Probity Advisors Inc. Lowers Stock Holdings in FedEx Corporation $FDX

Probity Advisors Inc. lessened its position in shares of FedEx Corporation (NYSE:FDX) by 4.5% in the second quarter, Holdings Channel.com reports. The fund owned 1,938 shares of the shipping service provider’s stock after selling 91 shares during the quarter. Probity Advisors Inc.’s holdings in FedEx were worth $440,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FDX. Brighton Jones LLC grew its position in FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the period. Exchange Traded Concepts LLC grew its position in FedEx by 60.0% during the first quarter. Exchange Traded Concepts LLC now owns 576 shares of the shipping service provider’s stock valued at $140,000 after acquiring an additional 216 shares during the period. GHP Investment Advisors Inc. grew its position in FedEx by 2.3% during the first quarter. GHP Investment Advisors Inc. now owns 30,236 shares of the shipping service provider’s stock valued at $7,371,000 after acquiring an additional 675 shares during the period. Asset Management One Co. Ltd. grew its position in FedEx by 4.9% during the first quarter. Asset Management One Co. Ltd. now owns 102,117 shares of the shipping service provider’s stock valued at $24,894,000 after acquiring an additional 4,766 shares during the period. Finally, Palisade Asset Management LLC grew its position in FedEx by 0.7% during the first quarter. Palisade Asset Management LLC now owns 9,845 shares of the shipping service provider’s stock valued at $2,400,000 after acquiring an additional 65 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Up 1.2%

Shares of FDX opened at $242.80 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The stock’s 50-day moving average is $232.46 and its two-hundred day moving average is $225.87. The stock has a market cap of $57.29 billion, a PE ratio of 14.17, a P/E/G ratio of 1.34 and a beta of 1.28.

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

FedEx Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FDX shares. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Stephens reissued an “overweight” rating and set a $260.00 price target on shares of FedEx in a research report on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of FedEx in a research note on Wednesday, October 8th. Barclays restated an “overweight” rating and set a $320.00 price objective (down previously from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. Finally, HSBC boosted their price objective on FedEx from $230.00 to $235.00 in a research note 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, FedEx currently has an average rating of “Moderate Buy” and an average 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.