NorthCrest Asset Manangement LLC Has $1.84 Million Stock Position in FedEx Corporation $FDX

NorthCrest Asset Manangement LLC lessened its position in FedEx Corporation (NYSE:FDX) by 63.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 7,577 shares of the shipping service provider’s stock after selling 13,371 shares during the period. NorthCrest Asset Manangement LLC’s holdings in FedEx were worth $1,836,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of FDX. D.A. Davidson & CO. raised its stake in shares of FedEx by 10.6% in the third quarter. D.A. Davidson & CO. now owns 48,424 shares of the shipping service provider’s stock valued at $11,419,000 after buying an additional 4,634 shares during the period. New York State Teachers Retirement System grew its stake in shares of FedEx by 2.3% during the 3rd quarter. New York State Teachers Retirement System now owns 207,077 shares of the shipping service provider’s stock worth $48,831,000 after acquiring an additional 4,734 shares during the period. Pacer Advisors Inc. increased its holdings in FedEx by 34.9% in the 3rd quarter. Pacer Advisors Inc. now owns 24,085 shares of the shipping service provider’s stock worth $5,679,000 after acquiring an additional 6,234 shares during the last quarter. CWM LLC raised its stake in FedEx by 244.4% in the 3rd quarter. CWM LLC now owns 81,709 shares of the shipping service provider’s stock valued at $19,268,000 after acquiring an additional 57,983 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in FedEx by 24.3% during the second quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock valued at $59,583,000 after purchasing an additional 51,294 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Trading Down 2.4%

Shares of FDX stock opened at $300.92 on Wednesday. The company has a market capitalization of $70.75 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $318.83. The business’s fifty day moving average is $286.29 and its 200 day moving average is $253.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27.

FedEx (NYSE:FDX) last announced its 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 return on equity of 16.63% and a net margin of 4.81%.The business had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. During the same period in the prior year, the company earned $4.05 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, equities research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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

Wall Street Analysts Forecast Growth

FDX has been the topic of several research reports. Susquehanna lowered their price target on shares of FedEx from $345.00 to $340.00 in a research report on Tuesday, December 23rd. Royal Bank Of Canada lowered shares of FedEx to a “sector perform” rating in a research note on Wednesday, December 17th. BNP Paribas set a $280.00 target price on FedEx and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group raised their price target on FedEx from $301.00 to $317.00 and gave the stock a “buy” rating in a report on Friday, December 19th. Finally, Wells Fargo & Company boosted their price objective on FedEx from $290.00 to $295.00 and gave the company an “equal weight” rating in a research note on Friday, December 19th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $301.48.

FedEx Profile

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.