FedEx Corporation $FDX Shares Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC grew its position in FedEx Corporation (NYSE:FDX) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,917 shares of the shipping service provider’s stock after purchasing an additional 286 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in FedEx were worth $1,118,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. U S Global Investors Inc. increased its holdings in shares of FedEx by 41.6% in the second quarter. U S Global Investors Inc. now owns 1,150 shares of the shipping service provider’s stock valued at $261,000 after purchasing an additional 338 shares during the period. Aberdeen Group plc grew its holdings in FedEx by 19.7% during the second quarter. Aberdeen Group plc now owns 229,276 shares of the shipping service provider’s stock worth $52,117,000 after acquiring an additional 37,699 shares during the period. 3Chopt Investment Partners LLC grew its holdings in FedEx by 11.1% during the second quarter. 3Chopt Investment Partners LLC now owns 1,148 shares of the shipping service provider’s stock worth $263,000 after acquiring an additional 115 shares during the period. Birch Capital Management LLC grew its holdings in FedEx by 3.7% during the second quarter. Birch Capital Management LLC now owns 13,818 shares of the shipping service provider’s stock worth $3,141,000 after acquiring an additional 487 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in FedEx by 29.0% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 39,602 shares of the shipping service provider’s stock worth $9,002,000 after acquiring an additional 8,896 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on FDX shares. The Goldman Sachs Group dropped their target price on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a report on Friday, September 12th. UBS Group raised their target price on FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Barclays reissued an “overweight” rating and issued a $320.00 price objective (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Weiss Ratings reissued a “hold (c)” rating on shares of FedEx in a report on Wednesday. Finally, Truist Financial reissued a “buy” rating and issued a $275.00 price objective on shares of FedEx in a report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $271.25.

FedEx Trading Down 5.0%

NYSE:FDX opened at $225.14 on Friday. The stock has a 50-day simple moving average of $230.78 and a 200-day simple moving average of $225.76. The stock has a market cap of $53.12 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.25 and a beta of 1.28. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25.

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

FedEx Dividend Announcement

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