World Investment Advisors Sells 206 Shares of FedEx Corporation $FDX

World Investment Advisors lessened its position in shares of FedEx Corporation (NYSE:FDX) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,045 shares of the shipping service provider’s stock after selling 206 shares during the quarter. World Investment Advisors’ holdings in FedEx were worth $2,738,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. grew its position in FedEx by 24.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock worth $59,583,000 after purchasing an additional 51,294 shares during the last quarter. Golden State Wealth Management LLC grew its position in FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock worth $88,000 after purchasing an additional 63 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in FedEx during the 2nd quarter worth approximately $586,000. Sage Capital Advisors llc grew its position in FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after purchasing an additional 20,024 shares during the last quarter. Finally, Jackson Thornton Wealth Management LLC purchased a new stake in shares of FedEx in the 2nd quarter valued at $298,000. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of NYSE FDX opened at $248.98 on Friday. The company’s fifty day moving average price is $234.71 and its 200 day moving average price is $227.71. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The company has a market capitalization of $58.75 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.39 and a beta of 1.28. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25.

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

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is presently 33.86%.

Analyst Ratings Changes

FDX has been the topic of a number of research reports. HSBC increased their price objective on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. TD Cowen increased their price objective on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. BMO Capital Markets cut their price objective on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. Truist Financial set a $285.00 price objective on shares of FedEx in a research note on Tuesday, October 14th. Finally, Daiwa Capital Markets increased their price objective on shares of FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, FedEx currently has a consensus 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.