FedEx Corporation $FDX Shares Sold by Harbour Investments Inc.

Harbour Investments Inc. reduced its position in FedEx Corporation (NYSE:FDX) by 14.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,256 shares of the shipping service provider’s stock after selling 390 shares during the quarter. Harbour Investments Inc.’s holdings in FedEx were worth $513,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in FDX. Valeo Financial Advisors LLC boosted its position in shares of FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after purchasing an additional 3,730,273 shares in the last quarter. Nuveen LLC purchased a new stake in shares of FedEx during the 1st quarter worth $314,650,000. ACR Alpine Capital Research LLC boosted its position in shares of FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after purchasing an additional 732,266 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after purchasing an additional 289,655 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of FedEx by 302.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock worth $85,883,000 after purchasing an additional 264,792 shares in the last quarter. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

FedEx Trading Up 0.7%

Shares of FDX stock opened at $238.55 on Monday. The firm has a 50-day moving average price of $231.90 and a 200 day moving average price of $225.54. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a market capitalization of $56.29 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.33 and a beta of 1.28. 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 announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $21.74 billion. During the same quarter in the previous year, the company posted $3.60 EPS. The firm’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. Research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were paid a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. FedEx’s dividend payout ratio is currently 33.86%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on FDX shares. Raymond James Financial restated an “outperform” rating and set a $255.00 target price on shares of FedEx in a research report on Thursday, September 18th. Cowen reiterated a “buy” rating on shares of FedEx in a research report on Wednesday, June 25th. BMO Capital Markets decreased their price objective on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research report on Friday, September 19th. Susquehanna boosted their price objective on shares of FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, September 19th. Finally, Stifel Nicolaus decreased their price objective on shares of FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. One equities research 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 MarketBeat, FedEx has an average rating of “Moderate Buy” and an average price target of $271.83.

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.