MB Levis & Associates LLC Sells 108 Shares of FedEx Corporation $FDX

MB Levis & Associates LLC lowered its stake in shares of FedEx Corporation (NYSE:FDX) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,698 shares of the shipping service provider’s stock after selling 108 shares during the quarter. MB Levis & Associates LLC’s holdings in FedEx were worth $841,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. WealthPlan Investment Management LLC grew its holdings in FedEx by 3.2% during the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after buying an additional 44 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in FedEx by 2.6% during the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock worth $457,000 after buying an additional 48 shares in the last quarter. SouthState Corp grew its holdings in FedEx by 3.5% during the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock worth $349,000 after buying an additional 48 shares in the last quarter. Evanson Asset Management LLC boosted its position in FedEx by 6.0% in the first quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider’s stock worth $214,000 after purchasing an additional 50 shares during the last quarter. Finally, Hendershot Investments Inc. boosted its position in FedEx by 4.3% in the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock worth $294,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 0.7%

Shares of NYSE FDX opened at $238.55 on Friday. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. 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 business’s fifty day moving average price is $231.90 and its 200-day moving average price is $225.47. The stock has a market capitalization of $56.29 billion, a PE ratio of 13.93, a P/E/G ratio of 1.33 and a beta of 1.28.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter in the prior year, the firm earned $3.60 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s payout ratio is presently 33.86%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FDX shares. Wall Street Zen raised FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. BMO Capital Markets cut their price objective on FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research report on Friday, September 19th. Bank of America boosted their price objective on FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. Cowen reissued a “buy” rating on shares of FedEx in a research report on Wednesday, June 25th. Finally, Susquehanna boosted their price objective on FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, FedEx has an average rating of “Moderate Buy” and an average price target of $271.83.

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.