FedEx Corporation $FDX Position Lessened by Carnegie Investment Counsel

Carnegie Investment Counsel lowered its position in FedEx Corporation (NYSE:FDX) by 23.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 921 shares of the shipping service provider’s stock after selling 288 shares during the quarter. Carnegie Investment Counsel’s holdings in FedEx were worth $209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC grew its stake in shares of FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after buying an additional 3,730,273 shares in the last quarter. Nuveen LLC bought a new stake in FedEx in the first quarter worth approximately $314,650,000. ACR Alpine Capital Research LLC grew its position 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 acquiring an additional 732,266 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after purchasing an additional 289,655 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of FedEx by 302.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock valued at $85,883,000 after purchasing an additional 264,792 shares in the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Stock Up 2.6%

Shares of FDX stock opened at $247.41 on Tuesday. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The firm has a market cap of $58.38 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. The stock has a 50 day moving average of $233.44 and a 200-day moving average of $226.96.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) 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 business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the previous year, the firm posted $3.60 earnings per share. FedEx’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. On average, equities analysts predict that FedEx Corporation will post 19.14 EPS 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 paid a $1.45 dividend. This represents a $5.80 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is presently 33.86%.

Wall Street Analysts Forecast Growth

Several research firms have commented on FDX. TD Cowen increased their target price on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. Weiss Ratings reissued a “hold (c)” rating on shares of FedEx in a report on Wednesday, October 8th. Bank of America raised their price objective on FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Wall Street Zen raised FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. Finally, Citigroup increased their price target on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.