Howard Capital Management Inc. Increases Holdings in FedEx Corporation $FDX

Howard Capital Management Inc. boosted its position in FedEx Corporation (NYSE:FDX) by 128.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,913 shares of the shipping service provider’s stock after buying an additional 1,636 shares during the period. Howard Capital Management Inc.’s holdings in FedEx were worth $666,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of FDX. Abound Financial LLC acquired a new stake in FedEx during the 1st quarter valued at approximately $38,000. WPG Advisers LLC acquired a new position in FedEx during the first quarter valued at $43,000. Cary Street Partners Investment Advisory LLC lifted its position 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 valued at $46,000 after purchasing an additional 71 shares during the period. Motco boosted its holdings in FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after purchasing an additional 102 shares during the last quarter. Finally, Rise Advisors LLC grew its position in FedEx by 21.0% during 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. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Trading Up 0.1%

Shares of FDX stock opened at $249.73 on Thursday. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. 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 stock’s fifty day moving average is $234.23 and its two-hundred day moving average is $227.56. The firm has a market capitalization of $58.93 billion, a P/E ratio of 14.58, a PEG ratio of 1.39 and a beta of 1.28.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating 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 company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a report on Friday, September 19th. Bank of America boosted their price target on FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Wells Fargo & Company upped their price objective on FedEx from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Friday, September 19th. TD Cowen lifted their target price on shares of FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a report on Friday, September 19th. Finally, Sanford C. Bernstein boosted their target price on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research note on Monday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average price target 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.