FedEx Corporation $FDX Shares Bought by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC lifted its stake in shares of FedEx Corporation (NYSE:FDXFree Report) by 20.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,279 shares of the shipping service provider’s stock after acquiring an additional 1,431 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in FedEx were worth $1,964,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in FedEx during the 2nd quarter worth about $605,497,000. AQR Capital Management LLC increased its position in shares of FedEx by 750.9% in the second quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock worth $230,862,000 after acquiring an additional 896,271 shares in the last quarter. Dodge & Cox raised its holdings in shares of FedEx by 4.7% during the second quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock valued at $3,292,016,000 after acquiring an additional 649,426 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of FedEx by 228.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 795,495 shares of the shipping service provider’s stock valued at $180,824,000 after acquiring an additional 553,628 shares in the last quarter. Finally, Amundi lifted its position in shares of FedEx by 162.0% in the 2nd quarter. Amundi now owns 786,263 shares of the shipping service provider’s stock valued at $188,027,000 after acquiring an additional 486,184 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on FDX. Wall Street Zen raised shares of FedEx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. Deutsche Bank Aktiengesellschaft upped their price target on FedEx from $276.00 to $322.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Argus raised their price objective on FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Bank of America raised FedEx from a “neutral” rating to a “buy” rating and set a $365.00 target price on the stock in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of FedEx in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and an average price target of $314.32.

View Our Latest Stock Report on FDX

FedEx News Roundup

Here are the key news stories impacting FedEx this week:

FedEx Stock Up 0.3%

Shares of FedEx stock opened at $363.76 on Friday. The firm has a market cap of $85.53 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 1.82 and a beta of 1.34. The stock has a 50-day simple moving average of $300.05 and a 200-day simple moving average of $260.49. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $366.46. 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 (NYSE:FDXGet Free Report) last issued its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.80. The firm 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 for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were issued 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 1.6%. FedEx’s dividend payout ratio is currently 31.97%.

FedEx Profile

(Free Report)

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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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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