453 Shares in FedEx Corporation $FDX Bought by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC acquired a new position in shares of FedEx Corporation (NYSE:FDX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 453 shares of the shipping service provider’s stock, valued at approximately $103,000.

Several other hedge funds have also added to or reduced their stakes in the business. WealthPlan Investment Management LLC raised its stake in FedEx by 3.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after buying an additional 44 shares during the period. Aaron Wealth Advisors LLC raised its stake in shares of FedEx by 2.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock valued at $457,000 after purchasing an additional 48 shares during the period. SouthState Corp raised its stake in shares of FedEx by 3.5% in the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock valued at $349,000 after purchasing an additional 48 shares during the period. Hendershot Investments Inc. raised its stake in shares of FedEx by 4.3% in the 1st quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock valued at $294,000 after purchasing an additional 50 shares during the period. Finally, Loudon Investment Management LLC raised its stake in shares of FedEx by 5.0% in the 2nd quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock valued at $239,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analysts Set New Price Targets

FDX has been the topic of several recent research reports. Jefferies Financial Group lifted their price target on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Wolfe Research lifted their price target on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. BMO Capital Markets dropped their price target on FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. Daiwa Capital Markets lifted their price target on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. Finally, Wells Fargo & Company increased their price objective on shares of FedEx from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Friday, September 19th. One 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 stock. Based on data from MarketBeat, FedEx has a consensus rating of “Moderate Buy” and an average price target of $271.83.

FedEx Trading Up 1.3%

FedEx stock opened at $241.24 on Friday. The firm has a 50-day moving average of $233.05 and a 200-day moving average of $226.69. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The company has a market cap of $56.92 billion, a price-to-earnings ratio of 14.08, a P/E/G ratio of 1.34 and a beta of 1.28.

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

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.4%. FedEx’s dividend payout ratio (DPR) is currently 33.86%.

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.