Tyche Wealth Partners LLC Lowers Stake in FedEx Corporation $FDX

Tyche Wealth Partners LLC reduced its holdings in shares of FedEx Corporation (NYSE:FDX) by 11.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,561 shares of the shipping service provider’s stock after selling 199 shares during the period. Tyche Wealth Partners LLC’s holdings in FedEx were worth $355,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after acquiring an additional 289,655 shares during the period. Valeo Financial Advisors LLC raised its holdings in FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock worth $850,948,000 after buying an additional 3,730,273 shares during the last quarter. Invesco Ltd. raised its holdings in FedEx by 1.4% in the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock worth $795,940,000 after buying an additional 43,989 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in FedEx by 7.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock worth $495,041,000 after buying an additional 135,290 shares during the last quarter. Finally, ACR Alpine Capital Research LLC raised its holdings in FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after buying an additional 732,266 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Performance

Shares of FDX stock opened at $242.61 on Wednesday. The company has a 50 day moving average price of $230.03 and a 200-day moving average price of $225.94. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The firm has a market capitalization of $57.25 billion, a PE ratio of 14.16, a P/E/G ratio of 1.37 and a beta of 1.28. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion during 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 business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous 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, equities research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently announced 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. This represents a $5.80 annualized dividend and a 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 research analysts have issued reports on FDX shares. Susquehanna lifted their target price on shares of FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a report on Friday, September 19th. Vertical Research decreased their target price on shares of FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Truist Financial reaffirmed a “buy” rating and issued a $275.00 target price on shares of FedEx in a report on Wednesday, June 25th. JPMorgan Chase & Co. decreased their target price on shares of FedEx from $285.00 to $284.00 and set an “overweight” rating for the company in a report on Friday, September 19th. Finally, TD Cowen lifted 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 investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $271.67.

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.