Rhumbline Advisers Sells 2,895 Shares of FedEx Corporation $FDX

Rhumbline Advisers cut its position in FedEx Corporation (NYSE:FDX) by 0.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 408,029 shares of the shipping service provider’s stock after selling 2,895 shares during the period. Rhumbline Advisers owned about 0.17% of FedEx worth $96,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in FedEx by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider’s stock worth $4,705,391,000 after buying an additional 211,165 shares in the last quarter. Dodge & Cox boosted its stake in shares of FedEx by 4.7% in the second quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after acquiring an additional 649,426 shares during the period. Geode Capital Management LLC grew its position in shares of FedEx by 0.6% during the second quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock worth $1,124,524,000 after purchasing an additional 28,450 shares in the last quarter. Franklin Resources Inc. grew its position in shares of FedEx by 2.1% during the second quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider’s stock worth $1,033,208,000 after purchasing an additional 94,136 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in FedEx by 7.5% in the 2nd quarter. Invesco Ltd. now owns 3,510,472 shares of the shipping service provider’s stock worth $797,965,000 after purchasing an additional 245,479 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 0.2%

FDX opened at $367.07 on Thursday. The stock has a 50-day moving average of $307.65 and a 200 day moving average of $264.36. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $374.80. The firm has a market cap of $86.31 billion, a P/E ratio of 20.24, a P/E/G ratio of 1.85 and a beta of 1.34.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a return on equity of 16.63% and a net margin of 4.81%.The business had revenue of $23.47 billion during the quarter, compared to analyst estimates of $22.79 billion. During the same period last year, the company earned $4.05 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, research analysts forecast that FedEx Corporation will post 19.14 EPS 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 paid a $1.45 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 1.6%. FedEx’s dividend payout ratio is currently 31.97%.

Analyst Ratings Changes

FDX has been the topic of several recent analyst reports. Oppenheimer reiterated a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. Stifel Nicolaus set a $328.00 price target on shares of FedEx in a report on Friday, December 19th. Raymond James Financial increased their price objective on shares of FedEx from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. JPMorgan Chase & Co. restated a “neutral” rating on shares of FedEx in a research report on Tuesday, January 20th. Finally, UBS Group boosted their target price on FedEx from $314.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $319.26.

FedEx Company 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.