KLP Kapitalforvaltning AS Has $18.50 Million Position in FedEx Corporation $FDX

KLP Kapitalforvaltning AS grew its stake in FedEx Corporation (NYSE:FDX) by 3.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,960 shares of the shipping service provider’s stock after purchasing an additional 2,400 shares during the period. KLP Kapitalforvaltning AS’s holdings in FedEx were worth $18,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Abound Financial LLC acquired a new stake in shares of FedEx in the 1st quarter valued at approximately $38,000. WPG Advisers LLC acquired a new stake in FedEx during the 1st quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC boosted its position 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 buying an additional 71 shares during the period. Alpine Bank Wealth Management acquired a new stake in FedEx during the 1st quarter worth approximately $65,000. Finally, Motco boosted its position in FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after buying an additional 102 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on FDX. UBS Group lifted their target price 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. BNP Paribas Exane upgraded shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 target price on the stock in a research report on Thursday, July 3rd. Bank of America lifted their target price on shares of FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. HSBC raised their price target on shares of FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Finally, Barclays restated an “overweight” rating and set a $320.00 price target (down previously from $330.00) on shares of FedEx in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $271.25.

FedEx Stock Performance

NYSE:FDX opened at $239.95 on Thursday. The company has a fifty day moving average of $230.34 and a 200-day moving average of $226.04. The firm has a market capitalization of $56.62 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.35 and a beta of 1.28. 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 twelve month low of $194.29 and a twelve month high of $308.53.

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

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were paid a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.4%. FedEx’s payout ratio 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.