GFS Advisors LLC Takes Position in FedEx Corporation $FDX

GFS Advisors LLC acquired a new stake in FedEx Corporation (NYSE:FDX) during the 2nd quarter, Holdings Channel reports. The firm acquired 98,903 shares of the shipping service provider’s stock, valued at approximately $22,482,000. FedEx comprises approximately 3.1% of GFS Advisors LLC’s portfolio, making the stock its 7th largest position.

Several other large investors have also made changes to their positions in FDX. Vanguard Group Inc. lifted its position in shares of FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after buying an additional 289,655 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after buying an additional 3,730,273 shares in the last quarter. Invesco Ltd. lifted its position in shares of FedEx by 1.4% in the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock worth $795,940,000 after buying an additional 43,989 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its position in shares of FedEx by 7.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock worth $495,041,000 after buying an additional 135,290 shares in the last quarter. Finally, ACR Alpine Capital Research LLC lifted its position in shares of FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after buying an additional 732,266 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on FDX. Wells Fargo & Company upped their target price on FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, September 19th. Sanford C. Bernstein increased their target price on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research report on Monday, September 22nd. Daiwa Capital Markets increased their target price on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. TD Cowen boosted their price target on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, UBS Group raised their target price on FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $271.25.

FedEx Stock Down 5.0%

FDX stock opened at $225.14 on Friday. The firm has a market cap of $53.12 billion, a PE ratio of 13.14, a PEG ratio of 1.25 and a beta of 1.28. 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 firm’s 50 day moving average price is $230.78 and its 200-day moving average price is $225.76. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53.

FedEx (NYSE:FDX) last announced its earnings results 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 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%.The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were paid a dividend of $1.45 per share. The ex-dividend date was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.6%. FedEx’s payout ratio is presently 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.