Banco Santander S.A. Raises Position in FedEx Corporation $FDX

Banco Santander S.A. grew its holdings in shares of FedEx Corporation (NYSE:FDX) by 1,482.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 54,560 shares of the shipping service provider’s stock after purchasing an additional 51,112 shares during the quarter. Banco Santander S.A.’s holdings in FedEx were worth $12,402,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in FDX. Valeo Financial Advisors LLC lifted its stake in shares of FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after purchasing an additional 3,730,273 shares during the period. Nuveen LLC purchased a new position in shares of FedEx during the 1st quarter worth $314,650,000. ACR Alpine Capital Research LLC lifted its stake in shares of FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after purchasing an additional 732,266 shares during the period. Vanguard Group Inc. lifted its stake in shares of FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after purchasing an additional 289,655 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of FedEx by 302.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock worth $85,883,000 after purchasing an additional 264,792 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 2.6%

Shares of NYSE FDX opened at $247.41 on Tuesday. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a market cap of $58.38 billion, a P/E ratio of 14.44, a P/E/G 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. The stock has a fifty day moving average price of $233.44 and a 200 day moving average price of $226.96.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the prior year, the firm earned $3.60 EPS. The firm’s quarterly 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. Research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were issued a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio is currently 33.86%.

Analysts Set New Price Targets

A number of research firms have recently commented on FDX. Vertical Research dropped their price objective on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. UBS Group upped their price objective on FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. The Goldman Sachs Group dropped their price objective on FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a report on Friday, September 12th. Truist Financial set a $285.00 price objective on FedEx in a report on Tuesday, October 14th. Finally, BNP Paribas Exane upgraded FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price objective for the company in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and an average price target 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.