FedEx Corporation $FDX Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in FedEx Corporation (NYSE:FDX) by 2.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 42,598 shares of the shipping service provider’s stock after selling 1,170 shares during the period. Amalgamated Bank’s holdings in FedEx were worth $9,683,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FDX. Atria Investments Inc grew its holdings in shares of FedEx by 14.6% during the 2nd quarter. Atria Investments Inc now owns 48,201 shares of the shipping service provider’s stock worth $10,957,000 after purchasing an additional 6,151 shares during the period. HBK Sorce Advisory LLC lifted its position in FedEx by 1.6% in the second quarter. HBK Sorce Advisory LLC now owns 3,251 shares of the shipping service provider’s stock valued at $740,000 after buying an additional 50 shares during the last quarter. Premier Path Wealth Partners LLC acquired a new position in FedEx in the second quarter valued at about $239,000. Hantz Financial Services Inc. boosted its stake in FedEx by 68.5% during the second quarter. Hantz Financial Services Inc. now owns 438 shares of the shipping service provider’s stock worth $100,000 after buying an additional 178 shares during the period. Finally, Daymark Wealth Partners LLC increased its position in shares of FedEx by 18.5% during the second quarter. Daymark Wealth Partners LLC now owns 10,983 shares of the shipping service provider’s stock valued at $2,496,000 after acquiring an additional 1,715 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. BMO Capital Markets decreased their price objective on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a report on Friday, September 19th. Truist Financial set a $285.00 target price on FedEx in a research report on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of FedEx in a research report on Wednesday, October 8th. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Finally, BNP Paribas Exane raised FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 target price on the stock in a research note on Thursday, July 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Price Performance

Shares of NYSE FDX opened at $248.98 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The company has a market cap of $58.75 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.39 and a beta of 1.28. The stock’s 50-day moving average is $234.71 and its two-hundred day moving average is $227.71. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53.

FedEx (NYSE:FDX) last announced its quarterly earnings data 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 return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter last year, the business posted $3.60 EPS. The business’s quarterly 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. Analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were given 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 dividend yield of 2.3%. FedEx’s dividend 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.