FedEx Corporation $FDX Stock Holdings Lowered by Bell & Brown Wealth Advisors LLC

Bell & Brown Wealth Advisors LLC lowered its position in shares of FedEx Corporation (NYSE:FDX) by 0.5% in the 2nd quarter, Holdings Channel reports. The fund owned 20,470 shares of the shipping service provider’s stock after selling 103 shares during the period. FedEx comprises 1.7% of Bell & Brown Wealth Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Bell & Brown Wealth Advisors LLC’s holdings in FedEx were worth $4,671,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. WealthPlan Investment Management LLC grew its position in shares of FedEx by 3.2% during the second quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after acquiring an additional 44 shares during the last quarter. Aaron Wealth Advisors LLC grew its position in shares of FedEx by 2.6% during the first quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock worth $457,000 after acquiring an additional 48 shares during the last quarter. SouthState Corp grew its position in shares of FedEx by 3.5% during the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock worth $349,000 after acquiring an additional 48 shares during the last quarter. Evanson Asset Management LLC grew its position in shares of FedEx by 6.0% during the first quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider’s stock worth $214,000 after acquiring an additional 50 shares during the last quarter. Finally, Hendershot Investments Inc. grew its position in shares of FedEx by 4.3% during the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock worth $294,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FDX. HSBC increased their target price on shares of FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Citigroup increased their target price on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Wall Street Zen upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Evercore ISI decreased their target price on shares of FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Finally, Susquehanna increased their target price on shares of FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, September 19th. One 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 given a Sell rating to the stock. According to MarketBeat.com, FedEx has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Price Performance

Shares of NYSE FDX opened at $238.55 on Friday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $56.29 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.32 and a beta of 1.28. The firm has a 50-day moving average of $231.90 and a two-hundred day moving average of $225.61.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the prior year, the company earned $3.60 EPS. FedEx’s revenue was up 3.1% on a year-over-year basis. 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. Shareholders 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 was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is presently 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.