Sigma Planning Corp Sells 861 Shares of FedEx Corporation $FDX

Sigma Planning Corp decreased its position in shares of FedEx Corporation (NYSE:FDX) by 20.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,322 shares of the shipping service provider’s stock after selling 861 shares during the period. Sigma Planning Corp’s holdings in FedEx were worth $755,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. WealthPlan Investment Management LLC increased its position in FedEx by 3.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock valued at $327,000 after buying an additional 44 shares in the last quarter. SouthState Corp grew its stake in shares of FedEx by 3.5% during the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock worth $349,000 after acquiring an additional 48 shares during the last quarter. Hendershot Investments Inc. increased its holdings in shares of FedEx by 4.3% during the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock valued at $294,000 after acquiring an additional 50 shares in the last quarter. Loudon Investment Management LLC raised its position in shares of FedEx by 5.0% in the 2nd quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock valued at $239,000 after purchasing an additional 50 shares during the last quarter. Finally, Navalign LLC boosted its stake in FedEx by 1.7% in the 2nd quarter. Navalign LLC now owns 2,952 shares of the shipping service provider’s stock worth $671,000 after purchasing an additional 50 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group cut their price target on shares of FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Daiwa Capital Markets upped their target price on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Jefferies Financial Group raised their target price on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. HSBC boosted their price target on FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $274.00 price objective (down from $284.00) on shares of FedEx in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average price target of $273.08.

FedEx Stock Up 1.4%

Shares of FDX stock opened at $262.48 on Friday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The stock has a market cap of $61.93 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.44 and a beta of 1.31. The stock has a 50 day moving average of $237.55 and a 200 day moving average of $229.76. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last issued its quarterly earnings data 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. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

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.