FedEx Corporation $FDX Shares Bought by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lifted its holdings in shares of FedEx Corporation (NYSE:FDX) by 0.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 117,659 shares of the shipping service provider’s stock after purchasing an additional 159 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in FedEx were worth $26,745,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in FDX. WealthPlan Investment Management LLC boosted its stake in FedEx by 3.2% in the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after buying an additional 44 shares during the last quarter. Aaron Wealth Advisors LLC lifted its holdings in shares of FedEx by 2.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock worth $457,000 after acquiring an additional 48 shares during the period. SouthState Corp boosted its position in shares of FedEx by 3.5% in the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock worth $349,000 after acquiring an additional 48 shares during the last quarter. Evanson Asset Management LLC boosted its position in shares of FedEx by 6.0% in the first quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider’s stock worth $214,000 after acquiring an additional 50 shares during the last quarter. Finally, Hendershot Investments Inc. increased its position in FedEx by 4.3% during the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock worth $294,000 after purchasing an additional 50 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Price Performance

Shares of FDX stock opened at $238.55 on Friday. The firm has a fifty day simple moving average of $231.90 and a 200-day simple moving average of $225.61. The company has a market capitalization of $56.29 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28. FedEx Corporation has a twelve month low of $194.29 and a twelve month 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.

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

FedEx Announces Dividend

The firm 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 of this dividend was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. FedEx’s dividend payout ratio is currently 33.86%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on FDX shares. BNP Paribas Exane upgraded shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a report on Thursday, July 3rd. Vertical Research reduced their target price on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Truist Financial set a $285.00 price objective on shares of FedEx in a research note on Tuesday. Wells Fargo & Company upped their price target on shares of FedEx from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Friday, September 19th. Finally, Stephens reissued an “overweight” rating and issued a $260.00 price objective on shares of FedEx in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $271.83.

FedEx Company Profile

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.