7,870 Shares in FedEx Corporation $FDX Acquired by Allstate Corp

Allstate Corp acquired a new position in FedEx Corporation (NYSE:FDX) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,870 shares of the shipping service provider’s stock, valued at approximately $1,856,000.

Other hedge funds have also bought and sold shares of the company. NewSquare Capital LLC increased its stake in FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of FedEx during the second quarter valued at $28,000. City Holding Co. lifted its stake in FedEx by 167.0% in the third quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after acquiring an additional 167 shares during the period. Quent Capital LLC bought a new position in FedEx during the 3rd quarter worth about $71,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in FedEx during the 3rd quarter worth about $84,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Down 2.4%

Shares of NYSE FDX opened at $300.92 on Wednesday. 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 12-month low of $194.29 and a 12-month high of $318.83. The stock has a market cap of $70.75 billion, a P/E ratio of 16.59, a PEG ratio of 1.55 and a beta of 1.35. The business’s fifty day simple moving average is $286.29 and its 200-day simple moving average is $253.07.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The business 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 revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, equities analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on FDX shares. Stephens upped their price target on shares of FedEx from $260.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Bank of America upgraded shares of FedEx from a “neutral” rating to a “buy” rating and set a $365.00 target price for the company in a research report on Friday, January 9th. Royal Bank Of Canada lowered shares of FedEx to a “sector perform” rating in a research report on Wednesday, December 17th. Raymond James Financial lifted their target price on shares of FedEx from $255.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, December 22nd. Finally, Barclays raised their price target on shares of FedEx from $320.00 to $360.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. Sixteen equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $302.65.

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.