Burney Co. Lowers Holdings in FedEx Corporation $FDX

Burney Co. lessened its stake in FedEx Corporation (NYSE:FDX) by 9.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,907 shares of the shipping service provider’s stock after selling 592 shares during the quarter. Burney Co.’s holdings in FedEx were worth $1,343,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. WPG Advisers LLC purchased a new position in shares of FedEx in the 1st quarter worth about $43,000. Cary Street Partners Investment Advisory LLC raised its position in shares of FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after purchasing an additional 71 shares during the last quarter. Motco raised its position in shares of FedEx by 61.8% in the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after purchasing an additional 102 shares during the last quarter. Rise Advisors LLC raised its position in shares of FedEx by 21.0% in the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after purchasing an additional 59 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new position in shares of FedEx in the 1st quarter worth about $91,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Down 0.3%

NYSE FDX opened at $252.24 on Wednesday. The stock has a market cap of $59.52 billion, a PE ratio of 14.72, a P/E/G ratio of 1.41 and a beta of 1.31. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The stock’s 50 day moving average is $235.89 and its 200 day moving average is $228.97. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio is currently 33.86%.

Analyst Ratings Changes

Several research firms have recently issued reports on FDX. Wolfe Research lifted their price target on FedEx from $254.00 to $298.00 in a research report on Tuesday, October 7th. Stephens reiterated an “overweight” rating and issued a $260.00 price objective on shares of FedEx in a report on Tuesday, October 14th. Raymond James Financial reiterated an “outperform” rating and issued a $255.00 price objective on shares of FedEx in a report on Thursday, September 18th. Wells Fargo & Company lifted their price objective on FedEx from $235.00 to $250.00 and gave the stock an “equal weight” rating in a report on Friday, September 19th. Finally, Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $271.83.

FedEx Company 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.