Solidarity Wealth LLC Sells 1,604 Shares of FedEx Corporation $FDX

Solidarity Wealth LLC decreased its stake in FedEx Corporation (NYSE:FDX) by 8.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,498 shares of the shipping service provider’s stock after selling 1,604 shares during the period. FedEx accounts for about 0.9% of Solidarity Wealth LLC’s holdings, making the stock its 29th biggest position. Solidarity Wealth LLC’s holdings in FedEx were worth $4,003,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDX. Brighton Jones LLC grew its holdings in FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares during the period. Baker Avenue Asset Management LP purchased a new position in shares of FedEx during the 1st quarter valued at $219,000. IFG Advisory LLC grew its stake in shares of FedEx by 9.7% during the 1st quarter. IFG Advisory LLC now owns 2,555 shares of the shipping service provider’s stock worth $623,000 after acquiring an additional 225 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in FedEx in the 1st quarter worth about $4,235,000. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new stake in FedEx in the 1st quarter valued at about $596,000. 84.47% of the stock is owned by institutional investors.

FedEx Stock Down 0.0%

Shares of FDX opened at $275.70 on Monday. The firm has a market cap of $65.05 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.43 and a beta of 1.31. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $304.76. The stock has a 50 day simple moving average of $249.80 and a two-hundred day simple moving average of $235.35. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21.

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 analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter in the prior year, the company earned $3.60 EPS. The firm’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. On average, analysts forecast 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 will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be issued a $1.45 dividend. The ex-dividend date is Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 2.1%. FedEx’s payout ratio is currently 33.86%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of FedEx from $279.00 to $310.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Susquehanna boosted their target price on shares of FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a report on Friday, September 19th. TD Cowen raised their price target on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Stephens reiterated an “overweight” rating and set a $260.00 price objective on shares of FedEx in a research note on Tuesday, October 14th. Finally, Daiwa Capital Markets raised their target price on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $276.13.

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.