Cidel Asset Management Inc. Boosts Stock Position in FedEx Corporation $FDX

Cidel Asset Management Inc. boosted its holdings in shares of FedEx Corporation (NYSE:FDX) by 7.4% in the second quarter, Holdings Channel.com reports. The fund owned 2,804 shares of the shipping service provider’s stock after acquiring an additional 193 shares during the quarter. Cidel Asset Management Inc.’s holdings in FedEx were worth $637,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Abound Financial LLC bought a new position in shares of FedEx during the 1st quarter worth $38,000. WPG Advisers LLC bought a new position in shares of FedEx during the 1st quarter worth $43,000. Cary Street Partners Investment Advisory LLC grew its position in shares of FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after buying an additional 71 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of FedEx during the 1st quarter worth $65,000. Finally, Motco grew its position in shares of FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after buying an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 0.7%

Shares of NYSE FDX opened at $238.55 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The stock has a market capitalization 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. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The business has a fifty day moving average price of $231.90 and a 200 day moving average price of $225.54.

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

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were paid a $1.45 dividend. The ex-dividend date 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 (DPR) is 33.86%.

Analyst Ratings Changes

FDX has been the topic of a number of recent research reports. Wells Fargo & Company increased their price target on FedEx from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Friday, September 19th. Cowen reissued a “buy” rating on shares of FedEx in a research report on Wednesday, June 25th. HSBC increased their price target on FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Sanford C. Bernstein increased their price target on FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research report on Monday, September 22nd. Finally, Citigroup upped their price objective on FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $271.83.

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.