Cardinal Point Capital Management ULC Buys 771 Shares of FedEx Corporation $FDX

Cardinal Point Capital Management ULC boosted its stake in FedEx Corporation (NYSE:FDX) by 3.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,219 shares of the shipping service provider’s stock after purchasing an additional 771 shares during the period. Cardinal Point Capital Management ULC’s holdings in FedEx were worth $5,960,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Abound Financial LLC bought a new stake in shares of FedEx during the first quarter worth about $38,000. WPG Advisers LLC acquired a new position in shares of FedEx in the first quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after purchasing an additional 71 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in FedEx during the 1st quarter worth about $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. Institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on FDX shares. BMO Capital Markets lowered their price objective on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a report on Friday, September 19th. The Goldman Sachs Group cut their price target on FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research note on Friday, September 12th. TD Cowen boosted their price objective on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Vertical Research dropped their target price on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Finally, Wolfe Research increased their price target on FedEx from $254.00 to $298.00 in a research report on Tuesday, October 7th. One equities 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 issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Stock Performance

Shares of FedEx stock opened at $238.26 on Friday. The business’s fifty day simple moving average is $232.77 and its 200 day simple moving average is $226.19. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The firm has a market capitalization of $56.22 billion, a P/E ratio of 13.91, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28.

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 the consensus estimate of $3.71 by $0.12. The firm 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 was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio is 33.86%.

FedEx Company 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.