Focus Partners Wealth Sells 11,703 Shares of FedEx Corporation $FDX

Focus Partners Wealth lessened its holdings in FedEx Corporation (NYSE:FDXFree Report) by 5.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 192,715 shares of the shipping service provider’s stock after selling 11,703 shares during the quarter. Focus Partners Wealth’s holdings in FedEx were worth $45,416,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Grey Fox Wealth Advisors LLC bought a new position in FedEx in the third quarter worth approximately $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in FedEx during the second quarter worth $28,000. Wealth Watch Advisors INC bought a new stake in FedEx during the 3rd quarter valued at $28,000. Ameriflex Group Inc. increased its holdings in shares of FedEx by 103.3% in the 3rd quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock valued at $29,000 after acquiring an additional 63 shares during the period. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of FedEx in the 3rd quarter valued at $39,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on FDX shares. Citigroup upped their price objective on FedEx from $327.00 to $401.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Morgan Stanley lifted their target price on FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a research note on Friday, December 19th. Barclays boosted their target price on shares of FedEx from $360.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. The Goldman Sachs Group increased their price target on shares of FedEx from $364.00 to $369.00 and gave the company a “buy” rating in a research report on Friday. Finally, Bank of America raised their price target on shares of FedEx from $408.00 to $414.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average target price of $371.19.

Read Our Latest Analysis on FedEx

Trending Headlines about FedEx

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FedEx Stock Up 0.2%

FedEx stock opened at $352.54 on Tuesday. The business’s 50-day simple moving average is $347.59 and its two-hundred day simple moving average is $288.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. The company has a market cap of $82.89 billion, a PE ratio of 19.43, a PEG ratio of 1.67 and a beta of 1.29. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $392.86.

FedEx (NYSE:FDXGet Free Report) last released its earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. The firm had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, March 9th. FedEx’s payout ratio is presently 31.97%.

About FedEx

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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