D.A. Davidson & CO. Buys 4,634 Shares of FedEx Corporation $FDX

D.A. Davidson & CO. raised its stake in FedEx Corporation (NYSE:FDX) by 10.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,424 shares of the shipping service provider’s stock after purchasing an additional 4,634 shares during the quarter. D.A. Davidson & CO.’s holdings in FedEx were worth $11,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. NewSquare Capital LLC raised its position in FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of FedEx in the second quarter valued at about $28,000. City Holding Co. lifted its position in shares of FedEx by 167.0% during the third quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock valued at $63,000 after purchasing an additional 167 shares in the last quarter. Caldwell Trust Co purchased a new position in FedEx during the second quarter worth about $91,000. Finally, OFI Invest Asset Management grew its position in FedEx by 67.2% in the 2nd quarter. OFI Invest Asset Management now owns 423 shares of the shipping service provider’s stock worth $96,000 after purchasing an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on FDX. UBS Group lifted their target price on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Cowen reiterated a “buy” rating on shares of FedEx in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft upped their price objective on FedEx from $276.00 to $322.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Stephens raised their target price on FedEx from $260.00 to $330.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Finally, Wolfe Research boosted their price target on shares of FedEx from $322.00 to $328.00 and gave the stock an “outperform” rating in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and an average target price of $298.92.

FedEx Price Performance

NYSE FDX opened at $297.54 on Tuesday. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The company has a market cap of $69.96 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.46 and a beta of 1.35. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $298.00. The firm’s 50-day simple moving average is $274.41 and its two-hundred day simple moving average is $246.99.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (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 analyst estimates of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, December 15th. FedEx’s payout ratio is presently 31.97%.

FedEx Company 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.