Jones Financial Companies Lllp Grows Stake in FedEx Corporation $FDX

Jones Financial Companies Lllp lifted its stake in FedEx Corporation (NYSE:FDXFree Report) by 8.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,521 shares of the shipping service provider’s stock after purchasing an additional 2,545 shares during the quarter. Jones Financial Companies Lllp’s holdings in FedEx were worth $7,494,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC purchased a new stake in shares of FedEx during the third quarter worth about $27,000. NewSquare Capital LLC grew its holdings in shares of FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after purchasing an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of FedEx during the 2nd quarter worth approximately $28,000. City Holding Co. increased its stake in FedEx by 167.0% during the third quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after acquiring an additional 167 shares during the last quarter. Finally, Quent Capital LLC acquired a new stake in shares of FedEx during the 3rd quarter worth about $71,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FDX shares. Bank of America upgraded FedEx from a “neutral” rating to a “buy” rating and set a $365.00 price objective on the stock in a report on Friday, January 9th. Rothschild Redb cut FedEx from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 21st. Stephens boosted their target price on FedEx from $260.00 to $330.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Raymond James Financial increased their price target on shares of FedEx from $255.00 to $305.00 and gave the stock an “outperform” rating in a research note on Monday, December 22nd. Finally, BMO Capital Markets lifted their target price on FedEx from $265.00 to $290.00 and gave the company a “market perform” rating in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target of $314.32.

Check Out Our Latest Report on FedEx

Key FedEx News

Here are the key news stories impacting FedEx this week:

FedEx Stock Performance

Shares of FDX stock opened at $363.76 on Friday. The company has a 50 day moving average price of $300.05 and a 200 day moving average price of $260.49. FedEx Corporation has a one year low of $194.29 and a one year high of $366.46. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. The firm has a market capitalization of $85.53 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.82 and a beta of 1.34.

FedEx (NYSE:FDXGet Free Report) last posted its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. The company 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 business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Sell-side analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders 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 annualized dividend and a dividend yield of 1.6%. FedEx’s dividend payout ratio (DPR) is 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.

See Also

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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