FedEx Corporation $FDX Shares Bought by DNB Asset Management AS

DNB Asset Management AS lifted its position in shares of FedEx Corporation (NYSE:FDXFree Report) by 17.3% during the third quarter, Holdings Channel.com reports. The firm owned 73,886 shares of the shipping service provider’s stock after acquiring an additional 10,884 shares during the period. DNB Asset Management AS’s holdings in FedEx were worth $17,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in FDX. Grey Fox Wealth Advisors LLC purchased a new stake in FedEx during the third quarter worth $27,000. NewSquare Capital LLC raised its position in shares of FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of FedEx during the 2nd quarter worth about $28,000. Abich Financial Wealth Management LLC acquired a new stake in shares of FedEx during the 3rd quarter valued at about $39,000. Finally, Physician Wealth Advisors Inc. grew its position in shares of FedEx by 27.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider’s stock valued at $51,000 after acquiring an additional 47 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about FedEx

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FedEx Trading Down 0.2%

Shares of FDX stock opened at $387.07 on Friday. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $392.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. The stock’s fifty day moving average is $331.65 and its two-hundred day moving average is $277.04. The firm has a market capitalization of $91.01 billion, a P/E ratio of 21.34, a PEG ratio of 1.85 and a beta of 1.34.

FedEx (NYSE:FDXGet Free Report) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The business had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. During the same period in the prior year, the business earned $4.05 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be issued a $1.45 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.5%. FedEx’s dividend payout ratio is currently 31.97%.

Analyst Ratings Changes

A number of research firms recently weighed in on FDX. The Goldman Sachs Group set a $364.00 price target on FedEx and gave the stock a “buy” rating in a report on Thursday, February 12th. Stifel Nicolaus set a $412.00 target price on FedEx in a research note on Friday, February 13th. Truist Financial increased their target price on FedEx from $285.00 to $330.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Argus boosted their price target on shares of FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, Sanford C. Bernstein upgraded shares of FedEx from a “market perform” rating to an “outperform” rating and set a $427.00 price objective for the company in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $364.15.

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FedEx Profile

(Free Report)

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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