Aster Capital Management DIFC Ltd Has $450,000 Stock Holdings in FedEx Corporation $FDX

Aster Capital Management DIFC Ltd decreased its holdings in shares of FedEx Corporation (NYSE:FDXFree Report) by 51.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,908 shares of the shipping service provider’s stock after selling 1,987 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in FedEx were worth $450,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Handelsbanken Fonder AB increased its position in FedEx by 1.5% during the third quarter. Handelsbanken Fonder AB now owns 110,115 shares of the shipping service provider’s stock worth $25,966,000 after buying an additional 1,651 shares during the last quarter. Xponance Inc. boosted its stake in shares of FedEx by 15.2% during the 3rd quarter. Xponance Inc. now owns 52,549 shares of the shipping service provider’s stock worth $12,392,000 after acquiring an additional 6,932 shares in the last quarter. Integrated Advisors Network LLC acquired a new position in shares of FedEx during the 3rd quarter valued at about $203,000. DNB Asset Management AS raised its stake in shares of FedEx by 17.3% in the 3rd quarter. DNB Asset Management AS now owns 73,886 shares of the shipping service provider’s stock valued at $17,423,000 after acquiring an additional 10,884 shares in the last quarter. Finally, Choreo LLC lifted its holdings in FedEx by 6.7% in the 3rd quarter. Choreo LLC now owns 15,863 shares of the shipping service provider’s stock worth $3,764,000 after purchasing an additional 992 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. The Goldman Sachs Group set a $364.00 price target on FedEx and gave the company a “buy” rating in a report on Thursday, February 12th. Rothschild & Co Redburn raised their target price on shares of FedEx from $317.00 to $371.00 and gave the company a “neutral” rating in a research note on Tuesday. Bank of America lifted their target price on shares of FedEx from $408.00 to $414.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Argus upped their price target on shares of FedEx from $250.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, Morgan Stanley raised their price target on FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a research report on Friday, December 19th. Two 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. Based on data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $364.15.

Read Our Latest Research Report on FedEx

FedEx Stock Performance

NYSE FDX opened at $387.07 on Friday. The company’s fifty day moving average is $331.65 and its two-hundred day moving average is $277.04. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $392.86. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The firm has a market capitalization of $91.01 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 1.85 and a beta of 1.34.

FedEx (NYSE:FDXGet Free Report) last announced its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, beating 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 business had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. During the same quarter in the prior year, the business earned $4.05 earnings per share. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities research analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

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

Key Stories Impacting FedEx

Here are the key news stories impacting FedEx this week:

About FedEx

(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.

Further Reading

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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