Carret Asset Management LLC Has $5.72 Million Stake in FedEx Corporation $FDX

Carret Asset Management LLC trimmed its stake in FedEx Corporation (NYSE:FDX) by 10.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,165 shares of the shipping service provider’s stock after selling 2,977 shares during the period. Carret Asset Management LLC’s holdings in FedEx were worth $5,720,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of FDX. HBK Sorce Advisory LLC grew its stake in FedEx by 1.6% during the second quarter. HBK Sorce Advisory LLC now owns 3,251 shares of the shipping service provider’s stock worth $740,000 after purchasing an additional 50 shares during the period. Premier Path Wealth Partners LLC bought a new position in shares of FedEx during the 2nd quarter worth approximately $239,000. Hantz Financial Services Inc. boosted its holdings in shares of FedEx by 68.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 438 shares of the shipping service provider’s stock worth $100,000 after buying an additional 178 shares in the last quarter. Daymark Wealth Partners LLC grew its position in shares of FedEx by 18.5% during the 2nd quarter. Daymark Wealth Partners LLC now owns 10,983 shares of the shipping service provider’s stock worth $2,496,000 after buying an additional 1,715 shares during the period. Finally, Mendel Money Management increased its stake in shares of FedEx by 39.1% in the 2nd quarter. Mendel Money Management now owns 1,426 shares of the shipping service provider’s stock valued at $324,000 after acquiring an additional 401 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Performance

Shares of FDX opened at $249.73 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The stock has a 50-day moving average of $234.23 and a 200-day moving average of $227.56. The company has a market cap of $58.93 billion, a PE ratio of 14.58, a P/E/G ratio of 1.39 and a beta of 1.28. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53.

FedEx (NYSE:FDX) last announced its quarterly 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 business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter last year, the firm earned $3.60 EPS. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts predict that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were given a $1.45 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.3%. FedEx’s dividend payout ratio (DPR) is presently 33.86%.

Analyst Ratings Changes

A number of equities research analysts have commented on FDX shares. Stephens restated an “overweight” rating and issued a $260.00 price target on shares of FedEx in a report on Tuesday, October 14th. Wolfe Research increased their price objective on shares of FedEx from $254.00 to $298.00 in a research report on Tuesday, October 7th. Stifel Nicolaus reduced their target price on FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Weiss Ratings restated a “hold (c)” rating on shares of FedEx in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $274.00 target price (down from $284.00) on shares of FedEx in a research note on Wednesday, October 8th. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.