FedEx Corporation $FDX Shares Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS reduced its position in shares of FedEx Corporation (NYSE:FDX) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,499 shares of the shipping service provider’s stock after selling 356 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in FedEx were worth $6,933,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. WealthPlan Investment Management LLC increased its position in FedEx by 3.2% in the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after buying an additional 44 shares during the period. Aaron Wealth Advisors LLC increased its position in FedEx by 2.6% in the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock worth $457,000 after buying an additional 48 shares during the period. SouthState Corp increased its position in FedEx by 3.5% in the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock worth $349,000 after buying an additional 48 shares during the period. Hendershot Investments Inc. increased its position in FedEx by 4.3% in the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock worth $294,000 after buying an additional 50 shares during the period. Finally, Loudon Investment Management LLC increased its position in FedEx by 5.0% in the second quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock worth $239,000 after buying an additional 50 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Citigroup raised their price target on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a report on Friday, September 19th. HSBC raised their price target on FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Sanford C. Bernstein raised their price target on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a report on Monday, September 22nd. Finally, Evercore ISI lowered their price target on FedEx from $243.00 to $239.00 in a report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $271.83.

FedEx Trading Up 1.3%

Shares of FDX stock opened at $241.24 on Friday. The stock has a 50-day simple moving average of $233.05 and a 200 day simple moving average of $226.69. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The stock has a market capitalization of $56.92 billion, a P/E ratio of 14.08, a P/E/G ratio of 1.34 and a beta of 1.28. The company has a quick ratio of 1.21, a current ratio of 1.25 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 return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same quarter last year, the business posted $3.60 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, sell-side analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors 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 annualized dividend and a yield of 2.4%. FedEx’s dividend payout ratio (DPR) is currently 33.86%.

FedEx 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.