FedEx Corporation $FDX Shares Sold by TIAA Trust National Association

TIAA Trust National Association trimmed its stake in FedEx Corporation (NYSE:FDX) by 57.5% in the second quarter, HoldingsChannel.com reports. The fund owned 6,284 shares of the shipping service provider’s stock after selling 8,509 shares during the quarter. TIAA Trust National Association’s holdings in FedEx were worth $1,428,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of FedEx in the first quarter worth $43,000. Cary Street Partners Investment Advisory LLC raised 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 worth $46,000 after acquiring an additional 71 shares during the last quarter. Motco raised 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 worth $65,000 after acquiring an additional 102 shares during the last quarter. Rise Advisors LLC raised 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 worth $83,000 after acquiring an additional 59 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new position in shares of FedEx in the first quarter worth $91,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FDX. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $274.00 price target (down from $284.00) on shares of FedEx in a report on Wednesday, October 8th. Jefferies Financial Group raised their price target on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Daiwa Capital Markets raised their price target on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, September 22nd. Sanford C. Bernstein raised their price target on FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research note on Monday, September 22nd. Finally, Wolfe Research upped their price target on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $271.83.

FedEx Stock Performance

Shares of NYSE:FDX opened at $252.24 on Wednesday. The company has a market cap of $59.52 billion, a P/E ratio of 14.72, a PEG ratio of 1.41 and a beta of 1.31. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The business’s 50-day simple moving average is $235.89 and its 200 day simple moving average is $228.97.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating the consensus estimate of $3.71 by $0.12. The business 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 revenue was up 3.1% on a year-over-year basis. During the same period last year, the business posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, sell-side analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were issued a $1.45 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.3%. FedEx’s dividend 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.