SYM FINANCIAL Corp Makes New $274,000 Investment in FedEx Corporation $FDX

SYM FINANCIAL Corp acquired a new position in FedEx Corporation (NYSE:FDX) in the 2nd quarter, Holdings Channel reports. The firm acquired 1,203 shares of the shipping service provider’s stock, valued at approximately $274,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in FedEx by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after acquiring an additional 289,655 shares during the last quarter. Valeo Financial Advisors LLC grew its position in shares of FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares during the period. Invesco Ltd. lifted its stake in shares of FedEx by 1.4% during the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock valued at $795,940,000 after buying an additional 43,989 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in FedEx by 7.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock worth $495,041,000 after purchasing an additional 135,290 shares in the last quarter. Finally, ACR Alpine Capital Research LLC raised its position in shares of FedEx by 85.9% during the 1st 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 buying an additional 732,266 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Price Performance

Shares of FDX stock opened at $247.41 on Tuesday. The firm’s 50-day moving average is $233.44 and its two-hundred day moving average is $226.96. The company has a market capitalization of $58.38 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. 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 (NYSE:FDX) last released its quarterly 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 the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on FDX. JPMorgan Chase & Co. restated a “neutral” rating and issued a $274.00 target price (down from $284.00) on shares of FedEx in a research note on Wednesday, October 8th. TD Cowen raised their price target on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Wolfe Research increased their price objective on shares of FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. Jefferies Financial Group raised their price target on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, BMO Capital Markets dropped their target price on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock 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, FedEx has a consensus rating of “Moderate Buy” and an average 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.