Assetmark Inc. Decreases Stake in FedEx Corporation $FDX

Assetmark Inc. cut its position in FedEx Corporation (NYSE:FDX) by 93.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,234 shares of the shipping service provider’s stock after selling 279,191 shares during the period. Assetmark Inc.’s holdings in FedEx were worth $4,536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of FDX. Grey Fox Wealth Advisors LLC purchased a new position in shares of FedEx in the 3rd quarter valued at about $27,000. NewSquare Capital LLC boosted its holdings in FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in FedEx in the second quarter valued at approximately $28,000. Physician Wealth Advisors Inc. raised its holdings in FedEx by 27.5% during the third quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider’s stock worth $51,000 after purchasing an additional 47 shares in the last quarter. Finally, City Holding Co. lifted its position in shares of FedEx by 167.0% during the 3rd quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after buying an additional 167 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Up 0.1%

Shares of FedEx stock opened at $375.27 on Wednesday. FedEx Corporation has a one year low of $194.29 and a one year high of $381.99. The company has a market cap of $88.23 billion, a P/E ratio of 20.69, a PEG ratio of 1.81 and a beta of 1.34. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. The firm has a fifty day moving average of $315.52 and a two-hundred day moving average of $268.70.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm 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 dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, March 9th. FedEx’s dividend payout ratio is currently 31.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wolfe Research lifted their price target on shares of FedEx from $355.00 to $394.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 10th. Morgan Stanley lifted their target price on FedEx from $200.00 to $210.00 and gave the stock an “underweight” rating in a research report on Friday, December 19th. Argus upped their target price on FedEx from $250.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Citigroup lifted their price target on FedEx from $327.00 to $401.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Finally, Jefferies Financial Group boosted their price objective on FedEx from $326.00 to $425.00 and gave the company a “buy” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, FedEx presently has an average rating of “Moderate Buy” and a consensus target price of $358.00.

FedEx Company Profile

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.