V. M. Manning & CO. Inc. Invests $2.09 Million in FedEx Corporation $FDX

V. M. Manning & CO. Inc. bought a new stake in FedEx Corporation (NYSE:FDX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,043 shares of the shipping service provider’s stock, valued at approximately $2,093,000. FedEx accounts for about 2.4% of V. M. Manning & CO. Inc.’s portfolio, making the stock its 7th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of FDX. Brighton Jones LLC lifted its holdings in FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the period. Horizon Investments LLC increased its holdings in shares of FedEx by 1.4% during the 1st quarter. Horizon Investments LLC now owns 6,190 shares of the shipping service provider’s stock valued at $1,509,000 after purchasing an additional 84 shares in the last quarter. Ethic Inc. lifted its stake in shares of FedEx by 7.9% in the 1st quarter. Ethic Inc. now owns 15,384 shares of the shipping service provider’s stock valued at $3,723,000 after purchasing an additional 1,130 shares during the period. American Century Companies Inc. boosted its holdings in FedEx by 3.4% during the first quarter. American Century Companies Inc. now owns 453,965 shares of the shipping service provider’s stock worth $110,668,000 after buying an additional 14,918 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC grew its position in FedEx by 6.7% during the first quarter. Mill Creek Capital Advisors LLC now owns 3,121 shares of the shipping service provider’s stock valued at $761,000 after buying an additional 195 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Price Performance

NYSE:FDX opened at $284.62 on Monday. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $295.24. The stock’s fifty day moving average is $257.72 and its two-hundred day moving average is $239.24. The company has a market capitalization of $67.16 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.47 and a beta of 1.32. 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 (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter last year, the company posted $3.60 EPS. The firm’s quarterly 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 analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, December 15th. FedEx’s dividend payout ratio is presently 33.86%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of FedEx in a report on Monday, December 8th. Daiwa Capital Markets increased their target price on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Vertical Research dropped their price target on shares of FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. UBS Group upped their price objective on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Finally, HSBC increased their price objective on shares of FedEx from $230.00 to $235.00 in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $284.29.

FedEx Company 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.