Nordea Investment Management AB Has $6.90 Million Stock Holdings in FedEx Corporation $FDX

Nordea Investment Management AB decreased its stake in FedEx Corporation (NYSE:FDX) by 82.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 30,238 shares of the shipping service provider’s stock after selling 142,415 shares during the period. Nordea Investment Management AB’s holdings in FedEx were worth $6,895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Golden State Wealth Management LLC boosted its stake in FedEx by 21.1% during the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock worth $88,000 after buying an additional 63 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in FedEx during the second quarter worth $586,000. Sage Capital Advisors llc boosted its stake in FedEx by 136.5% during the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after buying an additional 20,024 shares in the last quarter. Value Partners Investments Inc. lifted its holdings in shares of FedEx by 26.4% during the second quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock valued at $41,247,000 after acquiring an additional 37,950 shares during the period. Finally, Xcel Wealth Management LLC bought a new position in shares of FedEx during the second quarter valued at $1,200,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. HSBC boosted their price objective on FedEx from $230.00 to $235.00 in a report on Friday, September 19th. The Goldman Sachs Group decreased their target price on FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research report on Friday, September 12th. BMO Capital Markets decreased their target price on FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a research report on Friday, September 19th. Truist Financial set a $285.00 target price on FedEx in a research report on Tuesday, October 14th. Finally, Evercore ISI cut their target price on FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $271.83.

FedEx Price Performance

FedEx stock opened at $239.97 on Tuesday. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $56.62 billion, a PE ratio of 14.01, a P/E/G ratio of 1.33 and a beta of 1.28. The stock has a 50-day moving average price of $232.20 and a two-hundred day moving average price of $225.75.

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

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were issued a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is 33.86%.

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.