Prudential PLC Raises Stake in FedEx Corporation $FDX

Prudential PLC lifted its holdings in shares of FedEx Corporation (NYSE:FDX) by 51.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,169 shares of the shipping service provider’s stock after buying an additional 1,756 shares during the period. Prudential PLC’s holdings in FedEx were worth $1,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. NewSquare Capital LLC lifted its position in FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares during the period. WPG Advisers LLC purchased a new stake in shares of FedEx during the first quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after purchasing an additional 71 shares during the period. Motco grew 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 buying an additional 102 shares during the last quarter. Finally, Rise Advisors LLC increased its stake 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 buying an additional 59 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

NYSE:FDX opened at $269.55 on Monday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a market capitalization of $63.60 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $245.20 and a two-hundred day moving average price of $233.68.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period in the prior year, the business earned $3.60 earnings per share. The company’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. As a group, research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal 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 given a dividend of $1.45 per share. The ex-dividend date is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 2.2%. FedEx’s dividend payout ratio (DPR) is 33.86%.

Analyst Ratings Changes

FDX has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of FedEx in a research note on Friday, October 31st. Truist Financial set a $285.00 price objective on FedEx in a report on Tuesday, October 14th. Vertical Research dropped their price objective on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. UBS Group raised their target price on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a report on Friday, September 19th. Finally, Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $276.13.

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.