FedEx Corporation $FDX Shares Sold by Assetmark Inc.

Assetmark Inc. trimmed its stake in shares of FedEx Corporation (NYSE:FDX) by 93.6% in the third quarter, Holdings Channel.com reports. The fund owned 19,234 shares of the shipping service provider’s stock after selling 279,191 shares during the period. Assetmark Inc.’s holdings in FedEx were worth $4,536,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FDX. Public Sector Pension Investment Board increased its stake in FedEx by 10.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 17,429 shares of the shipping service provider’s stock valued at $4,110,000 after purchasing an additional 1,598 shares in the last quarter. Check Capital Management Inc. CA grew its holdings in FedEx by 0.6% in the third quarter. Check Capital Management Inc. CA now owns 200,188 shares of the shipping service provider’s stock valued at $47,206,000 after purchasing an additional 1,261 shares during the last quarter. Atria Investments Inc increased its position in shares of FedEx by 3.2% in the third quarter. Atria Investments Inc now owns 49,721 shares of the shipping service provider’s stock valued at $11,725,000 after buying an additional 1,520 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of FedEx by 1.0% in the third quarter. Wedbush Securities Inc. now owns 7,050 shares of the shipping service provider’s stock valued at $1,663,000 after buying an additional 67 shares in the last quarter. Finally, Varma Mutual Pension Insurance Co raised its stake in shares of FedEx by 8.7% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 34,920 shares of the shipping service provider’s stock worth $8,234,000 after buying an additional 2,800 shares during the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on FDX. Barclays increased their price objective on shares of FedEx from $360.00 to $450.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Citigroup increased their target price on FedEx from $327.00 to $401.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Susquehanna dropped their price target on FedEx from $345.00 to $340.00 in a research report on Tuesday, December 23rd. The Goldman Sachs Group set a $364.00 price objective on FedEx and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Wells Fargo & Company increased their price objective on FedEx from $380.00 to $430.00 and gave the company an “overweight” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $358.00.

FedEx Stock Up 0.1%

FDX opened at $375.27 on Wednesday. The stock has a market capitalization of $88.23 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.81 and a beta of 1.34. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $381.99. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The business has a 50-day moving average of $315.52 and a two-hundred day moving average of $268.70.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.80. The company had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, March 9th. FedEx’s dividend payout ratio is currently 31.97%.

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.