Grantham Mayo Van Otterloo & Co. LLC Has $12.14 Million Stake in FedEx Corporation $FDX

Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of FedEx Corporation (NYSE:FDX) by 10.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,426 shares of the shipping service provider’s stock after buying an additional 5,074 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in FedEx were worth $12,144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FDX. Valeo Financial Advisors LLC increased its holdings 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 valued at $850,948,000 after acquiring an additional 3,730,273 shares during the last quarter. Nuveen LLC bought a new stake in FedEx during the first quarter worth approximately $314,650,000. Vanguard Group Inc. grew its holdings in FedEx by 1.4% during the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after purchasing an additional 289,655 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of FedEx by 302.6% in the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock valued at $85,883,000 after purchasing an additional 264,792 shares during the period. Finally, Strs Ohio acquired a new stake in shares of FedEx in the first quarter worth $64,242,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Down 0.0%

Shares of FDX opened at $275.70 on Friday. The stock’s 50-day moving average price is $249.80 and its 200 day moving average price is $235.29. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $65.05 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 1.43 and a beta of 1.31. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $304.76.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.12. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a $1.45 dividend. The ex-dividend date is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.1%. FedEx’s dividend payout ratio is currently 33.86%.

Analyst Ratings Changes

FDX has been the topic of a number of research analyst reports. HSBC raised their target price on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Jefferies Financial Group boosted their price objective on 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 FedEx from $270.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, November 13th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of FedEx in a research report on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $276.13.

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.