Tocqueville Asset Management L.P. Sells 16,985 Shares of FedEx Corporation $FDX

Tocqueville Asset Management L.P. decreased its position in shares of FedEx Corporation (NYSE:FDXFree Report) by 6.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 255,254 shares of the shipping service provider’s stock after selling 16,985 shares during the period. FedEx comprises 0.9% of Tocqueville Asset Management L.P.’s portfolio, making the stock its 19th biggest position. Tocqueville Asset Management L.P. owned about 0.11% of FedEx worth $60,191,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Grey Fox Wealth Advisors LLC bought a new position in FedEx in the 3rd quarter valued at $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of FedEx during the second quarter worth $28,000. Ameriflex Group Inc. grew its holdings in shares of FedEx by 103.3% during the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after purchasing an additional 63 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of FedEx in the third quarter valued at $39,000. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of FedEx by 27.5% in the third quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider’s stock valued at $51,000 after buying an additional 47 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

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FedEx Trading Down 0.4%

FDX stock traded down $1.55 during midday trading on Friday, reaching $351.58. The stock had a trading volume of 311,555 shares, compared to its average volume of 1,880,094. The firm has a market cap of $82.66 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.71 and a beta of 1.29. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $392.86. 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 business has a fifty day simple moving average of $345.31 and a two-hundred day simple moving average of $285.74.

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

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be paid a $1.45 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 dividend on an annualized basis and a yield of 1.6%. FedEx’s dividend payout ratio (DPR) is presently 31.97%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Argus upped their price target on shares of FedEx from $250.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Evercore boosted their target price on shares of FedEx from $364.00 to $380.00 in a research note on Tuesday, February 24th. Wolfe Research upped their target price on shares of FedEx from $355.00 to $394.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. JPMorgan Chase & Co. increased their price target on shares of FedEx from $294.00 to $424.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Raymond James Financial raised their price target on shares of FedEx from $305.00 to $410.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $371.00.

Read Our Latest Research Report on FedEx

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.

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Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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