FedEx Corporation $FDX Shares Purchased by Addenda Capital Inc.

Addenda Capital Inc. grew its holdings in FedEx Corporation (NYSE:FDX) by 25.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,277 shares of the shipping service provider’s stock after purchasing an additional 6,763 shares during the quarter. Addenda Capital Inc.’s holdings in FedEx were worth $7,885,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of FedEx by 34.3% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 12,172 shares of the shipping service provider’s stock valued at $2,967,000 after purchasing an additional 3,106 shares during the period. EntryPoint Capital LLC purchased a new position in FedEx during the 1st quarter worth approximately $413,000. Candriam S.C.A. increased its position in FedEx by 0.7% during the first quarter. Candriam S.C.A. now owns 21,173 shares of the shipping service provider’s stock worth $5,162,000 after buying an additional 140 shares during the period. Finally, CW Advisors LLC increased its position in FedEx by 11.9% during the first quarter. CW Advisors LLC now owns 27,548 shares of the shipping service provider’s stock worth $6,714,000 after buying an additional 2,923 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Performance

Shares of FDX opened at $287.62 on Friday. 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 Corporation has a 52-week low of $194.29 and a 52-week high of $295.24. The company has a 50-day simple moving average of $261.06 and a 200-day simple moving average of $240.75. The company has a market capitalization of $67.87 billion, a PE ratio of 16.79, a P/E/G ratio of 1.46 and a beta of 1.32.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. During the same period in the previous year, the firm earned $4.05 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be issued 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 33.86%.

Analyst Upgrades and Downgrades

A number of research firms have commented on FDX. Barclays lifted their price objective on shares of FedEx from $320.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their price target on FedEx from $276.00 to $322.00 and gave the stock a “buy” rating in a report on Wednesday. Raymond James Financial restated an “outperform” rating and issued a $255.00 price target on shares of FedEx in a research report on Thursday, September 18th. Truist Financial set a $285.00 price objective on FedEx in a research report on Tuesday, October 14th. Finally, Stifel Nicolaus lifted their target price on FedEx from $297.00 to $305.00 and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $285.67.

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.