Ashton Thomas Private Wealth LLC Sells 955 Shares of FedEx Corporation $FDX

Ashton Thomas Private Wealth LLC decreased its holdings in FedEx Corporation (NYSE:FDX) by 12.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,848 shares of the shipping service provider’s stock after selling 955 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in FedEx were worth $1,566,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of FDX. Valeo Financial Advisors LLC grew its stake in shares of 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 worth $850,948,000 after purchasing an additional 3,730,273 shares during the last quarter. Nuveen LLC bought a new stake in shares of FedEx in the first quarter worth $314,650,000. ACR Alpine Capital Research LLC grew its stake in shares of FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock worth $386,399,000 after purchasing an additional 732,266 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock worth $4,994,848,000 after purchasing an additional 289,655 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of FedEx by 302.6% in the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock worth $85,883,000 after purchasing an additional 264,792 shares during the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

FDX stock opened at $249.77 on Wednesday. The stock has a market capitalization of $58.94 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.38 and a beta of 1.28. The company’s 50-day moving average is $233.78 and its 200-day moving average is $227.26. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio is 33.86%.

Analyst Upgrades and Downgrades

FDX has been the topic of several analyst reports. BMO Capital Markets reduced their price objective on shares of FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a research note on Friday, September 19th. Vertical Research cut their price target on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Wall Street Zen raised shares of FedEx from a “hold” rating to a “buy” rating in a research report on Sunday, October 12th. UBS Group upped their price target on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Sanford C. Bernstein upped their price target on shares of FedEx from $247.00 to $250.00 and gave the company a “market perform” rating in a research report on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $271.83.

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.