Chicago Partners Investment Group LLC Has $645,000 Stock Holdings in FedEx Corporation $FDX

Chicago Partners Investment Group LLC increased its stake in shares of FedEx Corporation (NYSE:FDX) by 59.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,710 shares of the shipping service provider’s stock after acquiring an additional 1,015 shares during the period. Chicago Partners Investment Group LLC’s holdings in FedEx were worth $645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after purchasing an additional 289,655 shares in the last quarter. Valeo Financial Advisors LLC grew its position in FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after purchasing an additional 3,730,273 shares in the last quarter. Invesco Ltd. grew its position in FedEx by 1.4% in the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock valued at $795,940,000 after purchasing an additional 43,989 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in FedEx by 7.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock valued at $495,041,000 after purchasing an additional 135,290 shares in the last quarter. Finally, ACR Alpine Capital Research LLC grew its position in FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock valued at $386,399,000 after purchasing an additional 732,266 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Price Performance

Shares of NYSE:FDX opened at $242.80 on Wednesday. The firm has a 50 day moving average of $232.46 and a 200-day moving average of $225.87. The stock has a market capitalization of $57.29 billion, a PE ratio of 14.17, a PEG ratio of 1.34 and a beta of 1.28. 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 Corporation has a 12 month low of $194.29 and a 12 month high of $308.53.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts predict that FedEx Corporation will post 19.14 EPS 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 issued a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s payout ratio is presently 33.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on FDX shares. TD Cowen lifted their price objective on shares of FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research report on Friday, September 19th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $274.00 price objective (down previously from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. Jefferies Financial Group lifted their price objective on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Sanford C. Bernstein lifted their target price on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a report on Monday, September 22nd. Finally, Wells Fargo & Company lifted their target price on shares of FedEx from $235.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, September 19th. One 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. According to data from MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and an average target price of $271.83.

FedEx 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.