OVERSEA CHINESE BANKING Corp Ltd Sells 97 Shares of FedEx Corporation $FDX

OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in shares of FedEx Corporation (NYSE:FDX) by 4.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,348 shares of the shipping service provider’s stock after selling 97 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in FedEx were worth $534,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Brighton Jones LLC raised its stake in FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after buying an additional 207 shares during the last quarter. Spire Wealth Management raised its stake in FedEx by 25.4% during the first quarter. Spire Wealth Management now owns 888 shares of the shipping service provider’s stock worth $216,000 after buying an additional 180 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in FedEx by 19.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,794 shares of the shipping service provider’s stock worth $5,510,000 after buying an additional 3,638 shares during the last quarter. Golden State Wealth Management LLC raised its stake in FedEx by 21.1% during the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock worth $88,000 after buying an additional 63 shares during the last quarter. Finally, Joel Isaacson & Co. LLC raised its stake in FedEx by 8.6% during the first quarter. Joel Isaacson & Co. LLC now owns 2,820 shares of the shipping service provider’s stock worth $687,000 after buying an additional 223 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

FDX has been the subject of a number of analyst reports. Susquehanna lifted their target price on shares of FedEx from $285.00 to $300.00 and gave the stock a “positive” rating in a research note on Friday, September 19th. Truist Financial set a $285.00 target price on shares of FedEx in a research note on Tuesday, October 14th. Stifel Nicolaus lowered their target price on shares of FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. Bank of America raised their price target on shares of FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a report on Friday, September 19th. Finally, Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, FedEx has an average rating of “Moderate Buy” and a consensus target price of $271.83.

FedEx Trading Up 2.6%

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

FedEx (NYSE:FDX) last posted its 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. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm 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 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.3%. FedEx’s payout ratio is presently 33.86%.

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.