FedEx Corporation $FDX Stock Holdings Lessened by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in shares of FedEx Corporation (NYSE:FDX) by 2.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 30,600 shares of the shipping service provider’s stock after selling 681 shares during the period. Mutual of America Capital Management LLC’s holdings in FedEx were worth $6,956,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Abound Financial LLC acquired a new position in FedEx during the 1st quarter worth $38,000. WPG Advisers LLC acquired a new position in shares of FedEx during the first quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC raised its position in FedEx by 60.7% in 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 in the last quarter. Alpine Bank Wealth Management acquired a new position in FedEx in the first quarter worth about $65,000. Finally, Motco increased its holdings in shares of FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after buying an additional 102 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wolfe Research raised their price objective on shares of FedEx from $254.00 to $298.00 in a report on Tuesday, October 7th. TD Cowen increased their price target on shares of FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Susquehanna increased their price target on shares of FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research note on Friday, September 19th. Sanford C. Bernstein increased their price target on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research note on Monday, September 22nd. Finally, UBS Group increased their price target on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.83.

FedEx Trading Up 0.9%

FDX opened at $239.97 on Tuesday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The firm’s fifty day moving average is $232.20 and its two-hundred day moving average is $225.75. The firm has a market cap of $56.62 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28.

FedEx (NYSE:FDX) last issued 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 net margin of 4.65% and a return on equity of 16.33%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period in the previous year, the business earned $3.60 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were issued a $1.45 dividend. 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 payout ratio is currently 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.