the first quarter valued at approximately $91,000. Institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of analyst reports. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. TD Cowen raised their price target on FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a report on Friday, September 19th. Stephens reaffirmed an “overweight” rating and issued a $260.00 price objective on shares of FedEx in a report on Tuesday, October 14th. Raymond James Financial reissued an “outperform” rating and set a $255.00 target price on shares of FedEx in a research note on Thursday, September 18th. Finally, Bank of America upped their price target on shares of FedEx from $270.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $281.79.

FedEx Trading Down 0.5%

Shares of NYSE:FDX opened at $275.27 on Wednesday. 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 has a market capitalization of $64.95 billion, a PE ratio of 16.07, a P/E/G 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 $295.24. The firm has a fifty day moving average price of $255.17 and a 200 day moving average price of $237.83.

FedEx (NYSE:FDX) last posted its 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 company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be given 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 presently 33.86%.

About FedEx

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.