FRG Family Wealth Advisors LLC Decreases Stock Holdings in FedEx Corporation $FDX

FRG Family Wealth Advisors LLC lowered its stake in shares of FedEx Corporation (NYSE:FDX) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 6,535 shares of the shipping service provider’s stock after selling 90 shares during the period. FRG Family Wealth Advisors LLC’s holdings in FedEx were worth $1,485,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Abound Financial LLC purchased a new stake in FedEx during the first quarter worth about $38,000. WPG Advisers LLC purchased a new stake in FedEx during the first quarter worth about $43,000. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after purchasing an additional 71 shares in the last quarter. Motco lifted its holdings in shares of FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after purchasing an additional 102 shares in the last quarter. Finally, Rise Advisors LLC lifted its holdings in shares of FedEx by 21.0% in the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after purchasing an additional 59 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Stock Performance

NYSE:FDX opened at $249.73 on Thursday. The firm has a 50 day simple moving average of $234.23 and a 200-day simple moving average of $227.56. 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 market cap of $58.93 billion, a PE ratio of 14.58, a P/E/G ratio of 1.39 and a beta of 1.28. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. The business 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 company’s revenue was up 3.1% on a year-over-year basis. During the same quarter 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. On average, equities analysts expect that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s payout ratio is currently 33.86%.

Analyst Ratings Changes

Several analysts have issued reports on FDX shares. HSBC upped their price target on shares of FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Wall Street Zen raised shares of FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. BMO Capital Markets reduced their price target on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a report on Friday, September 19th. Vertical Research reduced their price target on shares of FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Finally, BNP Paribas Exane raised shares of FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target on the stock in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.83.

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.