Schulhoff & Co. Inc. Purchases 235 Shares of FedEx Corporation $FDX

Schulhoff & Co. Inc. grew its stake in FedEx Corporation (NYSE:FDX) by 14.0% in the second quarter, HoldingsChannel reports. The fund owned 1,910 shares of the shipping service provider’s stock after acquiring an additional 235 shares during the period. Schulhoff & Co. Inc.’s holdings in FedEx were worth $434,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC raised its stake in shares of FedEx by 21.1% in the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock worth $88,000 after acquiring an additional 63 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of FedEx in the second quarter worth about $586,000. Sage Capital Advisors llc raised its stake 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 worth $7,887,000 after acquiring an additional 20,024 shares during the last quarter. Value Partners Investments Inc. grew its position in shares of FedEx by 26.4% during the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock worth $41,247,000 after buying an additional 37,950 shares during the period. Finally, Xcel Wealth Management LLC acquired a new stake in shares of FedEx during the 2nd quarter worth approximately $1,200,000. 84.47% of the stock is owned by institutional investors.

FedEx Stock Up 1.2%

FedEx stock opened at $242.80 on Wednesday. The stock has a market capitalization of $57.29 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. FedEx Corporation has a twelve month low of $194.29 and a twelve month 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. The company has a 50 day moving average of $232.46 and a 200-day moving average of $225.87.

FedEx (NYSE:FDX) last released its quarterly 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 company had revenue of $22.20 billion during 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 business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s payout ratio is currently 33.86%.

Analysts Set New Price Targets

FDX has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of FedEx from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Friday, September 19th. JPMorgan Chase & Co. restated a “neutral” rating and set a $274.00 price objective (down previously from $284.00) on shares of FedEx in a report on Wednesday, October 8th. Jefferies Financial Group boosted their price objective on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a report on Friday, September 19th. Cowen restated a “buy” rating on shares of FedEx in a report on Wednesday, June 25th. Finally, UBS Group boosted their price objective on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

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.