London Co. of Virginia Sells 4,122 Shares of FedEx Corporation $FDX

London Co. of Virginia decreased its position in FedEx Corporation (NYSE:FDX) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 220,001 shares of the shipping service provider’s stock after selling 4,122 shares during the period. London Co. of Virginia owned about 0.09% of FedEx worth $50,008,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FDX. Valeo Financial Advisors LLC raised its stake in shares of FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares during the last quarter. Norges Bank purchased a new position in FedEx during the 2nd quarter valued at about $605,497,000. AQR Capital Management LLC increased its holdings in FedEx by 750.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock valued at $230,862,000 after purchasing an additional 896,271 shares during the period. Dodge & Cox raised its position in FedEx by 4.7% during the 2nd quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock valued at $3,292,016,000 after purchasing an additional 649,426 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in FedEx by 228.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 795,495 shares of the shipping service provider’s stock worth $180,824,000 after buying an additional 553,628 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 0.1%

Shares of NYSE FDX opened at $284.62 on Friday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $295.24. 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 firm has a 50-day moving average of $257.72 and a 200 day moving average of $238.95. The stock has a market cap of $67.16 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share 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 business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter last year, the firm earned $3.60 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, December 15th. FedEx’s dividend payout ratio is currently 33.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on FDX shares. The Goldman Sachs Group upped their target price on FedEx from $280.00 to $301.00 and gave the company a “buy” rating in a report on Thursday. HSBC boosted their price objective on shares of FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FedEx in a research report on Monday. Daiwa Capital Markets lifted their target price on shares of FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. Finally, Jefferies Financial Group increased their price target on shares of FedEx from $280.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday. One investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $284.29.

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.