Commerzbank Aktiengesellschaft FI raised its position in FedEx Corporation (NYSE:FDX – Free Report) by 18.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,781 shares of the shipping service provider’s stock after buying an additional 7,179 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in FedEx were worth $11,032,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in FDX. New York State Teachers Retirement System grew its position in FedEx by 2.3% in the third quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock valued at $48,831,000 after acquiring an additional 4,734 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of FedEx by 10.6% in the third 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. boosted its stake 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 purchasing an additional 6,234 shares in the last quarter. CWM LLC grew its holdings in shares of FedEx by 244.4% during the 3rd quarter. CWM LLC now owns 81,709 shares of the shipping service provider’s stock valued at $19,268,000 after purchasing an additional 57,983 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in FedEx by 24.3% during the 2nd 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 in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.
FedEx Trading Down 1.8%
Shares of FDX stock opened at $304.22 on Friday. FedEx Corporation has a 1-year low of $194.29 and a 1-year 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 market cap of $71.53 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.53 and a beta of 1.35. The stock has a 50-day moving average of $288.62 and a 200-day moving average of $254.42.
FedEx Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were given a dividend of $1.45 per share. The ex-dividend date was Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 1.9%. FedEx’s dividend payout ratio is 31.97%.
Wall Street Analysts Forecast Growth
FDX has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on shares of FedEx from $301.00 to $317.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Wolfe Research set a $355.00 price objective on FedEx in a report on Wednesday. HSBC upped their target price on FedEx from $235.00 to $285.00 and gave the stock a “hold” rating in a report on Friday, December 19th. Raymond James Financial lifted their price target on FedEx from $255.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. Finally, BNP Paribas Exane set a $280.00 price target on FedEx and gave the stock a “neutral” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $303.86.
More FedEx News
Here are the key news stories impacting FedEx this week:
- Positive Sentiment: FedEx launched a private offering of senior notes to finance the planned FedEx Freight spin-off — a concrete step that advances the separation and could unlock value if executed as planned. FedEx Announces Launch of FedEx Freight’s Offering of Senior Notes in Connection with Planned Spin-Off
- Positive Sentiment: Argus upgraded FedEx to a “strong-buy,” signaling bullish analyst conviction that could support the stock if other investors follow. FedEx (NYSE:FDX) Stock Price Expected to Rise, Argus Analyst Says
- Positive Sentiment: Several value-oriented write-ups highlight FedEx as a long-term value opportunity (Zacks, MSN), reinforcing a narrative that recent operational changes and potential spin-off benefits make FDX attractive on valuation metrics. Why FedEx (FDX) is a Top Value Stock for the Long-Term
- Neutral Sentiment: J.P. Morgan keeps a Hold rating — a reminder that tier-1 coverage remains cautious despite corporate activity; this tempers conviction among some institutional investors. J.P. Morgan Maintains Hold Rating on FedEx: What Investors Should Know
- Neutral Sentiment: High-profile endorsement: Jim Cramer has publicly praised the CEO and FedEx’s strategy, which can help sentiment but may not move fundamentals immediately. FedEx (FDX) CEO is Doing A Terrific Job, Says Jim Cramer
- Negative Sentiment: FedEx outlined a major overhaul of its French operations that could cut up to 500 jobs and involves up to €78M in investment — a move that carries near-term restructuring costs, potential service disruption and execution risk that investors may penalize. FedEx to cut up to 500 jobs in France; restructures operations FedEx Details French Operations Overhaul, Job Cuts Expected
- Negative Sentiment: Rothschild & Co (Redburn) downgraded FedEx to Neutral, arguing that recent rally already priced in the benefits of the LTL spin-off — a viewpoint that can sap momentum and contributed to today’s weaker trade. Rothschild & Co Redburn Downgrades FedEx (NYSE:FDX) to Neutral
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.
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