Fort Washington Investment Advisors Inc. OH Has $1.18 Million Stake in FedEx Corporation $FDX

Fort Washington Investment Advisors Inc. OH decreased its stake in FedEx Corporation (NYSE:FDX) by 95.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,199 shares of the shipping service provider’s stock after selling 106,056 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in FedEx were worth $1,182,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. Aaron Wealth Advisors LLC raised its holdings in shares of FedEx by 2.6% in the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider’s stock valued at $457,000 after purchasing an additional 48 shares during the period. SouthState Corp grew its stake in shares of FedEx by 3.5% in the first quarter. SouthState Corp now owns 1,431 shares of the shipping service provider’s stock valued at $349,000 after acquiring an additional 48 shares in the last quarter. Benin Management CORP grew its position in shares of FedEx by 0.3% during the 1st quarter. Benin Management CORP now owns 16,198 shares of the shipping service provider’s stock worth $3,949,000 after purchasing an additional 50 shares in the last quarter. Evanson Asset Management LLC increased its stake in FedEx by 6.0% during the 1st quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider’s stock worth $214,000 after acquiring an additional 50 shares during the period. Finally, Hendershot Investments Inc. raised its stake in FedEx by 4.3% in the first quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider’s stock valued at $294,000 after purchasing an additional 50 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

FedEx Trading Down 0.5%

NYSE:FDX opened at $236.53 on Tuesday. 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 firm’s 50 day moving average is $229.52 and its 200 day moving average is $225.86. The stock has a market capitalization of $55.81 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 1.32 and a beta of 1.20.

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 the consensus estimate of $3.71 by $0.12. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx’s revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be issued a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.5%. FedEx’s dividend payout ratio is 33.86%.

Insiders Place Their Bets

In other news, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the transaction, the director owned 15,513 shares in the company, valued at $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of the company’s stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the sale, the director owned 7,720 shares in the company, valued at $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock worth $2,228,816 over the last quarter. 0.53% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Daiwa Capital Markets upped their target price on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, September 22nd. Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Wolfe Research raised their price objective on FedEx from $244.00 to $254.00 and gave the stock an “outperform” rating in a research report on Friday, September 19th. Sanford C. Bernstein boosted their price objective on FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research note on Monday, September 22nd. Finally, Truist Financial reiterated a “buy” rating and issued a $275.00 price target on shares of FedEx in a report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average price target of $271.67.

FedEx Company 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.