Envestnet Asset Management Inc. Has $86.67 Million Stock Position in FedEx Corporation $FDX

Envestnet Asset Management Inc. grew its position in FedEx Corporation (NYSE:FDX) by 9.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 381,298 shares of the shipping service provider’s stock after buying an additional 32,292 shares during the period. Envestnet Asset Management Inc.’s holdings in FedEx were worth $86,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Abound Financial LLC acquired a new position in shares of FedEx in the 1st quarter valued at $38,000. WPG Advisers LLC acquired a new position in shares of FedEx in the 1st quarter valued at $43,000. Cary Street Partners Investment Advisory LLC grew its holdings in shares of FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after buying an additional 71 shares during the period. Motco boosted its stake in FedEx by 61.8% in the 1st 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 boosted its stake in FedEx by 21.0% in the 1st 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. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on FDX. Bank of America increased their price objective on shares of FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. Wolfe Research increased their price objective on shares of FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of FedEx in a research note on Wednesday, October 8th. Daiwa Capital Markets increased their price objective on shares of FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, September 22nd. Finally, HSBC increased their price objective on shares of FedEx from $230.00 to $235.00 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 issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $271.83.

FedEx Stock Up 0.1%

Shares of FDX stock opened at $249.73 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The firm’s 50-day moving average is $234.23 and its 200-day moving average is $227.56. The stock has a market cap of $58.93 billion, a price-to-earnings ratio of 14.58, a PEG ratio of 1.39 and a beta of 1.28. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion for 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%. FedEx’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

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

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.