Chicago Partners Investment Group LLC Purchases 1,015 Shares of FedEx Corporation $FDX

Chicago Partners Investment Group LLC grew its position in FedEx Corporation (NYSE:FDXFree Report) by 59.9% during the second quarter, HoldingsChannel reports. The firm owned 2,710 shares of the shipping service provider’s stock after buying an additional 1,015 shares during the period. Chicago Partners Investment Group LLC’s holdings in FedEx were worth $645,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Abound Financial LLC bought a new stake in shares of FedEx in the 1st quarter valued at $38,000. WPG Advisers LLC bought a new stake in shares of FedEx in the 1st quarter valued at $43,000. Cary Street Partners Investment Advisory LLC boosted its stake in FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after acquiring an additional 71 shares in the last quarter. Alpine Bank Wealth Management bought a new position in FedEx during the first quarter worth $65,000. Finally, Motco boosted its stake in FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after acquiring an additional 102 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FDX has been the topic of several research analyst reports. Susquehanna increased their target price on shares of FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research note on Friday, September 19th. BMO Capital Markets dropped their price objective on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. Daiwa Capital Markets raised their price objective on shares of FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. Truist Financial set a $285.00 price objective on shares of FedEx in a research note on Tuesday, October 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of FedEx in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $271.83.

Read Our Latest Analysis on FedEx

FedEx Stock Performance

NYSE FDX opened at $242.80 on Wednesday. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The company has a 50-day simple moving average of $232.46 and a 200 day simple moving average of $225.87. 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 company has a market capitalization of $57.29 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28.

FedEx (NYSE:FDXGet Free Report) last posted 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 net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter last year, the company posted $3.60 earnings per share. The firm’s quarterly 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. On average, research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were paid a $1.45 dividend. 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 payout ratio is currently 33.86%.

About FedEx

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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