Sanders Morris Harris LLC Takes Position in FedEx Corporation $FDX

Sanders Morris Harris LLC purchased a new position in FedEx Corporation (NYSE:FDX) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,760 shares of the shipping service provider’s stock, valued at approximately $887,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Czech National Bank increased its position in FedEx by 5.9% during the second quarter. Czech National Bank now owns 53,881 shares of the shipping service provider’s stock worth $12,248,000 after buying an additional 2,987 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in FedEx by 24.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after purchasing an additional 51,294 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of FedEx during the 2nd quarter worth about $586,000. Sage Capital Advisors llc raised its position in shares of FedEx by 136.5% in the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after buying an additional 20,024 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC acquired a new stake in FedEx during the second quarter worth approximately $298,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

FDX has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their price target on FedEx from $280.00 to $301.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of FedEx in a research report on Monday. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. HSBC boosted their price objective on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Finally, JPMorgan Chase & Co. lifted their target price on FedEx from $274.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, December 4th. One 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 given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $286.29.

FedEx Price Performance

NYSE FDX opened at $282.62 on Wednesday. The firm has a market capitalization of $66.69 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 1.45 and a beta of 1.32. 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 50 day simple moving average of $259.20 and a 200-day simple moving average of $240.12. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $295.24.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $21.74 billion. During the same period in the previous year, the company earned $3.60 EPS. 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 predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 2.1%. FedEx’s dividend payout ratio is presently 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.