Keeler Thomas Management LLC Makes New Investment in FedEx Corporation $FDX

Keeler Thomas Management LLC bought a new position in shares of FedEx Corporation (NYSE:FDX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,830 shares of the shipping service provider’s stock, valued at approximately $1,780,000.

Other institutional investors also recently bought and sold shares of the company. Abound Financial LLC purchased a new position in FedEx during the first quarter worth about $38,000. WPG Advisers LLC purchased a new position in FedEx during the first quarter worth about $43,000. Cary Street Partners Investment Advisory LLC raised its stake in FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after purchasing an additional 71 shares during the period. Motco raised its stake in FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after purchasing an additional 102 shares during the period. Finally, Rise Advisors LLC raised its stake in FedEx by 21.0% during the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after purchasing an additional 59 shares during the period. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Trading Up 1.3%

Shares of FDX stock opened at $241.24 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 fifty-two week low of $194.29 and a fifty-two week high of $308.53. The stock has a market capitalization of $56.92 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. The company has a 50 day moving average price of $233.05 and a 200 day moving average price of $226.49.

FedEx (NYSE:FDX) last posted its quarterly 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 company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter in the previous year, the business posted $3.60 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s payout ratio is 33.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FDX shares. TD Cowen boosted their price target on shares of FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Truist Financial set a $285.00 price target on shares of FedEx in a research note on Tuesday, October 14th. The Goldman Sachs Group reduced their price target on shares of FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. UBS Group boosted their price target on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, Evercore ISI reduced their price target on shares of FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.