Focus Partners Wealth Sells 11,703 Shares of FedEx Corporation $FDX

Focus Partners Wealth lessened its position in shares of FedEx Corporation (NYSE:FDXFree Report) by 5.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 192,715 shares of the shipping service provider’s stock after selling 11,703 shares during the quarter. Focus Partners Wealth owned about 0.08% of FedEx worth $45,416,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FDX. Brighton Jones LLC boosted its position in shares of FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the last quarter. Empowered Funds LLC increased its position in FedEx by 78.9% in the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after purchasing an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in FedEx during the second quarter valued at $586,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in FedEx by 6.7% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 54,062 shares of the shipping service provider’s stock valued at $12,289,000 after purchasing an additional 3,389 shares during the last quarter. Finally, Creative Planning lifted its position in FedEx by 6.8% during the second quarter. Creative Planning now owns 82,518 shares of the shipping service provider’s stock valued at $18,757,000 after purchasing an additional 5,278 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Stock Up 0.2%

Shares of NYSE FDX opened at $352.54 on Tuesday. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $392.86. The firm has a market capitalization of $82.89 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.67 and a beta of 1.29. The stock has a 50 day moving average price of $347.59 and a 200 day moving average price of $288.19. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27.

FedEx (NYSE:FDXGet Free Report) last released its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping 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 company had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $22.79 billion. During the same period last year, the business posted $4.05 EPS. FedEx’s quarterly revenue 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 expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th will be paid a dividend of $1.45 per share. The ex-dividend date is Monday, March 9th. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. FedEx’s dividend payout ratio (DPR) is currently 31.97%.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

Analyst Ratings Changes

FDX has been the topic of a number of research reports. 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 report on Friday, February 13th. Stephens increased their price target on shares of FedEx from $330.00 to $405.00 and gave the company an “overweight” rating in a report on Friday, February 13th. BMO Capital Markets lifted their price target on FedEx from $290.00 to $400.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th. Oppenheimer reissued a “market perform” rating on shares of FedEx in a research note on Friday, December 19th. Finally, Zacks Research upgraded FedEx from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, FedEx presently has an average rating of “Moderate Buy” and an average price target of $371.19.

Read Our Latest Analysis on FDX

FedEx Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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