Bank of Montreal Can Acquires 26,346 Shares of FedEx Corporation $FDX

Bank of Montreal Can raised its holdings in FedEx Corporation (NYSE:FDXFree Report) by 12.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 241,670 shares of the shipping service provider’s stock after buying an additional 26,346 shares during the quarter. Bank of Montreal Can owned 0.10% of FedEx worth $56,988,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Grey Fox Wealth Advisors LLC bought a new stake in shares of FedEx in the 3rd quarter valued at $27,000. Twin Peaks Wealth Advisors LLC bought a new position in FedEx during the second quarter worth $28,000. Ameriflex Group Inc. grew its holdings in FedEx by 103.3% in the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after purchasing an additional 63 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in FedEx in the third quarter worth $39,000. Finally, Physician Wealth Advisors Inc. increased its stake in FedEx by 27.5% in the third quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider’s stock valued at $51,000 after purchasing an additional 47 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Key FedEx News

Here are the key news stories impacting FedEx this week:

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FDX. Bank of America increased their price objective on shares of FedEx from $408.00 to $414.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. BNP Paribas Exane set a $280.00 price target on FedEx and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Raymond James Financial increased their price target on FedEx from $305.00 to $410.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Morgan Stanley raised their price objective on FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a research note on Friday, December 19th. Finally, JPMorgan Chase & Co. boosted their price objective on FedEx from $294.00 to $424.00 and gave the company a “neutral” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $371.00.

Read Our Latest Report on FDX

FedEx Stock Performance

Shares of FDX stock opened at $352.77 on Friday. The firm has a 50-day moving average of $345.31 and a 200-day moving average of $285.74. The company has a market cap of $82.94 billion, a P/E ratio of 19.45, a P/E/G ratio of 1.71 and a beta of 1.29. 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 Corporation has a one year low of $194.29 and a one year high of $392.86.

FedEx (NYSE:FDXGet Free Report) last released its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share 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 business had revenue of $23.47 billion for the quarter, compared to analysts’ expectations of $22.79 billion. During the same period in the previous year, the company earned $4.05 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities research analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, March 9th. FedEx’s payout ratio is presently 31.97%.

About FedEx

(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.

See Also

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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