Manning & Napier Advisors LLC Sells 19,108 Shares of FedEx Corporation $FDX

Manning & Napier Advisors LLC lowered its position in shares of FedEx Corporation (NYSE:FDX) by 40.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,512 shares of the shipping service provider’s stock after selling 19,108 shares during the quarter. Manning & Napier Advisors LLC’s holdings in FedEx were worth $6,745,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WealthPlan Investment Management LLC increased its holdings 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 buying an additional 44 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co grew its position in FedEx by 1.2% during the 3rd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 3,890 shares of the shipping service provider’s stock worth $917,000 after acquiring an additional 45 shares during the last quarter. L2 Asset Management LLC increased its holdings in FedEx by 4.9% during the 2nd quarter. L2 Asset Management LLC now owns 985 shares of the shipping service provider’s stock valued at $224,000 after purchasing an additional 46 shares in the last quarter. Stonebridge Capital Advisors LLC increased its holdings in FedEx by 4.1% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 1,163 shares of the shipping service provider’s stock valued at $264,000 after purchasing an additional 46 shares in the last quarter. Finally, Schwarz Dygos Wheeler Investment Advisors LLC raised its position in FedEx by 1.3% in the 2nd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 3,922 shares of the shipping service provider’s stock valued at $892,000 after purchasing an additional 49 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Stock Up 1.2%

Shares of NYSE FDX opened at $313.31 on Thursday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $318.83. The firm’s 50-day moving average is $282.56 and its 200-day moving average is $250.96. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $73.67 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $22.79 billion. During the same period in the previous year, the firm posted $4.05 earnings per share. FedEx’s revenue for the quarter was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.9%. FedEx’s payout ratio is 31.97%.

Wall Street Analysts Forecast Growth

FDX has been the topic of several research analyst reports. Raymond James Financial increased their target price on FedEx from $255.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, December 22nd. Wall Street Zen raised shares of FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Wells Fargo & Company boosted their target price on shares of FedEx from $290.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Friday, December 19th. Susquehanna reduced their target price on shares of FedEx from $345.00 to $340.00 in a research report on Tuesday, December 23rd. Finally, Citigroup raised their price target on shares of FedEx from $310.00 to $327.00 and gave the company a “buy” rating in a report on Friday, December 19th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, FedEx presently has an average rating of “Hold” and an average target price of $302.65.

About FedEx

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.