FORA Capital LLC Increases Stock Holdings in FedEx Corporation $FDX

FORA Capital LLC boosted its position in shares of FedEx Corporation (NYSE:FDX) by 55.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,234 shares of the shipping service provider’s stock after acquiring an additional 9,353 shares during the period. FORA Capital LLC’s holdings in FedEx were worth $5,963,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FDX. 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 valued at $850,948,000 after purchasing an additional 3,730,273 shares in the last quarter. Norges Bank bought a new stake in FedEx during the second quarter valued at $605,497,000. AQR Capital Management LLC grew its position in FedEx by 750.9% during the second quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock worth $230,862,000 after buying an additional 896,271 shares in the last quarter. Dodge & Cox increased its stake in FedEx by 4.7% in the 2nd 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 raised its holdings in shares of FedEx by 228.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 795,495 shares of the shipping service provider’s stock valued at $180,824,000 after acquiring an additional 553,628 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Price Performance

FDX stock opened at $284.62 on Friday. The firm has a market cap of $67.16 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.47 and a beta of 1.32. The firm’s fifty day moving average is $257.72 and its 200 day moving average is $239.08. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $295.24. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating 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 business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same period in the prior year, the business posted $3.60 earnings per share. The company’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. Research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be given a $1.45 dividend. The ex-dividend date is Monday, December 15th. This represents a $5.80 annualized dividend and a yield of 2.0%. FedEx’s payout ratio is presently 33.86%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FDX shares. Bank of America boosted their price objective on FedEx from $270.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Wells Fargo & Company boosted their price target on shares of FedEx from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Truist Financial set a $285.00 price target on shares of FedEx in a report on Tuesday, October 14th. Jefferies Financial Group lifted their price objective on shares of FedEx from $280.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Susquehanna increased their target price on FedEx from $300.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, December 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $284.29.

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.