Magnetar Financial LLC Invests $2.49 Million in FedEx Corporation $FDX

Magnetar Financial LLC purchased a new stake in shares of FedEx Corporation (NYSE:FDX) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,957 shares of the shipping service provider’s stock, valued at approximately $2,491,000.

Several other institutional investors have also recently bought and sold shares of FDX. NewSquare Capital LLC increased its stake 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 buying an additional 67 shares in the last quarter. WPG Advisers LLC acquired a new position in FedEx during the 1st quarter worth about $43,000. Cary Street Partners Investment Advisory LLC grew its holdings in FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after acquiring an additional 71 shares during the last quarter. Motco increased its position in FedEx by 61.8% in the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after acquiring an additional 102 shares in the last quarter. Finally, Rise Advisors LLC increased its position in FedEx by 21.0% in the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after acquiring an additional 59 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FDX. HSBC upped their target price on shares of FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Raymond James Financial reaffirmed an “outperform” rating and set a $255.00 price objective on shares of FedEx in a report on Thursday, September 18th. Sanford C. Bernstein increased their price objective on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research report on Monday, September 22nd. Jefferies Financial Group boosted their target price on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, Truist Financial set a $285.00 price target on FedEx in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $276.13.

FedEx Stock Up 2.5%

NYSE:FDX opened at $269.55 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The stock’s fifty day simple moving average is $245.20 and its 200-day simple moving average is $233.55. The firm has a market capitalization of $63.60 billion, a P/E ratio of 15.74, a P/E/G ratio of 1.40 and a beta of 1.31.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter in the prior year, the company posted $3.60 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, December 15th. FedEx’s dividend payout ratio (DPR) is currently 33.86%.

FedEx 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.