Westwood Holdings Group Inc. Raises Stock Position in FedEx Corporation $FDX

Westwood Holdings Group Inc. grew its position in FedEx Corporation (NYSE:FDX) by 8.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 59,958 shares of the shipping service provider’s stock after purchasing an additional 4,492 shares during the period. Westwood Holdings Group Inc.’s holdings in FedEx were worth $13,629,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WealthPlan Investment Management LLC lifted its holdings in FedEx by 3.2% in the second 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 during the last quarter. L2 Asset Management LLC raised its position in FedEx by 4.9% in the second quarter. L2 Asset Management LLC now owns 985 shares of the shipping service provider’s stock valued at $224,000 after purchasing an additional 46 shares during the period. Stonebridge Capital Advisors LLC lifted its stake in shares of FedEx by 4.1% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 1,163 shares of the shipping service provider’s stock valued at $264,000 after purchasing an additional 46 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in shares of FedEx by 1.3% during 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 during the period. Finally, Loudon Investment Management LLC increased its position in shares of FedEx by 5.0% during the 2nd quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock worth $239,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

FDX has been the topic of a number of recent analyst reports. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Susquehanna upped their price objective on shares of FedEx from $300.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, December 4th. Truist Financial set a $285.00 target price on FedEx in a research report on Tuesday, October 14th. Raymond James Financial restated an “outperform” rating and set a $255.00 price target on shares of FedEx in a research note on Thursday, September 18th. Finally, The Goldman Sachs Group lifted their price objective on FedEx from $280.00 to $301.00 and gave the company a “buy” rating in a research note on Thursday. One research 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $284.29.

FedEx Stock Performance

Shares of FDX stock opened at $284.62 on Monday. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $295.24. The firm has a 50 day moving average of $257.72 and a two-hundred day moving average of $239.24. 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 stock has a market capitalization of $67.16 billion, a PE ratio of 16.62, a P/E/G ratio of 1.47 and a beta of 1.32.

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 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 business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same period last year, the firm earned $3.60 earnings per share. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.0%. FedEx’s payout ratio is currently 33.86%.

FedEx 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.