FedEx Corporation $FDX Stock Position Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its position in FedEx Corporation (NYSE:FDX) by 8.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 71,125 shares of the shipping service provider’s stock after selling 6,335 shares during the period. Nisa Investment Advisors LLC’s holdings in FedEx were worth $20,360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FDX. BlackRock Inc. purchased a new stake in FedEx during the second quarter worth $6,508,103,000. Primecap Management Co. CA acquired a new stake in FedEx in the second quarter valued at $2,554,138,000. Bank of America Corp DE acquired a new stake in FedEx in the second quarter valued at $579,171,000. Bank of New York Mellon Corp purchased a new position in shares of FedEx in the second quarter valued at $466,943,000. Finally, Legal & General Group Plc purchased a new position in shares of FedEx in the second quarter valued at $448,121,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Price Performance

FDX stock opened at $298.42 on Thursday. FedEx Corporation has a 1 year low of $187.62 and a 1 year high of $345.36. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.44 and a current ratio of 1.48. The stock’s 50 day moving average price is $307.79 and its 200 day moving average price is $332.80. The firm has a market cap of $70.63 billion, a P/E ratio of 14.78, a PEG ratio of 1.53 and a beta of 1.28.

FedEx (NYSE:FDX) last announced its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 EPS for the quarter. The firm had revenue of $23.26 billion for the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. On average, sell-side analysts expect that FedEx Corporation will post 18.27 earnings per share for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Monday, September 14th were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, September 14th. FedEx’s payout ratio is 26.36%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Sanford C. Bernstein set a $397.00 price target on FedEx in a research note on Wednesday, June 24th. BNP Paribas Exane boosted their price objective on shares of FedEx from $269.80 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 30th. Wall Street Zen raised shares of FedEx to a “hold” rating in a research note on Saturday, August 8th. Stifel Nicolaus dropped their target price on shares of FedEx from $442.00 to $326.00 and set a “buy” rating for the company in a report on Wednesday, June 24th. Finally, Weiss Ratings downgraded shares of FedEx from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $354.64.

Trending Headlines about FedEx

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Raymond James raised its price target for FedEx to $340, signaling that the analyst sees potential upside as the streamlined company works to improve earnings after separating FedEx Freight. Raymond James raises FedEx price target
• Positive Sentiment: FedEx extended its infrastructure-software agreement with Broadcom. The partnership is intended to optimize FedEx’s global digital infrastructure, which could support network efficiency and long-term technology investments, although the immediate earnings impact is unclear. Broadcom announces continued infrastructure agreement with FedEx
• Neutral Sentiment: FedEx is scheduled to report results after the market closes next Wednesday, its first report since the freight separation and shift to a calendar-year reporting schedule. Investors will focus on whether the leaner structure is translating into stronger earnings and guidance. FedEx is leaner after its freight spin
• Neutral Sentiment: The former freight division, now separately traded as FedEx Freight, is generating more revenue per shipment despite declining volumes. Its results may provide context on the logistics market, but they no longer directly flow into FedEx’s reported results. FedEx Freight shipment and margin outlook
• Negative Sentiment: A FedEx truck robbery involving nearly $1 million of collectible Pokémon and sports cards could create limited claims costs and reputational concerns, though the incident is unlikely to materially affect FedEx’s overall financial results. Collectible cards stolen from FedEx truck

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company headquartered in Memphis, Tennessee. Through its operating companies, FedEx provides time-definite express delivery, ground shipping, freight transportation, customs brokerage, logistics and supply chain services for businesses, governments and consumers.

The company’s services include domestic and international package delivery, less-than-truckload freight transportation, warehousing, fulfillment, supply chain management and specialized logistics solutions.