Phoenix Financial Ltd. Has $255,000 Holdings in FedEx Corporation $FDX

Phoenix Financial Ltd. cut its holdings in shares of FedEx Corporation (NYSE:FDX) by 52.1% during the second quarter, Holdings Channel reports. The fund owned 1,124 shares of the shipping service provider’s stock after selling 1,224 shares during the period. Phoenix Financial Ltd.’s holdings in FedEx were worth $255,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Abound Financial LLC bought a new stake in FedEx during the 1st quarter worth approximately $38,000. WPG Advisers LLC bought a new stake in FedEx during the 1st quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC grew its position in FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after acquiring an additional 71 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in FedEx during the 1st quarter worth approximately $65,000. Finally, Motco grew its position in FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after acquiring an additional 102 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Performance

FDX stock opened at $239.25 on Thursday. The business’s 50-day moving average price is $232.63 and its two-hundred day moving average price is $225.96. 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 cap of $56.45 billion, a PE ratio of 13.97, a P/E/G ratio of 1.35 and a beta of 1.28. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53.

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

FedEx Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. BNP Paribas Exane upgraded FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research report on Thursday, July 3rd. Susquehanna increased their price objective on FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research report on Friday, September 19th. BMO Capital Markets decreased their price objective on FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research report on Friday, September 19th. Sanford C. Bernstein increased their price objective on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research report on Monday, September 22nd. Finally, Barclays reiterated an “overweight” rating and issued a $320.00 price objective (down from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $271.83.

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.