R Squared Ltd Invests $750,000 in FedEx Corporation $FDX

R Squared Ltd bought a new stake in FedEx Corporation (NYSE:FDX) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,300 shares of the shipping service provider’s stock, valued at approximately $750,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised 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 period. Spire Wealth Management raised its stake in shares of FedEx by 25.4% in the 1st quarter. Spire Wealth Management now owns 888 shares of the shipping service provider’s stock valued at $216,000 after acquiring an additional 180 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of FedEx by 188.0% during the 1st quarter. Golden State Wealth Management LLC now owns 861 shares of the shipping service provider’s stock valued at $210,000 after acquiring an additional 562 shares in the last quarter. HBK Sorce Advisory LLC increased its holdings in FedEx by 2.6% in the 1st quarter. HBK Sorce Advisory LLC now owns 3,201 shares of the shipping service provider’s stock valued at $781,000 after purchasing an additional 82 shares in the last quarter. Finally, Alpine Bank Wealth Management purchased a new position in FedEx in the first quarter valued at about $65,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FDX has been the subject of a number of recent research reports. Evercore ISI lowered their target price on FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Stifel Nicolaus dropped their price objective on shares of FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a research note on Wednesday, September 17th. HSBC upped their target price on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. UBS Group boosted their price objective on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, Susquehanna raised their target price on FedEx from $285.00 to $300.00 and gave the company a “positive” 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 assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average price target of $271.83.

FedEx Trading Down 0.5%

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

FedEx (NYSE:FDX) last issued 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 business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a $1.45 dividend. 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 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.