Focused Investors LLC Sells 10,100 Shares of FedEx Corporation $FDX

Focused Investors LLC trimmed its holdings in shares of FedEx Corporation (NYSE:FDX) by 2.1% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 473,300 shares of the shipping service provider’s stock after selling 10,100 shares during the period. FedEx makes up 3.5% of Focused Investors LLC’s investment portfolio, making the stock its 16th largest holding. Focused Investors LLC’s holdings in FedEx were worth $107,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDX. Abound Financial LLC bought a new position in shares of FedEx in the 1st quarter worth $38,000. WPG Advisers LLC bought a new position in shares of FedEx in the 1st quarter worth $43,000. Cary Street Partners Investment Advisory LLC lifted its holdings 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 in the last quarter. Alpine Bank Wealth Management bought a new position in shares of FedEx in the 1st quarter worth $65,000. Finally, Motco lifted its holdings 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 in the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Trading Down 1.8%

Shares of FedEx stock opened at $242.61 on Wednesday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The firm has a market cap of $57.25 billion, a PE ratio of 14.16, a P/E/G ratio of 1.37 and a beta of 1.28. The stock has a fifty day moving average price of $230.03 and a 200-day moving average price of $225.94. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21.

FedEx (NYSE:FDX) last posted 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 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 firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Daiwa Capital Markets increased their target price on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. lowered their price target on FedEx from $285.00 to $284.00 and set an “overweight” rating for the company in a research report on Friday, September 19th. Truist Financial reissued a “buy” rating and issued a $275.00 price target on shares of FedEx in a research report on Wednesday, June 25th. Jefferies Financial Group increased their price target on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Bank of America increased their price target on FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $271.67.

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.