15,193 Shares in FedEx Corporation $FDX Bought by Caprock Group LLC

Caprock Group LLC bought a new stake in shares of FedEx Corporation (NYSE:FDX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,193 shares of the shipping service provider’s stock, valued at approximately $3,511,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BHK Investment Advisors LLC grew its stake in shares of FedEx by 1.4% during the 3rd quarter. BHK Investment Advisors LLC now owns 3,074 shares of the shipping service provider’s stock valued at $725,000 after acquiring an additional 41 shares during the period. Probity Advisors Inc. lifted its holdings in FedEx by 2.2% during the third quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock valued at $467,000 after purchasing an additional 43 shares in the last quarter. WealthPlan Investment Management LLC boosted its position in shares of FedEx by 3.2% in the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after purchasing an additional 44 shares during the period. Joel Isaacson & Co. LLC increased its stake in shares of FedEx by 1.7% in the third quarter. Joel Isaacson & Co. LLC now owns 2,617 shares of the shipping service provider’s stock worth $617,000 after purchasing an additional 44 shares in the last quarter. Finally, Triglav Investments D.O.O. increased its stake in shares of FedEx by 0.8% in the third quarter. Triglav Investments D.O.O. now owns 5,704 shares of the shipping service provider’s stock worth $1,344,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Stifel Nicolaus set a $328.00 target price on shares of FedEx in a research note on Friday, December 19th. Rothschild & Co Redburn set a $271.00 price target on FedEx in a report on Wednesday, January 21st. Susquehanna lowered their price objective on FedEx from $345.00 to $340.00 in a research report on Tuesday, December 23rd. Truist Financial increased their target price on FedEx from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on FedEx from $276.00 to $322.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, FedEx has an average rating of “Moderate Buy” and an average price target of $319.26.

FedEx Trading Down 0.2%

Shares of FDX opened at $367.07 on Thursday. The stock has a market capitalization of $86.31 billion, a PE ratio of 20.24, a P/E/G ratio of 1.85 and a beta of 1.34. The company’s fifty day moving average is $307.65 and its 200 day moving average is $264.36. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $374.80.

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

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were paid a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, December 15th. FedEx’s dividend payout ratio (DPR) is presently 31.97%.

FedEx Profile

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.