Strategic Blueprint LLC Sells 110 Shares of FedEx Corporation $FDX

Strategic Blueprint LLC lessened its stake in FedEx Corporation (NYSE:FDX) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,993 shares of the shipping service provider’s stock after selling 110 shares during the quarter. Strategic Blueprint LLC’s holdings in FedEx were worth $908,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FDX. Golden State Wealth Management LLC lifted its holdings in FedEx by 21.1% during the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock worth $88,000 after acquiring an additional 63 shares in the last quarter. Sivia Capital Partners LLC bought a new position in FedEx during the second quarter worth about $586,000. Sage Capital Advisors llc lifted its holdings 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 worth $7,887,000 after acquiring an additional 20,024 shares in the last quarter. Jackson Thornton Wealth Management LLC bought a new position in FedEx during the second quarter worth about $298,000. Finally, Value Partners Investments Inc. lifted its holdings 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 worth $41,247,000 after acquiring an additional 37,950 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on FDX shares. Wolfe Research lifted their price target on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. Truist Financial set a $285.00 price target on FedEx in a research note on Tuesday, October 14th. Susquehanna lifted their price target on FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research note on Friday, September 19th. Sanford C. Bernstein lifted their price target on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research note on Monday, September 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of FedEx in a research note on Wednesday, October 8th. One 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 given 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 target price of $271.83.

FedEx Stock Up 1.3%

Shares of FDX opened at $241.24 on Friday. The firm’s 50-day simple moving average is $233.05 and its 200 day simple moving average is $226.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The firm has a market cap of $56.92 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53.

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

FedEx Dividend Announcement

The company also recently announced 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 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 (DPR) is 33.86%.

FedEx Company 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.