Intellectus Partners LLC Sells 200 Shares of FedEx Corporation $FDX

Intellectus Partners LLC reduced its stake in FedEx Corporation (NYSE:FDX) by 17.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 960 shares of the shipping service provider’s stock after selling 200 shares during the quarter. Intellectus Partners LLC’s holdings in FedEx were worth $220,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its holdings in shares of FedEx by 24.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after purchasing an additional 51,294 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of FedEx by 21.1% in the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock valued at $88,000 after purchasing an additional 63 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of FedEx in the 2nd quarter valued at about $586,000. Sage Capital Advisors llc raised its holdings in shares of FedEx by 136.5% in 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 purchasing an additional 20,024 shares during the period. Finally, Jackson Thornton Wealth Management LLC bought a new stake in shares of FedEx in the 2nd quarter valued at about $298,000. 84.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FDX shares. Bank of America upped their target price on shares of FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a report on Friday, September 19th. Jefferies Financial Group upped their price target on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, September 19th. HSBC upped their price target on shares of FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of FedEx in a research note on Friday. Finally, UBS Group upped their price target on shares of FedEx from $293.00 to $314.00 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 assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $271.83.

FedEx Stock Performance

Shares of NYSE:FDX opened at $253.05 on Tuesday. The company’s 50 day moving average price is $235.47 and its two-hundred day moving average price is $228.65. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The firm has a market cap of $59.71 billion, a PE ratio of 14.77, a PEG ratio of 1.42 and a beta of 1.31. 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 announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for 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. Equities research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

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