Bank of New York Mellon Corp Has $470.60 Million Stock Holdings in FedEx Corporation $FDX

Bank of New York Mellon Corp decreased its position in shares of FedEx Corporation (NYSE:FDX) by 0.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 2,070,320 shares of the shipping service provider’s stock after selling 6,635 shares during the quarter. Bank of New York Mellon Corp’s holdings in FedEx were worth $470,604,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Abound Financial LLC acquired a new position in FedEx during the 1st quarter worth $38,000. WPG Advisers LLC acquired a new position in FedEx during the 1st quarter worth $43,000. Cary Street Partners Investment Advisory LLC lifted its holdings in FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after buying an additional 71 shares in the last quarter. Motco lifted its holdings in FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after buying an additional 102 shares in the last quarter. Finally, Rise Advisors LLC lifted its holdings in FedEx by 21.0% during the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

FDX has been the topic of several research reports. Wall Street Zen raised FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Wells Fargo & Company upped their target price on shares of FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Friday, September 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FedEx in a research report on Friday. Truist Financial set a $285.00 target price on shares of FedEx in a research report on Tuesday, October 14th. Finally, Daiwa Capital Markets upped their target price on shares of FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and a consensus target price of $271.83.

FedEx Price Performance

Shares of FDX stock opened at $253.05 on Tuesday. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The firm has a market capitalization of $59.71 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 1.42 and a beta of 1.31. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The firm has a fifty day moving average of $235.47 and a 200-day moving average of $228.65.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the business earned $3.60 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts forecast 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 was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a $1.45 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.3%. FedEx’s payout ratio is 33.86%.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.