Neo Ivy Capital Management Sells 8,089 Shares of FedEx Corporation $FDX

Neo Ivy Capital Management lessened its stake in FedEx Corporation (NYSE:FDX) by 82.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,753 shares of the shipping service provider’s stock after selling 8,089 shares during the period. Neo Ivy Capital Management’s holdings in FedEx were worth $398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC lifted its position in shares of FedEx by 3.2% in the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after acquiring an additional 44 shares during the period. SouthState Corp raised its stake in shares of FedEx by 3.5% in the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock valued at $349,000 after purchasing an additional 48 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in FedEx by 1.3% in the second quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 3,922 shares of the shipping service provider’s stock worth $892,000 after purchasing an additional 49 shares during the period. Loudon Investment Management LLC boosted its stake in FedEx by 5.0% during the second quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock worth $239,000 after buying an additional 50 shares in the last quarter. Finally, Navalign LLC increased its holdings in FedEx by 1.7% in the 2nd quarter. Navalign LLC now owns 2,952 shares of the shipping service provider’s stock valued at $671,000 after buying an additional 50 shares during the period. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Performance

NYSE:FDX opened at $269.55 on Friday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The firm has a 50 day moving average of $245.20 and a 200-day moving average of $233.55. 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 stock has a market capitalization of $63.60 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period in the prior year, the company earned $3.60 EPS. FedEx’s revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a $1.45 dividend. The ex-dividend date is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.2%. FedEx’s dividend payout ratio (DPR) is 33.86%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FDX. Citigroup raised their price objective on shares of FedEx from $279.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. TD Cowen raised their price target on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. HSBC lifted their price objective on FedEx from $230.00 to $235.00 in a report on Friday, September 19th. 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. Finally, Vertical Research decreased their price target on FedEx from $280.00 to $275.00 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.