Zullo Investment Group Inc. Has $1.37 Million Holdings in FedEx Corporation $FDX

Zullo Investment Group Inc. trimmed its stake in shares of FedEx Corporation (NYSE:FDX) by 4.2% during the second quarter, Holdings Channel.com reports. The firm owned 6,013 shares of the shipping service provider’s stock after selling 266 shares during the period. Zullo Investment Group Inc.’s holdings in FedEx were worth $1,367,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC lifted its position in shares of FedEx by 21.1% during the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock worth $88,000 after purchasing an additional 63 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of FedEx during the second quarter worth approximately $586,000. Sage Capital Advisors llc raised its stake in shares of FedEx by 136.5% during the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after buying an additional 20,024 shares during the last quarter. Value Partners Investments Inc. raised its stake in shares of FedEx by 26.4% during the second quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock worth $41,247,000 after buying an additional 37,950 shares during the last quarter. Finally, Xcel Wealth Management LLC bought a new stake in shares of FedEx during the second quarter worth approximately $1,200,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group boosted their price target on shares of FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Bank of America boosted their price target on shares of FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $274.00 target price (down previously from $284.00) on shares of FedEx in a research note on Wednesday. Cowen reaffirmed a “buy” rating on shares of FedEx in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company upped their target price on shares of FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, September 19th. One investment 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 issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $271.25.

FedEx Stock Performance

Shares of FDX opened at $225.14 on Friday. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The firm has a fifty day simple moving average of $230.78 and a 200 day simple moving average of $225.89. The stock has a market capitalization of $53.12 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 1.32 and a beta of 1.28. 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 announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter in the prior year, the company posted $3.60 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts forecast 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 was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were issued a dividend of $1.45 per share. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.6%. FedEx’s dividend payout ratio is presently 33.86%.

FedEx Company 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.