Lion Street Advisors LLC Trims Holdings in FedEx Corporation $FDX

Lion Street Advisors LLC cut its stake in FedEx Corporation (NYSE:FDX) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,038 shares of the shipping service provider’s stock after selling 53 shares during the quarter. Lion Street Advisors LLC’s holdings in FedEx were worth $463,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in FDX. Brighton Jones LLC grew its position in shares of FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after purchasing an additional 207 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in FedEx by 27.6% during the first quarter. Farther Finance Advisors LLC now owns 2,223 shares of the shipping service provider’s stock valued at $538,000 after buying an additional 481 shares during the period. Simon Quick Advisors LLC boosted its stake in FedEx by 6.1% during the first quarter. Simon Quick Advisors LLC now owns 1,100 shares of the shipping service provider’s stock valued at $268,000 after buying an additional 63 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in FedEx by 21.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 92,967 shares of the shipping service provider’s stock valued at $22,664,000 after buying an additional 16,490 shares during the period. Finally, Missouri Trust & Investment Co boosted its stake in FedEx by 6.9% during the first quarter. Missouri Trust & Investment Co now owns 5,623 shares of the shipping service provider’s stock valued at $1,371,000 after buying an additional 365 shares during the period. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. BMO Capital Markets dropped their price objective on FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a research note on Friday, September 19th. The Goldman Sachs Group dropped their price objective on FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st. BNP Paribas Exane raised FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price objective for the company in a research note on Thursday, July 3rd. Finally, Citigroup lifted their price objective on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research note on Friday, September 19th. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $273.08.

FedEx Stock Down 5.0%

FDX opened at $225.14 on Monday. The company has a market cap of $53.12 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.25 and a beta of 1.28. The business’s 50-day moving average price is $230.78 and its 200-day moving average price is $225.64. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53.

FedEx (NYSE:FDX) last released its quarterly earnings data 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. The firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.6%. FedEx’s payout ratio is currently 33.86%.

About FedEx

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.