Boston Family Office LLC Lowers Stake in FedEx Corporation $FDX

Boston Family Office LLC cut its position in FedEx Corporation (NYSE:FDX) by 24.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,451 shares of the shipping service provider’s stock after selling 1,778 shares during the period. Boston Family Office LLC’s holdings in FedEx were worth $1,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of FDX. NewSquare Capital LLC increased its stake in FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. WPG Advisers LLC bought a new position in shares of FedEx in the first quarter worth about $43,000. Cary Street Partners Investment Advisory LLC grew 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 purchasing an additional 71 shares in the last quarter. Rise Advisors LLC raised its stake in FedEx by 21.0% during the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after purchasing an additional 59 shares during the period. Finally, AlphaCore Capital LLC purchased a new position in FedEx in the 1st quarter worth approximately $91,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Vertical Research dropped their price target on FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Truist Financial set a $285.00 target price on shares of FedEx in a research report on Tuesday, October 14th. Stifel Nicolaus lifted their price target on shares of FedEx from $296.00 to $297.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Wolfe Research boosted their price target on shares of FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. Finally, Jefferies Financial Group raised their price objective on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. One investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $276.54.

FedEx Price Performance

FDX stock opened at $273.09 on Tuesday. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $302.02. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $250.66 and a two-hundred day simple moving average of $235.64. The firm has a market capitalization of $64.44 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.32.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be given a dividend of $1.45 per share. The ex-dividend date is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 2.1%. FedEx’s dividend payout ratio is 33.86%.

About FedEx

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.