Aberdeen Group plc Decreases Position in FedEx Corporation $FDX

Aberdeen Group plc lowered its stake in shares of FedEx Corporation (NYSE:FDX) by 14.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 196,265 shares of the shipping service provider’s stock after selling 33,011 shares during the quarter. Aberdeen Group plc owned approximately 0.08% of FedEx worth $46,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of FDX. BHK Investment Advisors LLC lifted its holdings in shares of FedEx by 1.4% in the third quarter. BHK Investment Advisors LLC now owns 3,074 shares of the shipping service provider’s stock valued at $725,000 after purchasing an additional 41 shares in the last quarter. Probity Advisors Inc. lifted its stake in FedEx by 2.2% in the 3rd quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock valued at $467,000 after buying an additional 43 shares in the last quarter. Joel Isaacson & Co. LLC grew its holdings in FedEx by 1.7% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,617 shares of the shipping service provider’s stock valued at $617,000 after buying an additional 44 shares during the last quarter. Triglav Investments D.O.O. increased its position in FedEx by 0.8% during 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 buying an additional 44 shares in the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co raised its holdings in shares of FedEx by 1.2% in the third quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 3,890 shares of the shipping service provider’s stock worth $917,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Up 1.4%

FDX opened at $374.61 on Tuesday. The firm has a market capitalization of $88.08 billion, a P/E ratio of 20.65, a P/E/G ratio of 1.81 and a beta of 1.33. The firm’s 50 day moving average is $313.52 and its 200-day moving average is $267.59. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $380.86.

FedEx (NYSE:FDX) last announced its earnings results 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. 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 analyst estimates of $22.79 billion. During the same period in the prior year, the company posted $4.05 EPS. FedEx’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. Analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be given a $1.45 dividend. The ex-dividend date is Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.5%. FedEx’s dividend payout ratio is presently 31.97%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Rothschild & Co Redburn set a $271.00 target price on shares of FedEx in a research note on Wednesday, January 21st. Barclays boosted their price objective on shares of FedEx from $360.00 to $450.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of FedEx in a research note on Tuesday, January 20th. Susquehanna lowered their target price on shares of FedEx from $345.00 to $340.00 in a research note on Tuesday, December 23rd. Finally, Wall Street Zen raised FedEx from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $355.50.

About FedEx

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.