FSM Wealth Advisors LLC Lowers Stock Holdings in FedEx Corporation $FDX

FSM Wealth Advisors LLC lessened its stake in FedEx Corporation (NYSE:FDX) by 12.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 852 shares of the shipping service provider’s stock after selling 117 shares during the period. FSM Wealth Advisors LLC’s holdings in FedEx were worth $200,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after purchasing an additional 289,655 shares during the period. Valeo Financial Advisors LLC grew its position in FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after buying an additional 3,730,273 shares during the last quarter. Invesco Ltd. grew its position in FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock valued at $795,940,000 after buying an additional 43,989 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in FedEx by 7.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock valued at $495,041,000 after buying an additional 135,290 shares during the period. Finally, ACR Alpine Capital Research LLC raised its position in FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after buying an additional 732,266 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FDX. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $274.00 price target (down from $284.00) on shares of FedEx in a research note on Wednesday, October 8th. UBS Group lifted their price objective on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a report on Friday, September 19th. Wall Street Zen raised FedEx from a “hold” rating to a “buy” rating in a research note on Sunday, October 12th. Evercore ISI decreased their price target on FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. Finally, Stephens reiterated an “overweight” rating and issued a $260.00 price objective on shares of FedEx in a research report on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $271.83.

FedEx Stock Performance

Shares of FDX stock opened at $241.24 on Friday. The stock has a fifty day moving average price of $233.05 and a 200 day moving average price of $226.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The stock has a market cap of $56.92 billion, a PE ratio of 14.08, a P/E/G ratio of 1.33 and a beta of 1.28. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53.

FedEx (NYSE:FDX) last announced its quarterly 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. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

FedEx Company Profile

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.