R Squared Ltd Takes Position in FedEx Corporation $FDX

R Squared Ltd acquired a new stake in FedEx Corporation (NYSE:FDX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,300 shares of the shipping service provider’s stock, valued at approximately $750,000.

A number of other institutional investors have also modified their holdings of FDX. WealthPlan Investment Management LLC raised its stake in FedEx by 3.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock valued at $327,000 after acquiring an additional 44 shares during the last quarter. Aaron Wealth Advisors LLC boosted its holdings in FedEx by 2.6% during the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock worth $457,000 after buying an additional 48 shares in the last quarter. SouthState Corp increased its holdings in FedEx by 3.5% in the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock valued at $349,000 after buying an additional 48 shares in the last quarter. Hendershot Investments Inc. lifted its position in shares of FedEx by 4.3% during the 1st quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock valued at $294,000 after acquiring an additional 50 shares during the period. Finally, Loudon Investment Management LLC boosted its stake in shares of FedEx by 5.0% during the 2nd quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock worth $239,000 after acquiring an additional 50 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Performance

NYSE:FDX opened at $238.26 on Friday. 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 firm has a market cap of $56.22 billion, a PE ratio of 13.91, a P/E/G ratio of 1.34 and a beta of 1.28. The firm has a 50 day simple moving average of $232.77 and a 200-day simple moving average of $226.19. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53.

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

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders 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 annualized dividend and a yield of 2.4%. FedEx’s payout ratio is 33.86%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $274.00 price objective (down from $284.00) on shares of FedEx in a report on Wednesday, October 8th. Jefferies Financial Group boosted their price objective on shares of FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Bank of America raised their target price on shares of FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Susquehanna upped their price target on shares of FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a report on Friday, September 19th. Finally, TD Cowen raised their price objective on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.