FedEx Corporation $FDX Shares Sold by Sentry LLC

Sentry LLC reduced its position in FedEx Corporation (NYSE:FDX) by 36.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 871,161 shares of the shipping service provider’s stock after selling 491,224 shares during the period. FedEx comprises approximately 51.1% of Sentry LLC’s holdings, making the stock its largest position. Sentry LLC owned approximately 0.37% of FedEx worth $205,428,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in FDX. Pacer Advisors Inc. lifted its holdings in shares of FedEx by 34.9% during the third quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock worth $5,679,000 after buying an additional 6,234 shares during the last quarter. CWM LLC raised its stake in FedEx by 244.4% during the 3rd quarter. CWM LLC now owns 81,709 shares of the shipping service provider’s stock valued at $19,268,000 after purchasing an additional 57,983 shares during the last quarter. Czech National Bank boosted its holdings in FedEx by 5.9% in the 2nd quarter. Czech National Bank now owns 53,881 shares of the shipping service provider’s stock valued at $12,248,000 after purchasing an additional 2,987 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of FedEx by 24.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after buying an additional 51,294 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of FedEx by 10.6% in the third quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock valued at $11,419,000 after buying an additional 4,634 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 3.4%

Shares of NYSE FDX opened at $307.45 on Wednesday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.10. The firm’s 50-day moving average is $275.56 and its 200-day moving average is $247.57. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $72.29 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 1.48 and a beta of 1.35.

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

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, December 15th. FedEx’s payout ratio is presently 31.97%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FDX. Daiwa Capital Markets boosted their price objective on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Royal Bank Of Canada downgraded FedEx to a “sector perform” rating in a report on Wednesday, December 17th. UBS Group increased their target price on FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Morgan Stanley upped their price objective on shares of FedEx from $200.00 to $210.00 and gave the stock an “underweight” rating in a research note on Friday, December 19th. Finally, HSBC raised their price target on FedEx from $235.00 to $285.00 and gave the company a “hold” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $298.92.

About FedEx

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.