FedEx Corporation $FDX Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its position in FedEx Corporation (NYSE:FDX) by 2.8% in the 3rd quarter, Holdings Channel reports. The fund owned 319,379 shares of the shipping service provider’s stock after selling 9,307 shares during the period. HighTower Advisors LLC’s holdings in FedEx were worth $75,313,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FDX. New York State Teachers Retirement System lifted its stake in shares of FedEx by 2.3% during the third quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock valued at $48,831,000 after buying an additional 4,734 shares during the period. D.A. Davidson & CO. raised its holdings in FedEx by 10.6% in the 3rd quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock valued at $11,419,000 after acquiring an additional 4,634 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of FedEx by 11.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,958 shares of the shipping service provider’s stock worth $8,243,000 after purchasing an additional 3,514 shares during the period. Savant Capital LLC boosted its holdings in shares of FedEx by 32.5% during the third quarter. Savant Capital LLC now owns 40,019 shares of the shipping service provider’s stock worth $9,437,000 after purchasing an additional 9,806 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of FedEx by 34.9% in the third quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock valued at $5,679,000 after purchasing an additional 6,234 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

Shares of FDX opened at $374.61 on Tuesday. The firm has a market cap of $88.08 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 1.81 and a beta of 1.33. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $380.86. The stock has a 50 day moving average of $313.52 and a 200-day moving average of $267.59. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last posted 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 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 analysts’ expectations of $22.79 billion. During the same period last year, the business posted $4.05 earnings per share. The firm’s quarterly 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, analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 9th will be issued a $1.45 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $5.80 annualized dividend and a dividend yield of 1.5%. FedEx’s dividend payout ratio is currently 31.97%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Royal Bank Of Canada downgraded FedEx to a “sector perform” rating in a research report on Wednesday, December 17th. The Goldman Sachs Group set a $364.00 price objective on shares of FedEx and gave the stock a “buy” rating in a report on Thursday. BNP Paribas Exane set a $280.00 target price on shares of FedEx and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. BMO Capital Markets upped their price target on shares of FedEx from $290.00 to $400.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, Truist Financial increased their price target on shares of FedEx from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $355.50.

FedEx 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.