Banco Santander S.A. Boosts Stock Position in FedEx Corporation $FDX

Banco Santander S.A. boosted its holdings in shares of FedEx Corporation (NYSE:FDX) by 1,482.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,560 shares of the shipping service provider’s stock after purchasing an additional 51,112 shares during the quarter. Banco Santander S.A.’s holdings in FedEx were worth $12,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its holdings in FedEx by 9.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 381,298 shares of the shipping service provider’s stock worth $86,672,000 after purchasing an additional 32,292 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in FedEx by 1.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 81,110 shares of the shipping service provider’s stock worth $18,555,000 after purchasing an additional 993 shares during the last quarter. Resonant Capital Advisors LLC purchased a new stake in FedEx during the 2nd quarter worth approximately $237,000. Wealthfront Advisers LLC increased its holdings in FedEx by 132.8% during the 2nd quarter. Wealthfront Advisers LLC now owns 36,125 shares of the shipping service provider’s stock worth $8,212,000 after purchasing an additional 20,608 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in FedEx by 24.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock worth $59,583,000 after purchasing an additional 51,294 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on FDX shares. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Wall Street Zen raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. HSBC increased their price target on shares of FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. UBS Group increased their price target on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, TD Cowen increased their price target on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $271.83.

FedEx Stock Performance

Shares of NYSE FDX opened at $247.41 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The firm’s 50-day moving average price is $233.44 and its two-hundred day moving average price is $226.96. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The stock has a market capitalization of $58.38 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.34 and a beta of 1.28.

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, 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 firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter last year, the company posted $3.60 earnings per share. FedEx’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were paid a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.3%. FedEx’s dividend payout ratio (DPR) is presently 33.86%.

About FedEx

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.