WealthShield Partners LLC Sells 242 Shares of FedEx Corporation $FDX

WealthShield Partners LLC trimmed its holdings in FedEx Corporation (NYSE:FDX) by 20.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 929 shares of the shipping service provider’s stock after selling 242 shares during the period. WealthShield Partners LLC’s holdings in FedEx were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC boosted its holdings in shares of FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares during the period. WPG Advisers LLC bought a new position in FedEx in the 1st quarter worth about $43,000. Cary Street Partners Investment Advisory LLC grew its holdings in FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after buying an additional 71 shares in the last quarter. Motco increased its position in shares of FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after buying an additional 102 shares during the period. Finally, Rise Advisors LLC increased its position in shares of FedEx by 21.0% during the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after buying an additional 59 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

FDX has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Evercore ISI reduced their price target on shares of FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Daiwa Capital Markets increased their price objective on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Wells Fargo & Company lifted their price objective on FedEx from $250.00 to $280.00 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Finally, Jefferies Financial Group upped their target price on FedEx from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $276.08.

FedEx Price Performance

FDX opened at $267.13 on Monday. The stock has a 50-day moving average price of $241.43 and a 200-day moving average price of $231.94. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $63.03 billion, a P/E ratio of 15.63, a PEG ratio of 1.48 and a beta of 1.31.

FedEx (NYSE:FDX) last announced 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 company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

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.