Moloney Securities Asset Management LLC Lowers Stock Holdings in FedEx Corporation $FDX

Moloney Securities Asset Management LLC cut its position in FedEx Corporation (NYSE:FDX) by 20.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,197 shares of the shipping service provider’s stock after selling 310 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in FedEx were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Abound Financial LLC acquired a new stake in shares of FedEx during the first quarter worth about $38,000. WPG Advisers LLC acquired a new stake in FedEx during the 1st quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC lifted 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 worth $46,000 after buying an additional 71 shares in the last quarter. Motco boosted its position in FedEx by 61.8% in the 1st 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 grew its stake in shares of FedEx by 21.0% in the first quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after acquiring an additional 59 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analysts Set New Price Targets

FDX has been the subject of a number of recent research reports. BMO Capital Markets decreased their target price on FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a report on Friday, September 19th. BNP Paribas Exane raised FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price objective for the company in a research report on Thursday, July 3rd. Sanford C. Bernstein upped their target price on shares of FedEx from $247.00 to $250.00 and gave the stock a “market perform” rating in a research note on Monday, September 22nd. Stephens reiterated an “overweight” rating and issued a $260.00 price target on shares of FedEx in a research note on Tuesday, October 14th. Finally, UBS Group boosted their price target on shares of FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $271.83.

FedEx Trading Up 1.3%

Shares of FedEx stock opened at $241.24 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The stock has a market cap of $56.92 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 1.34 and a beta of 1.28. The company has a fifty day simple moving average of $233.05 and a 200-day simple moving average of $226.69.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The business 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%.The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is 33.86%.

About FedEx

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.