First Horizon Corp Buys Shares of 1,689 FedEx Corporation $FDX

First Horizon Corp purchased a new position in shares of FedEx Corporation (NYSE:FDX) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,689 shares of the shipping service provider’s stock, valued at approximately $398,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. D.A. Davidson & CO. boosted its stake in FedEx by 10.6% during the 3rd quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock worth $11,419,000 after acquiring an additional 4,634 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of FedEx by 34.9% in the 3rd quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock valued at $5,679,000 after buying an additional 6,234 shares during the period. CWM LLC increased its position in shares of FedEx by 244.4% in the 3rd quarter. CWM LLC now owns 81,709 shares of the shipping service provider’s stock valued at $19,268,000 after buying an additional 57,983 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in FedEx by 2.3% during the third quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock worth $48,831,000 after acquiring an additional 4,734 shares in the last quarter. Finally, Czech National Bank increased its holdings in shares of FedEx by 5.9% in the second quarter. Czech National Bank now owns 53,881 shares of the shipping service provider’s stock worth $12,248,000 after acquiring an additional 2,987 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on FDX shares. BMO Capital Markets increased their target price on FedEx from $265.00 to $290.00 and gave the stock a “market perform” rating in a research note on Friday, December 19th. TD Cowen boosted their price objective on shares of FedEx from $271.00 to $313.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Wall Street Zen raised FedEx from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Citigroup increased their price objective on FedEx from $310.00 to $327.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, Raymond James Financial upped their price target on FedEx from $255.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, December 22nd. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $302.65.

FedEx Trading Down 0.7%

NYSE FDX opened at $309.73 on Wednesday. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $318.83. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The stock has a 50 day moving average of $281.41 and a 200-day moving average of $250.52. The company has a market cap of $72.82 billion, a PE ratio of 17.07, a PEG ratio of 1.56 and a beta of 1.35.

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, topping the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The firm had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. During the same period in the prior year, the firm posted $4.05 earnings per share. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

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