AG2R LA Mondiale Gestion D Actifs Grows Stock Position in FedEx Corporation $FDX

AG2R LA Mondiale Gestion D Actifs raised its holdings in FedEx Corporation (NYSE:FDX) by 3.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,113 shares of the shipping service provider’s stock after buying an additional 280 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in FedEx were worth $2,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings 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 valued at $4,994,848,000 after purchasing an additional 289,655 shares during the period. Valeo Financial Advisors LLC increased its holdings 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 valued at $850,948,000 after purchasing an additional 3,730,273 shares during the period. Invesco Ltd. increased its holdings 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 valued at $795,940,000 after purchasing an additional 43,989 shares during the period. Hotchkis & Wiley Capital Management LLC increased its holdings 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 valued at $495,041,000 after purchasing an additional 135,290 shares during the period. Finally, ACR Alpine Capital Research LLC increased its holdings 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 valued at $386,399,000 after purchasing an additional 732,266 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Stock Performance

Shares of FDX stock opened at $241.24 on Friday. The company has a market capitalization of $56.92 billion, a P/E ratio of 14.08, a P/E/G ratio of 1.34 and a beta of 1.28. The business’s 50 day moving average is $233.05 and its two-hundred day moving average is $226.69. 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.

FedEx (NYSE:FDX) last issued its quarterly earnings results 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 company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx’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 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were given 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 yield of 2.4%. FedEx’s dividend payout ratio is currently 33.86%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FDX. HSBC increased their price objective on FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Weiss Ratings reissued a “hold (c)” rating on shares of FedEx in a report on Wednesday, October 8th. The Goldman Sachs Group dropped their target price on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Citigroup raised their target price on FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, Wolfe Research raised their target price on FedEx from $254.00 to $298.00 in a report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

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.