PNC Financial Services Group Inc. Has $17.54 Million Stake in FedEx Corporation $FDX

PNC Financial Services Group Inc. grew its position in FedEx Corporation (NYSE:FDX) by 2.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,378 shares of the shipping service provider’s stock after buying an additional 2,086 shares during the quarter. PNC Financial Services Group Inc.’s holdings in FedEx were worth $17,539,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FDX. Vanguard Group Inc. boosted its holdings in shares of FedEx by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider’s stock valued at $4,705,391,000 after purchasing an additional 211,165 shares in the last quarter. Dodge & Cox lifted its position in shares of FedEx by 4.7% during the 2nd quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after buying an additional 649,426 shares during the last quarter. Geode Capital Management LLC boosted its stake in FedEx by 0.6% in the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock valued at $1,124,524,000 after buying an additional 28,450 shares in the last quarter. Franklin Resources Inc. grew its position in FedEx by 2.1% in the second quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider’s stock valued at $1,033,208,000 after acquiring an additional 94,136 shares during the last quarter. Finally, Invesco Ltd. raised its stake in FedEx by 7.5% during the second quarter. Invesco Ltd. now owns 3,510,472 shares of the shipping service provider’s stock worth $797,965,000 after acquiring an additional 245,479 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FDX shares. Wolfe Research lifted their price target on shares of FedEx from $355.00 to $394.00 and gave the company an “outperform” rating in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of FedEx in a research note on Monday, December 29th. Jefferies Financial Group increased their price target on FedEx from $326.00 to $425.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Citigroup raised their price objective on FedEx from $327.00 to $401.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, The Goldman Sachs Group set a $364.00 target price on FedEx and gave the company a “buy” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $358.00.

FedEx Stock Performance

Shares of FDX opened at $375.27 on Wednesday. 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 firm’s fifty day simple moving average is $315.52 and its two-hundred day simple moving average is $268.70. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $381.99. The stock has a market capitalization of $88.23 billion, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 1.81 and a beta of 1.34.

FedEx (NYSE:FDX) last announced its quarterly earnings data 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 company had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. During the same period in the previous year, the business earned $4.05 EPS. The firm’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. As a group, analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 annualized dividend and a dividend yield of 1.5%. FedEx’s dividend payout ratio (DPR) is 31.97%.

FedEx Company 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.