Cerity Partners LLC Raises Stock Position in FedEx Corporation $FDX

Cerity Partners LLC boosted its position in FedEx Corporation (NYSE:FDX) by 26.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,083 shares of the shipping service provider’s stock after purchasing an additional 19,679 shares during the quarter. Cerity Partners LLC’s holdings in FedEx were worth $22,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after acquiring an additional 207 shares during the last quarter. Empowered Funds LLC increased its position in shares of FedEx by 78.9% in the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares during the last quarter. Integrity Alliance LLC. raised its stake in FedEx by 435.8% in the first quarter. Integrity Alliance LLC. now owns 5,374 shares of the shipping service provider’s stock valued at $1,310,000 after purchasing an additional 4,371 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in FedEx by 9.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,501 shares of the shipping service provider’s stock valued at $366,000 after purchasing an additional 126 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in FedEx by 34.8% in the 1st quarter. Acadian Asset Management LLC now owns 3,880 shares of the shipping service provider’s stock worth $943,000 after buying an additional 1,002 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FDX. HSBC boosted their target price on FedEx from $235.00 to $285.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. Daiwa Capital Markets increased their price objective on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. Truist Financial raised their price target on shares of FedEx from $285.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Jefferies Financial Group raised their target price on FedEx from $315.00 to $326.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Morgan Stanley lifted their price objective on FedEx from $200.00 to $210.00 and gave the stock an “underweight” rating in a research report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $303.16.

FedEx Trading Up 1.0%

Shares of NYSE FDX opened at $312.18 on Friday. The stock has a market cap of $73.40 billion, a P/E ratio of 17.21, a price-to-earnings-growth ratio of 1.54 and a beta of 1.35. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $318.83. The firm has a 50-day moving average of $279.08 and a 200 day moving average of $248.99.

FedEx (NYSE:FDX) last released its 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 firm had revenue of $23.47 billion during 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 business’s revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, sell-side analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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

About FedEx

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.