Asset Management One Co. Ltd. Sells 6,914 Shares of FedEx Corporation $FDX

Asset Management One Co. Ltd. lowered its stake in FedEx Corporation (NYSE:FDX) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 93,942 shares of the shipping service provider’s stock after selling 6,914 shares during the quarter. Asset Management One Co. Ltd.’s holdings in FedEx were worth $22,152,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in shares of FedEx by 34.9% in the third quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock worth $5,679,000 after buying an additional 6,234 shares in the last quarter. CWM LLC raised its holdings in shares of FedEx by 244.4% during the 3rd quarter. CWM LLC now owns 81,709 shares of the shipping service provider’s stock worth $19,268,000 after acquiring an additional 57,983 shares in the last quarter. Czech National Bank increased its position in FedEx by 5.9% in the second quarter. Czech National Bank now owns 53,881 shares of the shipping service provider’s stock worth $12,248,000 after purchasing an additional 2,987 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in FedEx by 24.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after purchasing an additional 51,294 shares in the last quarter. Finally, Sivia Capital Partners LLC bought a new position in FedEx during the second quarter valued at $586,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Price Performance

FedEx stock opened at $297.54 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The stock has a market cap of $69.96 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.46 and a beta of 1.35. The firm has a 50-day moving average of $274.41 and a two-hundred day moving average of $246.99. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $298.00.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The firm had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. During the same quarter in the previous year, the firm posted $4.05 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, research analysts forecast 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 given a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.9%. FedEx’s dividend payout ratio is presently 31.97%.

Analyst Ratings Changes

Several brokerages have recently issued reports on FDX. Oppenheimer restated a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. Vertical Research reduced their price objective on FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Stephens raised their price objective on FedEx from $260.00 to $330.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. Wells Fargo & Company increased their target price on shares of FedEx from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Friday, December 19th. Finally, Daiwa Capital Markets upped their price target on shares of FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $298.92.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.