FedEx Corporation $FDX Shares Sold by Wells Trecaso Financial Group LLC

Wells Trecaso Financial Group LLC cut its stake in FedEx Corporation (NYSE:FDX) by 43.2% in the third quarter, HoldingsChannel reports. The firm owned 12,748 shares of the shipping service provider’s stock after selling 9,710 shares during the quarter. FedEx makes up about 1.4% of Wells Trecaso Financial Group LLC’s investment portfolio, making the stock its 22nd biggest position. Wells Trecaso Financial Group LLC’s holdings in FedEx were worth $3,006,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Grey Fox Wealth Advisors LLC acquired a new stake in FedEx in the third quarter valued at approximately $27,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of FedEx in the 2nd quarter valued at approximately $28,000. NewSquare Capital LLC raised its holdings in shares of FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Physician Wealth Advisors Inc. raised its holdings in shares of FedEx by 27.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 218 shares of the shipping service provider’s stock valued at $51,000 after purchasing an additional 47 shares in the last quarter. Finally, City Holding Co. grew its stake in shares of FedEx by 167.0% during the third quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

FedEx stock opened at $366.31 on Friday. The business has a 50 day simple moving average of $300.05 and a 200-day simple moving average of $260.49. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $366.46. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The stock has a market capitalization of $86.13 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.82 and a beta of 1.34.

FedEx (NYSE:FDX) last announced its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. The company had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. FedEx’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were issued a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, December 15th. FedEx’s dividend payout ratio (DPR) is currently 31.97%.

Analysts Set New Price Targets

Several research firms have recently issued reports on FDX. Wall Street Zen upgraded FedEx from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of FedEx in a report on Tuesday, January 20th. Raymond James Financial boosted their target price on FedEx from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. Bank of America raised FedEx from a “neutral” rating to a “buy” rating and set a $365.00 price target on the stock in a research report on Friday, January 9th. Finally, Truist Financial increased their price objective on FedEx from $285.00 to $330.00 and gave the company a “buy” rating in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $314.32.

About FedEx

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.