Davis Capital Management Buys New Shares in FedEx Corporation $FDX

Davis Capital Management bought a new position in FedEx Corporation (NYSE:FDX) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 4,158 shares of the shipping service provider’s stock, valued at approximately $980,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FDX. CWM LLC grew its stake in FedEx by 244.4% during the third quarter. CWM LLC now owns 81,709 shares of the shipping service provider’s stock valued at $19,268,000 after acquiring an additional 57,983 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of FedEx by 34.9% during the third quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock valued at $5,679,000 after purchasing an additional 6,234 shares in the last quarter. Czech National Bank grew its position in shares of FedEx by 5.9% during the second quarter. Czech National Bank now owns 53,881 shares of the shipping service provider’s stock valued at $12,248,000 after purchasing an additional 2,987 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of FedEx by 24.3% in the second quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock worth $59,583,000 after purchasing an additional 51,294 shares during the last quarter. Finally, Sivia Capital Partners LLC purchased a new stake in shares of FedEx in the second quarter worth about $586,000. 84.47% of the stock is owned by institutional investors.

FedEx Trading Up 1.5%

Shares of FDX opened at $293.17 on Friday. The company’s fifty day simple moving average is $273.41 and its 200-day simple moving average is $246.31. The company has a market cap of $68.93 billion, a P/E ratio of 16.16, a P/E/G ratio of 1.46 and a beta of 1.35. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $297.00.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, beating the consensus estimate of $4.02 by $0.80. The company had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be issued a dividend of $1.45 per share. The ex-dividend date is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 2.0%. FedEx’s payout ratio is presently 31.97%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Bank of America lifted their price objective on FedEx from $285.00 to $315.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Vertical Research reduced their price target on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Cowen reaffirmed a “buy” rating on shares of FedEx in a research note on Friday, December 19th. UBS Group lifted their price objective on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, Daiwa Capital Markets upped their target price on shares of FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $298.92.

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.