Moloney Securities Asset Management LLC Lowers Stock Position in FedEx Corporation $FDX

Moloney Securities Asset Management LLC trimmed its holdings in shares of FedEx Corporation (NYSE:FDX) by 20.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,197 shares of the shipping service provider’s stock after selling 310 shares during the period. Moloney Securities Asset Management LLC’s holdings in FedEx were worth $272,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Abound Financial LLC acquired a new position in shares of FedEx during the 1st quarter worth $38,000. WPG Advisers LLC purchased a new position in shares of FedEx during the 1st quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC increased its position in FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after buying an additional 71 shares in the last quarter. Motco raised its stake in FedEx by 61.8% in the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after purchasing an additional 102 shares during the last quarter. Finally, Rise Advisors LLC raised its position in shares of FedEx by 21.0% in the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after buying an additional 59 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Up 1.3%

FDX opened at $241.24 on Friday. The stock’s 50 day moving average price is $233.05 and its 200 day moving average price is $226.69. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The stock has a market cap 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. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.12. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s payout ratio is 33.86%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. HSBC upped their target price on FedEx from $230.00 to $235.00 in a research note on Friday, September 19th. Susquehanna lifted their target price on shares of FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a report on Friday, September 19th. The Goldman Sachs Group decreased their price target on FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a report on Friday, September 12th. Weiss Ratings reissued a “hold (c)” rating on shares of FedEx in a report on Wednesday, October 8th. Finally, Vertical Research reduced their price target on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Company 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.