Brookstone Capital Management Sells 314 Shares of FedEx Corporation $FDX

Brookstone Capital Management lowered its position in FedEx Corporation (NYSE:FDX) by 8.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,491 shares of the shipping service provider’s stock after selling 314 shares during the period. Brookstone Capital Management’s holdings in FedEx were worth $794,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. FNY Investment Advisers LLC grew its holdings in shares of FedEx by 1,357.7% in the second quarter. FNY Investment Advisers LLC now owns 1,137 shares of the shipping service provider’s stock worth $258,000 after acquiring an additional 1,059 shares during the period. Schulhoff & Co. Inc. grew its holdings in shares of FedEx by 14.0% in the second quarter. Schulhoff & Co. Inc. now owns 1,910 shares of the shipping service provider’s stock worth $434,000 after acquiring an additional 235 shares during the period. Blume Capital Management Inc. grew its holdings in shares of FedEx by 2.0% in the second quarter. Blume Capital Management Inc. now owns 44,213 shares of the shipping service provider’s stock worth $10,050,000 after acquiring an additional 887 shares during the period. Legacy Wealth Asset Management LLC grew its holdings in shares of FedEx by 2.2% in the second quarter. Legacy Wealth Asset Management LLC now owns 2,550 shares of the shipping service provider’s stock worth $580,000 after acquiring an additional 56 shares during the period. Finally, Jackson Thornton Wealth Management LLC bought a new stake in shares of FedEx in the second quarter worth $298,000. Institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

Shares of FedEx stock opened at $241.24 on Monday. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The stock’s 50-day simple moving average is $233.05 and its 200-day simple moving average is $226.75. The company has a market capitalization of $56.92 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.34 and a beta of 1.28.

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

FedEx Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on FDX shares. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. TD Cowen lifted their price objective on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Raymond James Financial reiterated an “outperform” rating and set a $255.00 target price on shares of FedEx in a research report on Thursday, September 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $274.00 target price (down from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. Finally, Evercore ISI lowered their target price on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $271.83.

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.