Staley Capital Advisers Inc. Sells 2,900 Shares of FedEx Corporation $FDX

Staley Capital Advisers Inc. cut its holdings in FedEx Corporation (NYSE:FDX) by 1.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 230,676 shares of the shipping service provider’s stock after selling 2,900 shares during the period. FedEx accounts for 2.2% of Staley Capital Advisers Inc.’s investment portfolio, making the stock its 13th largest holding. Staley Capital Advisers Inc.’s holdings in FedEx were worth $54,396,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BHK Investment Advisors LLC boosted its holdings in shares of FedEx by 1.4% in the third quarter. BHK Investment Advisors LLC now owns 3,074 shares of the shipping service provider’s stock worth $725,000 after acquiring an additional 41 shares during the period. Probity Advisors Inc. lifted its holdings in FedEx by 2.2% during the 3rd quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock worth $467,000 after purchasing an additional 43 shares in the last quarter. Joel Isaacson & Co. LLC boosted its stake in FedEx by 1.7% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,617 shares of the shipping service provider’s stock worth $617,000 after purchasing an additional 44 shares during the period. Triglav Investments D.O.O. grew its holdings in FedEx by 0.8% during the 3rd quarter. Triglav Investments D.O.O. now owns 5,704 shares of the shipping service provider’s stock valued at $1,344,000 after buying an additional 44 shares in the last quarter. Finally, NORTHSTAR ASSET MANAGEMENT Co increased its position in shares of FedEx by 1.2% during the third quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 3,890 shares of the shipping service provider’s stock valued at $917,000 after buying an additional 45 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FDX has been the subject of a number of analyst reports. Zacks Research upgraded shares of FedEx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Jefferies Financial Group raised their price target on shares of FedEx from $326.00 to $425.00 and gave the company a “buy” rating in a report on Friday, February 13th. JPMorgan Chase & Co. restated a “neutral” rating on shares of FedEx in a research report on Tuesday, January 20th. Evercore increased their price objective on FedEx from $364.00 to $380.00 in a research report on Tuesday, February 24th. Finally, Sanford C. Bernstein raised FedEx from a “market perform” rating to an “outperform” rating and set a $427.00 price objective for the company in a research note on Tuesday, February 3rd. Two research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and a consensus price target of $364.15.

FedEx Stock Performance

FedEx stock opened at $387.07 on Monday. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $392.86. 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 stock has a market cap of $91.01 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. The firm’s fifty day moving average price is $331.65 and its 200-day moving average price is $277.70.

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

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be paid a $1.45 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 annualized dividend and a yield of 1.5%. 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.