Griffin Asset Management Inc. Sells 175 Shares of FedEx Corporation $FDX

Griffin Asset Management Inc. lessened its stake in shares of FedEx Corporation (NYSE:FDX) by 1.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,185 shares of the shipping service provider’s stock after selling 175 shares during the period. Griffin Asset Management Inc.’s holdings in FedEx were worth $2,315,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its position in shares of FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock valued at $88,000 after acquiring an additional 63 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of FedEx during the 2nd quarter valued at $586,000. Sage Capital Advisors llc lifted its position in shares of FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after acquiring an additional 20,024 shares during the period. Value Partners Investments Inc. lifted its position in shares of FedEx by 26.4% during the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock valued at $41,247,000 after acquiring an additional 37,950 shares during the period. Finally, Xcel Wealth Management LLC acquired a new position in shares of FedEx during the 2nd quarter valued at $1,200,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Stock Performance

FDX opened at $225.14 on Monday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The company has a market cap of $53.12 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 1.25 and a beta of 1.28. The company’s fifty day moving average price is $230.78 and its two-hundred day moving average price is $225.64.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the prior year, the business 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 expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company 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. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.6%. FedEx’s dividend payout ratio is presently 33.86%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FDX. HSBC boosted their target price on shares of FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Citigroup boosted their target price on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Wall Street Zen upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Sunday. BNP Paribas Exane upgraded shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price objective on the stock in a report on Thursday, July 3rd. Finally, The Goldman Sachs Group lowered their price objective on shares of FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a report on Friday, September 12th. One research 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. Based on data from MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and an average price target of $273.08.

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.