Advisors Asset Management Inc. Acquires 1,533 Shares of FedEx Corporation $FDX

Advisors Asset Management Inc. lifted its stake in shares of FedEx Corporation (NYSE:FDXFree Report) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,472 shares of the shipping service provider’s stock after purchasing an additional 1,533 shares during the period. Advisors Asset Management Inc.’s holdings in FedEx were worth $16,618,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FDX. Grey Fox Wealth Advisors LLC bought a new stake in shares of FedEx during the third quarter valued at about $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in FedEx during the second quarter valued at about $28,000. NewSquare Capital LLC boosted its stake in shares of FedEx by 121.8% during 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. Physician Wealth Advisors Inc. raised its stake in shares of FedEx by 27.5% during the third quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider’s stock valued at $51,000 after acquiring an additional 47 shares during the last quarter. Finally, City Holding Co. raised its holdings in shares of FedEx by 167.0% during the third quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock valued at $63,000 after acquiring an additional 167 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of NYSE:FDX opened at $367.83 on Wednesday. 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’s 50 day simple moving average is $305.71 and its 200-day simple moving average is $263.64. The firm has a market cap of $86.48 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.83 and a beta of 1.34. FedEx Corporation has a one year low of $194.29 and a one year high of $370.86.

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

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, December 15th. FedEx’s payout ratio is 31.97%.

More FedEx News

Here are the key news stories impacting FedEx this week:

Analysts Set New Price Targets

Several research analysts have recently issued reports on FDX shares. Stephens increased their target price on FedEx from $260.00 to $330.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Jefferies Financial Group boosted their target price on FedEx from $315.00 to $326.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Wolfe Research set a $355.00 target price on FedEx in a research report on Wednesday, January 21st. Royal Bank Of Canada downgraded FedEx to a “sector perform” rating in a research note on Wednesday, December 17th. Finally, BMO Capital Markets boosted their price objective on FedEx from $265.00 to $290.00 and gave the company a “market perform” rating in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $319.26.

Check Out Our Latest Stock Report 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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