Clarkston Capital Partners LLC Lowers Position in FedEx Corporation $FDX

Clarkston Capital Partners LLC trimmed its position in shares of FedEx Corporation (NYSE:FDX) by 0.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 340,240 shares of the shipping service provider’s stock after selling 2,242 shares during the quarter. FedEx accounts for approximately 1.6% of Clarkston Capital Partners LLC’s portfolio, making the stock its 22nd largest holding. Clarkston Capital Partners LLC owned about 0.14% of FedEx worth $77,340,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FDX. WealthPlan Investment Management LLC boosted its holdings in FedEx by 3.2% during the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after purchasing an additional 44 shares during the last quarter. SouthState Corp grew its holdings in shares of FedEx by 3.5% in the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock valued at $349,000 after acquiring an additional 48 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC increased its position in shares of FedEx by 1.3% during the second quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 3,922 shares of the shipping service provider’s stock valued at $892,000 after acquiring an additional 49 shares during the last quarter. Loudon Investment Management LLC lifted its holdings in FedEx by 5.0% during the second quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock worth $239,000 after acquiring an additional 50 shares during the period. Finally, Navalign LLC boosted its position in FedEx by 1.7% in the second quarter. Navalign LLC now owns 2,952 shares of the shipping service provider’s stock worth $671,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

Shares of FDX stock opened at $275.93 on Friday. The firm’s 50 day moving average is $248.93 and its 200 day moving average is $235.00. The stock has a market capitalization of $65.11 billion, a P/E ratio of 16.11, a PEG ratio of 1.43 and a beta of 1.31. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $304.78. 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 posted its quarterly earnings results 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. 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 company earned $3.60 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, sell-side analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 15th. FedEx’s dividend payout ratio is presently 33.86%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FDX shares. UBS Group raised their target price on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Sanford C. Bernstein raised their price objective on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a report on Monday, September 22nd. Truist Financial set a $285.00 target price on shares of FedEx in a research note on Tuesday, October 14th. Stephens restated an “overweight” rating and set a $260.00 price target on shares of FedEx in a research note on Tuesday, October 14th. Finally, Evercore ISI lowered their price target on shares of FedEx from $243.00 to $239.00 in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, FedEx currently has an average rating of “Moderate Buy” and an average target price of $276.13.

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.