3Chopt Investment Partners LLC Acquires 115 Shares of FedEx Corporation $FDX

3Chopt Investment Partners LLC increased its holdings in shares of FedEx Corporation (NYSE:FDX) by 11.1% during the second quarter, HoldingsChannel.com reports. The fund owned 1,148 shares of the shipping service provider’s stock after buying an additional 115 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in FedEx were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Abound Financial LLC bought a new stake in FedEx during the first quarter worth $38,000. WPG Advisers LLC bought a new stake in shares of FedEx in the first quarter valued at $43,000. Cary Street Partners Investment Advisory LLC raised its stake in shares of FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after buying an additional 71 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of FedEx in the first quarter valued at $65,000. Finally, Motco raised its stake in shares of FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after buying an additional 102 shares during the period. 84.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FDX has been the topic of several research reports. Daiwa Capital Markets boosted their target price on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. Wells Fargo & Company boosted their target price on FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, September 19th. Raymond James Financial restated an “outperform” rating and issued a $255.00 target price on shares of FedEx in a research note on Thursday, September 18th. Evercore ISI lowered their target price on FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Finally, Jefferies Financial Group lifted their price target on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $271.25.

FedEx Trading Down 5.0%

NYSE FDX opened at $225.14 on Friday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The stock has a 50-day moving average of $230.78 and a 200-day moving average of $225.89. The firm has a market cap of $53.12 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28.

FedEx (NYSE:FDX) last released its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the company posted $3.60 EPS. FedEx’s revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s payout ratio is 33.86%.

About FedEx

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.