FedEx Corporation $FDX Shares Bought by Kelman Lazarov Inc.

Kelman Lazarov Inc. raised its stake in FedEx Corporation (NYSE:FDX) by 5.0% in the second quarter, HoldingsChannel.com reports. The fund owned 3,194 shares of the shipping service provider’s stock after purchasing an additional 153 shares during the quarter. Kelman Lazarov Inc.’s holdings in FedEx were worth $726,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC increased its stake in FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in FedEx by 21.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 92,967 shares of the shipping service provider’s stock valued at $22,664,000 after purchasing an additional 16,490 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in FedEx by 60.0% in the first quarter. Exchange Traded Concepts LLC now owns 576 shares of the shipping service provider’s stock valued at $140,000 after purchasing an additional 216 shares during the last quarter. Evanson Asset Management LLC increased its stake in FedEx by 6.0% in the first quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider’s stock valued at $214,000 after purchasing an additional 50 shares during the last quarter. Finally, North Growth Management Ltd. increased its stake in FedEx by 3.0% in the first quarter. North Growth Management Ltd. now owns 34,000 shares of the shipping service provider’s stock valued at $8,196,000 after purchasing an additional 1,000 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wolfe Research upped their target price on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. Citigroup upped their target price on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Bank of America boosted their price target on FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. TD Cowen boosted their price target on FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Wall Street Zen raised FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average target price of $271.83.

FedEx Price Performance

FDX stock opened at $238.55 on Friday. 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 Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The firm has a market cap of $56.29 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. The stock has a 50-day simple moving average of $231.90 and a 200-day simple moving average of $225.47.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) 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 business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter last year, the firm earned $3.60 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio is presently 33.86%.

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.