Ameriprise Financial Inc. Increases Holdings in FedEx Corporation $FDX

Ameriprise Financial Inc. raised its holdings in shares of FedEx Corporation (NYSE:FDXFree Report) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,426,235 shares of the shipping service provider’s stock after purchasing an additional 94,184 shares during the period. Ameriprise Financial Inc. owned 0.60% of FedEx worth $335,968,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Grey Fox Wealth Advisors LLC bought a new position in FedEx in the 3rd quarter worth $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of FedEx during the 2nd quarter valued at about $28,000. Wealth Watch Advisors INC bought a new stake in shares of FedEx during the 3rd quarter valued at about $28,000. Ameriflex Group Inc. increased its position in shares of FedEx by 103.3% during the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after buying an additional 63 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of FedEx during the third quarter valued at about $39,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 0.2%

FDX stock opened at $352.54 on Tuesday. The stock has a market capitalization of $82.89 billion, a P/E ratio of 19.43, a P/E/G ratio of 1.67 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 1-year low of $194.29 and a 1-year high of $392.86. The business has a fifty day moving average price of $347.59 and a 200-day moving average price of $288.19.

FedEx (NYSE:FDXGet Free Report) last released its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The company had revenue of $23.47 billion for the quarter, compared to analysts’ expectations of $22.79 billion. During the same period last year, the firm posted $4.05 earnings per share. FedEx’s revenue 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 analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently declared 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. The ex-dividend date is Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.6%. FedEx’s payout ratio is currently 31.97%.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Stephens raised their price objective on shares of FedEx from $330.00 to $405.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Morgan Stanley upped their target price on FedEx from $200.00 to $210.00 and gave the stock an “underweight” rating in a report on Friday, December 19th. Evercore raised their target price on FedEx from $364.00 to $380.00 in a research note on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $479.00 price target on shares of FedEx in a research report on Friday, February 13th. Finally, Argus upped their price target on FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $371.19.

Get Our Latest Stock Analysis on FDX

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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