FedEx Corporation $FDX Position Lifted by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC raised its stake in FedEx Corporation (NYSE:FDX) by 0.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 117,659 shares of the shipping service provider’s stock after acquiring an additional 159 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in FedEx were worth $26,745,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC increased its holdings in FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after buying an additional 207 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of FedEx by 21.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 92,967 shares of the shipping service provider’s stock valued at $22,664,000 after acquiring an additional 16,490 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in shares of FedEx by 60.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 576 shares of the shipping service provider’s stock valued at $140,000 after acquiring an additional 216 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in shares of FedEx by 101.3% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,526 shares of the shipping service provider’s stock valued at $1,096,000 after acquiring an additional 2,278 shares in the last quarter. Finally, Shelton Wealth Management LLC lifted its stake in FedEx by 2.5% during the first quarter. Shelton Wealth Management LLC now owns 4,809 shares of the shipping service provider’s stock worth $1,172,000 after purchasing an additional 116 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the topic of a number of research reports. UBS Group increased their target price on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Wolfe Research increased their price objective on shares of FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. Wall Street Zen raised shares of FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Cowen reiterated a “buy” rating on shares of FedEx in a research report on Wednesday, June 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of FedEx in a report on Wednesday, October 8th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Stock Performance

FDX opened at $238.55 on Friday. 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 business’s 50 day moving average is $231.90 and its 200-day moving average is $225.61. The stock has a market cap of $56.29 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.32 and a beta of 1.28. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53.

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

FedEx Announces Dividend

The business also recently disclosed 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. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, September 8th. 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.