Check Capital Management Inc. CA Reduces Stake in FedEx Corporation $FDX

Check Capital Management Inc. CA cut its position in shares of FedEx Corporation (NYSE:FDX) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 198,927 shares of the shipping service provider’s stock after selling 1,695 shares during the quarter. FedEx comprises 1.5% of Check Capital Management Inc. CA’s investment portfolio, making the stock its 9th biggest holding. Check Capital Management Inc. CA’s holdings in FedEx were worth $45,218,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its position in shares of FedEx by 21.1% during the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock valued at $88,000 after purchasing an additional 63 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in FedEx during the second quarter valued at $586,000. Sage Capital Advisors llc raised its stake in FedEx by 136.5% during the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after buying an additional 20,024 shares during the last quarter. Value Partners Investments Inc. raised its stake in FedEx by 26.4% during the second quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock valued at $41,247,000 after buying an additional 37,950 shares during the last quarter. Finally, Xcel Wealth Management LLC purchased a new position in FedEx during the second quarter valued at $1,200,000. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Down 5.0%

FedEx stock opened at $225.14 on Friday. The stock has a market cap of $53.12 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The stock has a fifty day moving average of $230.78 and a 200 day moving average of $225.76.

FedEx (NYSE:FDX) last issued 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. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were given a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.6%. FedEx’s dividend payout ratio is presently 33.86%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Bank of America lifted their price objective on FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Wolfe Research upped their price objective on FedEx from $244.00 to $254.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of FedEx in a research report on Wednesday. JPMorgan Chase & Co. restated a “neutral” rating and issued a $274.00 price target (down previously from $284.00) on shares of FedEx in a research note on Wednesday. Finally, Vertical Research decreased their price target on FedEx from $280.00 to $275.00 in a research note 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $271.25.

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.