Lansforsakringar Fondforvaltning AB publ Raises Stock Holdings in FedEx Corporation $FDX

Lansforsakringar Fondforvaltning AB publ grew its holdings in FedEx Corporation (NYSE:FDXFree Report) by 30.6% in the third quarter, Holdings Channel reports. The institutional investor owned 181,196 shares of the shipping service provider’s stock after acquiring an additional 42,459 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in FedEx were worth $42,728,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Grey Fox Wealth Advisors LLC acquired a new stake in FedEx in the 3rd quarter valued at $27,000. NewSquare Capital LLC grew 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 valued at $28,000 after purchasing an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of FedEx during the second quarter worth about $28,000. Abich Financial Wealth Management LLC purchased a new stake in shares of FedEx during the third quarter worth about $39,000. Finally, Physician Wealth Advisors Inc. raised 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 worth $51,000 after purchasing an additional 47 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FDX has been the subject of several research reports. Royal Bank Of Canada lowered FedEx to a “sector perform” rating in a research note on Wednesday, December 17th. Morgan Stanley raised their target price on FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a research report on Friday, December 19th. Stifel Nicolaus set a $412.00 price target on FedEx in a research report on Friday, February 13th. Wolfe Research increased their price objective on FedEx from $355.00 to $394.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Finally, The Goldman Sachs Group set a $364.00 price objective on FedEx and gave the company a “buy” rating in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average target price of $358.00.

View Our Latest Stock Analysis on FDX

Key Headlines Impacting FedEx

Here are the key news stories impacting FedEx this week:

FedEx Trading Up 1.4%

Shares of FDX opened at $388.49 on Friday. 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 has a 50-day moving average price of $321.56 and a 200 day moving average price of $271.82. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $391.27. The firm has a market capitalization of $91.34 billion, a P/E ratio of 21.42, a P/E/G 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 for the quarter, beating the consensus estimate of $4.02 by $0.80. The business had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Sell-side analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be issued a dividend of $1.45 per share. The ex-dividend date 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%.

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.

Further Reading

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Corporation (NYSE:FDXFree Report).

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

Receive News & Ratings for FedEx Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FedEx and related companies with MarketBeat.com's FREE daily email newsletter.