Y Intercept Hong Kong Ltd Acquires 5,494 Shares of FedEx Corporation $FDX

Y Intercept Hong Kong Ltd grew its position in shares of FedEx Corporation (NYSE:FDX) by 40.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,944 shares of the shipping service provider’s stock after acquiring an additional 5,494 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in FedEx were worth $4,306,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Transcend Capital Advisors LLC boosted its position in FedEx by 16.4% in the second quarter. Transcend Capital Advisors LLC now owns 6,523 shares of the shipping service provider’s stock worth $1,483,000 after purchasing an additional 918 shares during the last quarter. Bessemer Group Inc. increased its position in shares of FedEx by 1.7% during the 2nd quarter. Bessemer Group Inc. now owns 8,073 shares of the shipping service provider’s stock valued at $1,834,000 after purchasing an additional 135 shares during the last quarter. Brookwood Investment Group LLC bought a new position in FedEx during the 2nd quarter worth approximately $256,000. Banco Santander S.A. lifted its holdings in FedEx by 1,482.4% in the 2nd quarter. Banco Santander S.A. now owns 54,560 shares of the shipping service provider’s stock worth $12,402,000 after buying an additional 51,112 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in FedEx by 9.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 381,298 shares of the shipping service provider’s stock worth $86,672,000 after buying an additional 32,292 shares during the period. Institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

NYSE:FDX opened at $249.77 on Wednesday. The firm has a market cap of $58.94 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. 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 stock has a 50 day moving average of $233.78 and a two-hundred day moving average of $227.26.

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

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors 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 dividend on an annualized basis and a dividend yield of 2.3%. FedEx’s dividend payout ratio (DPR) is currently 33.86%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FDX. Citigroup raised their price objective on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, September 19th. UBS Group boosted their price objective on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Raymond James Financial restated an “outperform” rating and set a $255.00 price objective on shares of FedEx in a research report on Thursday, September 18th. Finally, The Goldman Sachs Group dropped their price objective on FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $271.83.

About FedEx

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.