Flagship Harbor Advisors LLC Sells 247 Shares of FedEx Corporation $FDX

Flagship Harbor Advisors LLC lowered its stake in FedEx Corporation (NYSE:FDX) by 18.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,101 shares of the shipping service provider’s stock after selling 247 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in FedEx were worth $250,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FDX. Valeo Financial Advisors LLC lifted its position in FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after purchasing an additional 3,730,273 shares during the last quarter. Nuveen LLC purchased a new position in shares of FedEx during the first quarter valued at approximately $314,650,000. ACR Alpine Capital Research LLC increased its stake in shares of FedEx by 85.9% during the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock valued at $386,399,000 after buying an additional 732,266 shares during the period. Vanguard Group Inc. increased its stake in shares of FedEx by 1.4% during the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after buying an additional 289,655 shares during the period. Finally, Canada Pension Plan Investment Board increased its stake in shares of FedEx by 302.6% during the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock valued at $85,883,000 after buying an additional 264,792 shares during the period. Institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on FDX. TD Cowen boosted their target price on FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $274.00 target price (down from $284.00) on shares of FedEx in a research note on Wednesday, October 8th. Jefferies Financial Group boosted their target price on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Wells Fargo & Company boosted their target price on FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, September 19th. Finally, Citigroup boosted their target price on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $271.83.

FedEx Price Performance

Shares of FDX stock opened at $254.05 on Friday. The stock has a market cap of $59.95 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.42 and a beta of 1.28. The business’s fifty day moving average is $235.07 and its 200 day moving average is $228.16. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. 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 (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.12. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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