FedEx Corporation $FDX Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC lowered its stake in shares of FedEx Corporation (NYSE:FDX) by 13.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,851 shares of the shipping service provider’s stock after selling 2,461 shares during the quarter. Advisory Services Network LLC’s holdings in FedEx were worth $3,543,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC boosted its holdings in shares of FedEx by 0.6% during the second quarter. Anchor Investment Management LLC now owns 27,789 shares of the shipping service provider’s stock valued at $6,317,000 after acquiring an additional 178 shares during the period. State of Wyoming bought a new stake in FedEx in the 2nd quarter valued at about $392,000. Hudson Bay Capital Management LP boosted its stake in FedEx by 118.9% during the 2nd quarter. Hudson Bay Capital Management LP now owns 55,152 shares of the shipping service provider’s stock valued at $12,537,000 after purchasing an additional 29,955 shares during the period. Nomura Holdings Inc. grew its position in FedEx by 27.3% in the 2nd quarter. Nomura Holdings Inc. now owns 16,533 shares of the shipping service provider’s stock worth $3,758,000 after purchasing an additional 3,546 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of FedEx by 35.9% in the second quarter. Geneos Wealth Management Inc. now owns 2,040 shares of the shipping service provider’s stock valued at $464,000 after purchasing an additional 539 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Performance

FedEx stock opened at $282.62 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The company has a market cap of $66.69 billion, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 1.45 and a beta of 1.32. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $295.24. The firm’s 50 day simple moving average is $259.20 and its 200-day simple moving average is $240.12.

FedEx (NYSE:FDX) last posted 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. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter last year, the business posted $3.60 EPS. The company’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. As a group, equities research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

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

Wall Street Analyst Weigh In

FDX has been the subject of a number of recent analyst reports. Jefferies Financial Group increased their price objective on FedEx from $280.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. The Goldman Sachs Group raised their price target on FedEx from $280.00 to $301.00 and gave the company a “buy” rating in a report on Thursday, December 11th. UBS Group lifted their price objective on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $255.00 target price on shares of FedEx in a research report on Thursday, September 18th. One 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $286.29.

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.