Garner Asset Management Corp Has $1.20 Million Stock Position in FedEx Corporation $FDX

Garner Asset Management Corp cut its holdings in shares of FedEx Corporation (NYSE:FDX) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,291 shares of the shipping service provider’s stock after selling 409 shares during the quarter. Garner Asset Management Corp’s holdings in FedEx were worth $1,203,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. NewSquare Capital LLC increased its position in FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares during the period. WPG Advisers LLC acquired a new stake in FedEx in the 1st quarter worth $43,000. Cary Street Partners Investment Advisory LLC increased its holdings in shares of FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after purchasing an additional 71 shares during the period. Rise Advisors LLC increased its holdings in shares of FedEx by 21.0% during the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after purchasing an additional 59 shares during the period. Finally, AlphaCore Capital LLC acquired a new position in shares of FedEx during the first quarter valued at about $91,000. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Up 0.8%

Shares of NYSE FDX opened at $275.93 on Thursday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $304.78. The company has a 50-day moving average of $247.94 and a two-hundred day moving average of $234.71. The company has a market cap of $65.11 billion, a PE ratio of 16.11, a P/E/G ratio of 1.42 and a beta of 1.31. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73.

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 business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter last year, the business posted $3.60 earnings per share. FedEx’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. As a group, equities 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 will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 15th. FedEx’s dividend payout ratio (DPR) is 33.86%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FDX. Stephens reissued an “overweight” rating and issued a $260.00 price target on shares of FedEx in a report on Tuesday, October 14th. Susquehanna increased their target price on shares of FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research report on Friday, September 19th. Wolfe Research lifted their price target on shares of FedEx from $254.00 to $298.00 in a report on Tuesday, October 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $255.00 price objective on shares of FedEx in a research note on Thursday, September 18th. Finally, Evercore ISI dropped their price objective on shares of FedEx from $243.00 to $239.00 in a report on Friday, September 19th. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $276.13.

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.