Johnson Financial Group Inc. Sells 200 Shares of FedEx Corporation $FDX

Johnson Financial Group Inc. lessened its stake in FedEx Corporation (NYSE:FDX) by 55.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163 shares of the shipping service provider’s stock after selling 200 shares during the period. Johnson Financial Group Inc.’s holdings in FedEx were worth $37,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. NewSquare Capital LLC lifted its position in FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after buying an additional 67 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of FedEx during the first quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after acquiring an additional 71 shares during the last quarter. Rise Advisors LLC boosted its stake in shares of FedEx by 21.0% in the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after purchasing an additional 59 shares in the last quarter. Finally, AlphaCore Capital LLC purchased a new position in FedEx in the 1st quarter worth $91,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 0.0%

NYSE:FDX opened at $275.70 on Friday. The stock has a market cap of $65.05 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.43 and a beta of 1.31. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average price is $249.80 and its 200-day moving average price is $235.32. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $304.76.

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

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 15th will be given a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 2.1%. FedEx’s dividend payout ratio (DPR) is 33.86%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on FDX shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of FedEx in a research note on Thursday, November 13th. Evercore ISI dropped their target price on FedEx from $243.00 to $239.00 in a report on Friday, September 19th. Bank of America lifted their price target on FedEx from $270.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, November 13th. Citigroup increased their price objective on FedEx from $279.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Truist Financial set a $285.00 target price on shares of FedEx in a research note on Tuesday, October 14th. One investment 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 assigned a Sell rating to the company. According to MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and an average price target of $276.13.

FedEx 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.