FedEx Corporation $FDX Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its stake in FedEx Corporation (NYSE:FDX) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,097 shares of the shipping service provider’s stock after selling 693 shares during the quarter. Stephens Inc. AR’s holdings in FedEx were worth $11,842,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of FDX. Brighton Jones LLC lifted its position in FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after buying an additional 207 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in FedEx by 60.0% in the first quarter. Exchange Traded Concepts LLC now owns 576 shares of the shipping service provider’s stock valued at $140,000 after buying an additional 216 shares during the last quarter. PFG Investments LLC lifted its position in FedEx by 11.8% in the first quarter. PFG Investments LLC now owns 4,413 shares of the shipping service provider’s stock valued at $1,076,000 after buying an additional 465 shares during the last quarter. Intact Investment Management Inc. lifted its position in FedEx by 350.0% in the first quarter. Intact Investment Management Inc. now owns 900 shares of the shipping service provider’s stock valued at $219,000 after buying an additional 700 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its position in shares of FedEx by 42.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 210,827 shares of the shipping service provider’s stock worth $51,395,000 after purchasing an additional 63,093 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Up 0.9%

Shares of NYSE:FDX opened at $239.97 on Tuesday. The firm’s 50 day moving average price is $232.20 and its 200 day moving average price is $225.75. The stock has a market cap of $56.62 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. 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 issued its earnings results 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 firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders 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 yield of 2.4%. FedEx’s dividend payout ratio (DPR) is presently 33.86%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Bank of America increased their price target 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. Barclays reissued an “overweight” rating and set a $320.00 price target (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Vertical Research decreased their target price on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Truist Financial set a $285.00 target price on FedEx in a research note on Tuesday, October 14th. Finally, Susquehanna boosted their target price on FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research note on Friday, September 19th. One equities research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.