Northstar Asset Management Inc. Sells 4,878 Shares of FedEx Corporation $FDX

Northstar Asset Management Inc. reduced its holdings in shares of FedEx Corporation (NYSE:FDX) by 15.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 27,661 shares of the shipping service provider’s stock after selling 4,878 shares during the period. FedEx makes up approximately 1.7% of Northstar Asset Management Inc.’s portfolio, making the stock its 26th largest position. Northstar Asset Management Inc.’s holdings in FedEx were worth $6,288,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FDX. WealthPlan Investment Management LLC boosted its holdings in shares of FedEx by 3.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after buying an additional 44 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of FedEx by 2.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock worth $457,000 after buying an additional 48 shares in the last quarter. SouthState Corp boosted its holdings in shares of FedEx by 3.5% during the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock worth $349,000 after buying an additional 48 shares in the last quarter. Hendershot Investments Inc. boosted its holdings in shares of FedEx by 4.3% during the 1st quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock worth $294,000 after buying an additional 50 shares in the last quarter. Finally, Loudon Investment Management LLC boosted its holdings in shares of FedEx by 5.0% during the 2nd 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. 84.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI cut their price target on FedEx from $243.00 to $239.00 in a report on Friday, September 19th. The Goldman Sachs Group reduced their price target on shares of FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Vertical Research decreased their price target on shares of FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Weiss Ratings restated a “hold (c)” rating on shares of FedEx in a report on Wednesday, October 8th. Finally, Stifel Nicolaus lowered their price objective on shares of FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $271.83.

FedEx Price Performance

Shares of NYSE:FDX opened at $241.24 on Friday. 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’s fifty day simple moving average is $233.05 and its two-hundred day simple moving average is $226.49. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The stock has a market cap of $56.92 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28.

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, beating the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same period last year, the firm 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. As a group, analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.4%. FedEx’s dividend payout ratio (DPR) is currently 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.