Belpointe Asset Management LLC Lowers Stock Position in FedEx Corporation $FDX

Belpointe Asset Management LLC cut its holdings in shares of FedEx Corporation (NYSE:FDX) by 19.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,254 shares of the shipping service provider’s stock after selling 542 shares during the period. Belpointe Asset Management LLC’s holdings in FedEx were worth $550,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FDX. Abound Financial LLC purchased a new position in shares of FedEx during the first quarter worth approximately $38,000. Ameriflex Group Inc. purchased a new position in shares of FedEx during the fourth quarter worth approximately $43,000. WPG Advisers LLC purchased a new position in shares of FedEx during the first quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC grew its position in FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after buying an additional 71 shares during the last quarter. Finally, SOA Wealth Advisors LLC. grew its position in FedEx by 60.6% in the 1st quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider’s stock valued at $61,000 after buying an additional 94 shares during the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of FedEx from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Raymond James Financial reiterated an “outperform” rating and issued a $260.00 price objective (down from $275.00) on shares of FedEx in a research report on Wednesday, June 25th. BMO Capital Markets lowered their price objective on shares of FedEx from $275.00 to $260.00 and set a “market perform” rating on the stock in a research report on Monday, May 19th. JPMorgan Chase & Co. lowered their price objective on shares of FedEx from $290.00 to $285.00 and set an “overweight” rating on the stock in a research report on Friday, September 5th. Finally, TD Cowen lowered their price objective on shares of FedEx from $310.00 to $269.00 and set a “buy” rating on the stock in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average price target of $282.54.

FedEx Price Performance

FedEx stock opened at $229.67 on Friday. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19. The business has a fifty day moving average of $229.77 and a two-hundred day moving average of $227.42. The company has a market cap of $54.19 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.20 and a beta of 1.20.

FedEx (NYSE:FDX) last released its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating analysts’ consensus estimates of $5.98 by $0.09. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same quarter last year, the company earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be paid a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx’s payout ratio is 34.36%.

Insider Transactions at FedEx

In other news, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the transaction, the director owned 15,513 shares of the company’s stock, valued at $3,696,592.77. The trade was a 18.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the transaction, the director directly owned 7,720 shares of the company’s stock, valued at $1,829,176.80. This trade represents a 31.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock valued at $2,228,816 in the last 90 days. 0.53% of the stock is currently owned by insiders.

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.