Hudson Bay Capital Management LP Buys 29,955 Shares of FedEx Corporation $FDX

Hudson Bay Capital Management LP raised its stake in FedEx Corporation (NYSE:FDX) by 118.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 55,152 shares of the shipping service provider’s stock after buying an additional 29,955 shares during the quarter. Hudson Bay Capital Management LP’s holdings in FedEx were worth $12,537,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. WealthPlan Investment Management LLC lifted its stake in FedEx by 3.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock valued at $327,000 after acquiring an additional 44 shares in the last quarter. L2 Asset Management LLC boosted its holdings in FedEx by 4.9% during the second quarter. L2 Asset Management LLC now owns 985 shares of the shipping service provider’s stock worth $224,000 after purchasing an additional 46 shares during the last quarter. Stonebridge Capital Advisors LLC grew its position in FedEx by 4.1% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 1,163 shares of the shipping service provider’s stock worth $264,000 after purchasing an additional 46 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its position in FedEx by 1.3% in the 2nd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 3,922 shares of the shipping service provider’s stock worth $892,000 after purchasing an additional 49 shares in the last quarter. Finally, Loudon Investment Management LLC increased its stake in FedEx by 5.0% in the 2nd quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock valued at $239,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FDX shares. Sanford C. Bernstein boosted their target price on FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research note on Monday, September 22nd. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Susquehanna raised their target price on FedEx from $300.00 to $345.00 and gave the company a “positive” rating in a research report on Thursday, December 4th. Evercore ISI lifted their target price on FedEx from $239.00 to $275.00 and gave the stock an “in-line” rating in a research note on Tuesday, December 9th. Finally, The Goldman Sachs Group increased their price target on shares of FedEx from $280.00 to $301.00 and gave the company a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $284.29.

FedEx Stock Down 0.1%

FDX stock opened at $284.62 on Monday. The stock has a fifty day moving average of $257.72 and a 200-day moving average of $239.24. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $295.24. The company has a market capitalization of $67.16 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.47 and a beta of 1.32. 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 (NYSE:FDX) last announced its quarterly earnings data 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 business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities 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. Investors of record on Monday, December 15th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, December 15th. FedEx’s payout ratio is currently 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.