Diamond Hill Capital Management Inc. Makes New Investment in FedEx Corporation $FDX

Diamond Hill Capital Management Inc. bought a new position in FedEx Corporation (NYSE:FDX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 729,231 shares of the shipping service provider’s stock, valued at approximately $171,960,000. Diamond Hill Capital Management Inc. owned about 0.31% of FedEx at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Grey Fox Wealth Advisors LLC purchased a new stake in shares of FedEx in the 3rd quarter worth $27,000. NewSquare Capital LLC raised its stake in FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after buying an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in shares of FedEx in the 2nd quarter valued at approximately $28,000. Physician Wealth Advisors Inc. grew its holdings in shares of FedEx by 27.5% during the third quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider’s stock valued at $51,000 after buying an additional 47 shares during the last quarter. Finally, City Holding Co. increased its holdings in shares of FedEx by 167.0% in the third quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock valued at $63,000 after purchasing an additional 167 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Price Performance

Shares of FDX opened at $369.20 on Friday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $370.86. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average is $301.92 and its two-hundred day moving average is $261.69. The firm has a market capitalization of $86.81 billion, a PE ratio of 20.35, a P/E/G ratio of 1.85 and a beta of 1.34.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $22.79 billion. During the same quarter in the previous year, the company posted $4.05 EPS. The business’s revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, December 15th. FedEx’s dividend payout ratio (DPR) is 31.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Bank of America raised shares of FedEx from a “neutral” rating to a “buy” rating and set a $365.00 price objective on the stock in a research note on Friday, January 9th. Jefferies Financial Group upped their price objective on shares of FedEx from $315.00 to $326.00 and gave the company a “buy” rating in a research note on Friday, December 19th. JPMorgan Chase & Co. restated a “neutral” rating on shares of FedEx in a research report on Tuesday, January 20th. Raymond James Financial boosted their price objective on shares of FedEx from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. Finally, Royal Bank Of Canada downgraded FedEx to a “sector perform” rating in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $315.93.

FedEx Profile

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.