Edmp Inc. Sells 457 Shares of FedEx Corporation $FDX

Edmp Inc. reduced its holdings in shares of FedEx Corporation (NYSE:FDX) by 8.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,754 shares of the shipping service provider’s stock after selling 457 shares during the quarter. Edmp Inc.’s holdings in FedEx were worth $1,081,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Abound Financial LLC bought a new position in shares of FedEx during the 1st quarter worth approximately $38,000. WPG Advisers LLC bought a new stake in FedEx in the 1st quarter valued at $43,000. Cary Street Partners Investment Advisory LLC boosted its stake in FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after purchasing an additional 71 shares during the period. Alpine Bank Wealth Management bought a new stake in FedEx in the 1st quarter valued at $65,000. Finally, Motco boosted its stake 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 purchasing an additional 102 shares during the period. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

Shares of FDX opened at $229.51 on Tuesday. The business has a 50-day simple moving average of $231.02 and a two-hundred day simple moving average of $225.55. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The stock has a market cap of $54.16 billion, a PE ratio of 13.40, a PEG ratio of 1.25 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 (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the company posted $3.60 EPS. The business’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. Analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were given a dividend of $1.45 per share. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. FedEx’s dividend payout ratio is presently 33.86%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wolfe Research lifted their price objective on FedEx from $254.00 to $298.00 in a report on Tuesday, October 7th. Wall Street Zen raised FedEx from a “hold” rating to a “buy” rating in a report on Sunday. Daiwa Capital Markets lifted their price objective on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. Susquehanna boosted their price target on FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a report on Friday, September 19th. Finally, BNP Paribas Exane raised FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target for the company in a report on Thursday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $273.08.

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.