Joel Isaacson & Co. LLC Sells 247 Shares of FedEx Corporation $FDX

Joel Isaacson & Co. LLC lessened its stake in FedEx Corporation (NYSE:FDX) by 8.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,573 shares of the shipping service provider’s stock after selling 247 shares during the period. Joel Isaacson & Co. LLC’s holdings in FedEx were worth $585,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of FDX. Valeo Financial Advisors LLC raised its position in FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after purchasing an additional 3,730,273 shares during the last quarter. Nuveen LLC bought a new position in FedEx in the 1st quarter worth approximately $314,650,000. ACR Alpine Capital Research LLC raised its position in FedEx by 85.9% in the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after purchasing an additional 732,266 shares during the last quarter. Vanguard Group Inc. raised its position in FedEx by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after purchasing an additional 289,655 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in FedEx by 302.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock worth $85,883,000 after acquiring an additional 264,792 shares during the period. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 1.8%

NYSE:FDX opened at $242.61 on Wednesday. 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 stock has a market capitalization of $57.25 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 1.37 and a beta of 1.28. The firm has a fifty day simple moving average of $230.03 and a two-hundred day simple moving average of $225.94. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53.

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

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given 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 dividend yield of 2.4%. FedEx’s payout ratio is presently 33.86%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Cowen reaffirmed a “buy” rating on shares of FedEx in a report on Wednesday, June 25th. Sanford C. Bernstein upped their target price on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. decreased their price target on shares of FedEx from $285.00 to $284.00 and set an “overweight” rating on the stock in a research note on Friday, September 19th. Citigroup upped their price target on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Finally, Daiwa Capital Markets boosted their price target on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $271.67.

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.