Staley Capital Advisers Inc. Sells 2,900 Shares of FedEx Corporation $FDX

Staley Capital Advisers Inc. reduced its stake in FedEx Corporation (NYSE:FDX) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 230,676 shares of the shipping service provider’s stock after selling 2,900 shares during the period. FedEx accounts for 2.2% of Staley Capital Advisers Inc.’s holdings, making the stock its 13th biggest holding. Staley Capital Advisers Inc. owned 0.10% of FedEx worth $54,396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Journey Strategic Wealth LLC increased its position in FedEx by 44.0% in the 3rd quarter. Journey Strategic Wealth LLC now owns 3,526 shares of the shipping service provider’s stock valued at $832,000 after buying an additional 1,077 shares in the last quarter. Bahl & Gaynor Inc. bought a new position in FedEx in the third quarter worth approximately $248,000. Finemark National Bank & Trust grew its stake in FedEx by 16.5% in the third quarter. Finemark National Bank & Trust now owns 3,558 shares of the shipping service provider’s stock valued at $839,000 after acquiring an additional 504 shares during the period. Aprio Wealth Management LLC increased its holdings in shares of FedEx by 7.0% during the third quarter. Aprio Wealth Management LLC now owns 1,309 shares of the shipping service provider’s stock valued at $309,000 after acquiring an additional 86 shares in the last quarter. Finally, Aviso Financial Inc. raised its position in shares of FedEx by 1.8% during the third quarter. Aviso Financial Inc. now owns 3,360 shares of the shipping service provider’s stock worth $792,000 after purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Down 0.2%

Shares of FDX stock opened at $387.07 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72. The firm has a market cap of $91.01 billion, a P/E ratio of 21.34, a PEG ratio of 1.85 and a beta of 1.29. The company has a 50 day moving average of $331.65 and a 200-day moving average of $277.70. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $392.86.

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

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be issued a $1.45 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 annualized dividend and a yield of 1.5%. FedEx’s dividend payout ratio (DPR) is 31.97%.

Analysts Set New Price Targets

FDX has been the subject of several research reports. UBS Group lifted their price target on shares of FedEx from $314.00 to $412.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Evercore raised their price objective on shares of FedEx from $364.00 to $380.00 in a research note on Tuesday, February 24th. Raymond James Financial boosted their target price on shares of FedEx from $305.00 to $410.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. The Goldman Sachs Group set a $364.00 price target on shares of FedEx and gave the company a “buy” rating in a research report on Thursday, February 12th. Finally, Morgan Stanley lifted their price target on FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a research note on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $364.15.

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.