Roffman Miller Associates Inc. PA Sells 1,224 Shares of FedEx Corporation $FDX

Roffman Miller Associates Inc. PA lessened its stake in FedEx Corporation (NYSE:FDX) by 7.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 15,124 shares of the shipping service provider’s stock after selling 1,224 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in FedEx were worth $3,438,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Abound Financial LLC acquired a new position in FedEx in the 1st quarter worth $38,000. WPG Advisers LLC bought a new stake in shares of FedEx in the first quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of 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 worth $46,000 after buying an additional 71 shares during the period. Motco grew its holdings in shares of FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after buying an additional 102 shares in the last quarter. Finally, Rise Advisors LLC raised its position in FedEx by 21.0% in the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after buying an additional 59 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Performance

Shares of FDX stock opened at $253.05 on Tuesday. The company has a fifty day moving average price of $235.47 and a two-hundred day moving average price of $228.65. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The stock has a market cap of $59.71 billion, a P/E ratio of 14.77, a P/E/G ratio of 1.42 and a beta of 1.31. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating 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 company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same period in the prior year, the firm earned $3.60 EPS. FedEx’s quarterly 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, equities analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is presently 33.86%.

Analyst Ratings Changes

A number of equities analysts have weighed in on FDX shares. BMO Capital Markets reduced their price target on FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a research report on Friday, September 19th. Citigroup increased their target price on shares of FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Wells Fargo & Company raised their target price on shares of FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Friday, September 19th. HSBC boosted their price target on shares of FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Finally, The Goldman Sachs Group decreased their price objective on FedEx from $290.00 to $276.00 and set a “buy” rating for the company 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.83.

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.