Johnson Financial Group Inc. Cuts Position in FedEx Corporation $FDX

Johnson Financial Group Inc. cut its holdings in FedEx Corporation (NYSE:FDX) by 55.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163 shares of the shipping service provider’s stock after selling 200 shares during the period. Johnson Financial Group Inc.’s holdings in FedEx were worth $37,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. NewSquare Capital LLC grew its stake in 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 during the period. WPG Advisers LLC purchased a new position in shares of FedEx in the 1st quarter worth about $43,000. Cary Street Partners Investment Advisory LLC grew its position in FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after buying an additional 71 shares during the period. Rise Advisors LLC increased its holdings in FedEx by 21.0% during the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after buying an additional 59 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in FedEx during the first quarter worth about $91,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Down 0.0%

FDX stock opened at $275.70 on Friday. The stock has a 50-day simple moving average of $249.80 and a two-hundred day simple moving average of $235.32. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $304.76. The firm has a market capitalization of $65.05 billion, a PE ratio of 16.09, a PEG ratio of 1.43 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 released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. FedEx’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, December 15th. FedEx’s payout ratio is 33.86%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on FDX shares. Wall Street Zen raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. BMO Capital Markets dropped their price objective on FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. Stephens reissued an “overweight” rating and issued a $260.00 target price on shares of FedEx in a research report on Tuesday, October 14th. 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. Finally, Wolfe Research increased their price target on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. One investment 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. According to data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average price target of $276.13.

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.