Moran Wealth Management LLC Decreases Stock Holdings in FedEx Corporation $FDX

Moran Wealth Management LLC reduced its position in FedEx Corporation (NYSE:FDX) by 1.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,677 shares of the shipping service provider’s stock after selling 1,760 shares during the period. Moran Wealth Management LLC’s holdings in FedEx were worth $21,854,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Valeo Financial Advisors LLC boosted its stake in FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares in the last quarter. Norges Bank purchased a new stake in shares of FedEx during the 2nd quarter valued at $605,497,000. AQR Capital Management LLC boosted its position in shares of FedEx by 750.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,015,627 shares of the shipping service provider’s stock worth $230,862,000 after purchasing an additional 896,271 shares in the last quarter. Dodge & Cox grew its stake in FedEx by 4.7% during the 2nd quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after buying an additional 649,426 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in FedEx by 228.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 795,495 shares of the shipping service provider’s stock worth $180,824,000 after buying an additional 553,628 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 0.2%

Shares of FedEx stock opened at $307.23 on Thursday. The stock has a market cap of $72.23 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.53 and a beta of 1.35. The firm has a fifty day moving average price of $276.71 and a 200 day moving average price of $247.99. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $310.64. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The company had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. During the same period in the prior year, the company earned $4.05 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were issued a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, December 15th. FedEx’s payout ratio is 31.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Jefferies Financial Group increased their price target on FedEx from $315.00 to $326.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Wells Fargo & Company increased their price objective on shares of FedEx from $290.00 to $295.00 and gave the company an “equal weight” rating in a research report on Friday, December 19th. Cowen reiterated a “buy” rating on shares of FedEx in a research note on Friday, December 19th. The Goldman Sachs Group upped their price target on shares of FedEx from $301.00 to $317.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Finally, Vertical Research decreased their price target on shares of FedEx from $280.00 to $275.00 in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $298.92.

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.