Reik & CO. LLC Makes New $489,000 Investment in FedEx Corporation $FDX

Reik & CO. LLC bought a new stake in shares of FedEx Corporation (NYSE:FDX) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,075 shares of the shipping service provider’s stock, valued at approximately $489,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted 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 purchasing an additional 207 shares in the last quarter. Empowered Funds LLC raised its stake 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 valued at $2,514,000 after acquiring an additional 4,548 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of FedEx during the 2nd quarter worth $586,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of FedEx by 14.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 67,561 shares of the shipping service provider’s stock valued at $15,357,000 after buying an additional 8,733 shares in the last quarter. Finally, Pure Financial Advisors LLC lifted its stake in FedEx by 22.1% in the second quarter. Pure Financial Advisors LLC now owns 1,864 shares of the shipping service provider’s stock valued at $424,000 after buying an additional 338 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Argus boosted their price target on shares of FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. TD Cowen reiterated a “buy” rating on shares of FedEx in a research note on Friday, December 19th. Susquehanna cut their target price on shares of FedEx from $345.00 to $340.00 in a research note on Tuesday, December 23rd. Evercore ISI upped their price target on shares of FedEx from $275.00 to $288.00 in a research report on Friday, December 19th. Finally, HSBC increased their price target on FedEx from $235.00 to $285.00 and gave the company a “hold” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $303.86.

FedEx Price Performance

FDX stock opened at $322.26 on Friday. The stock’s 50 day moving average is $293.61 and its two-hundred day moving average is $257.19. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $322.75. The company has a market capitalization of $75.77 billion, a PE ratio of 17.77, a P/E/G ratio of 1.61 and a beta of 1.35. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. The business had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were given a $1.45 dividend. The ex-dividend date was Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 1.8%. FedEx’s dividend payout ratio (DPR) 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.