FedEx Corporation $FDX Shares Sold by TFB Advisors LLC

TFB Advisors LLC trimmed its holdings in shares of FedEx Corporation (NYSE:FDX) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 913 shares of the shipping service provider’s stock after selling 48 shares during the period. TFB Advisors LLC’s holdings in FedEx were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in FDX. Abound Financial LLC purchased a new stake in shares of FedEx in the first quarter worth about $38,000. WPG Advisers LLC acquired a new position in FedEx during the 1st quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC grew its position in FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after acquiring an additional 71 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of FedEx during the first quarter valued at approximately $65,000. Finally, Motco lifted its position in shares of FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after purchasing an additional 102 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Trading Down 0.5%

NYSE:FDX opened at $238.26 on Friday. The company has a market cap of $56.22 billion, a PE ratio of 13.91, a P/E/G ratio of 1.34 and a beta of 1.28. The business’s 50 day moving average is $232.77 and its two-hundred day moving average is $226.19. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53.

FedEx (NYSE:FDX) last posted 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 return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period in the prior year, the company posted $3.60 EPS. The business’s revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is presently 33.86%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lowered their price target on shares of FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. Stephens reaffirmed an “overweight” rating and set a $260.00 target price on shares of FedEx in a research report on Tuesday, October 14th. Jefferies Financial Group increased their price target on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a report on Friday, September 19th. UBS Group raised their price objective on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, Susquehanna upped their target price on FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $271.83.

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.