apricus wealth LLC Sells 150 Shares of FedEx Corporation $FDX

apricus wealth LLC reduced its stake in FedEx Corporation (NYSE:FDX) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,550 shares of the shipping service provider’s stock after selling 150 shares during the period. apricus wealth LLC’s holdings in FedEx were worth $352,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after acquiring an additional 207 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of FedEx by 60.0% in the 1st quarter. Exchange Traded Concepts LLC now owns 576 shares of the shipping service provider’s stock valued at $140,000 after purchasing an additional 216 shares during the period. PFG Investments LLC raised its stake in FedEx by 11.8% during the 1st quarter. PFG Investments LLC now owns 4,413 shares of the shipping service provider’s stock worth $1,076,000 after buying an additional 465 shares during the period. Intact Investment Management Inc. raised its stake in FedEx by 350.0% during the 1st quarter. Intact Investment Management Inc. now owns 900 shares of the shipping service provider’s stock worth $219,000 after buying an additional 700 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in FedEx by 42.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 210,827 shares of the shipping service provider’s stock worth $51,395,000 after buying an additional 63,093 shares during the period. 84.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Truist Financial set a $285.00 target price on FedEx in a report on Tuesday, October 14th. Susquehanna lifted their price target on FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a report on Friday, September 19th. Daiwa Capital Markets raised their price objective on shares of FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Jefferies Financial Group lifted their price target on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Citigroup lifted their price target on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, FedEx has an average rating of “Moderate Buy” and a consensus price target of $271.83.

FedEx Price Performance

Shares of NYSE FDX opened at $239.97 on Tuesday. The firm’s 50-day moving average price is $232.20 and its 200-day moving average price is $225.75. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The firm has a market capitalization of $56.62 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.33 and a beta of 1.28. 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 (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the prior year, the business posted $3.60 EPS. The firm’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 research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

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.