Moran Wealth Management LLC Sells 1,525 Shares of FedEx Corporation $FDX

Moran Wealth Management LLC reduced its stake in FedEx Corporation (NYSE:FDX) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 94,437 shares of the shipping service provider’s stock after selling 1,525 shares during the quarter. Moran Wealth Management LLC’s holdings in FedEx were worth $21,466,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Aaron Wealth Advisors LLC raised its holdings in FedEx by 2.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock valued at $457,000 after acquiring an additional 48 shares during the period. SouthState Corp raised its holdings in FedEx by 3.5% in the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock valued at $349,000 after acquiring an additional 48 shares during the period. Evanson Asset Management LLC raised its holdings in FedEx by 6.0% in the 1st quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider’s stock valued at $214,000 after acquiring an additional 50 shares during the period. Hendershot Investments Inc. raised its holdings in FedEx by 4.3% in the 1st quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock valued at $294,000 after acquiring an additional 50 shares during the period. Finally, Loudon Investment Management LLC raised its holdings in FedEx by 5.0% in the 2nd quarter. Loudon Investment Management LLC now owns 1,050 shares of the shipping service provider’s stock valued at $239,000 after acquiring an additional 50 shares during the period. 84.47% of the stock is owned by institutional investors.

FedEx Stock Performance

NYSE FDX opened at $229.51 on Tuesday. 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 firm has a market capitalization of $54.16 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 1.25 and a beta of 1.28. The firm’s 50 day simple moving average is $231.02 and its 200 day simple moving average is $225.55. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53.

FedEx (NYSE:FDX) last posted 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 business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were given a dividend of $1.45 per share. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. FedEx’s dividend payout ratio (DPR) is currently 33.86%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Jefferies Financial Group increased their price target on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a report on Friday, September 19th. Stifel Nicolaus lowered their target price on shares of FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. UBS Group raised their target price on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. Finally, TD Cowen raised their target price on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.08.

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.