Pettyjohn Wood & White Inc. Trims Stake in FedEx Corporation $FDX

Pettyjohn Wood & White Inc. reduced its stake in FedEx Corporation (NYSE:FDX) by 12.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,914 shares of the shipping service provider’s stock after selling 3,003 shares during the quarter. Pettyjohn Wood & White Inc.’s holdings in FedEx were worth $4,754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its holdings in FedEx by 24.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 262,121 shares of the shipping service provider’s stock worth $59,583,000 after acquiring an additional 51,294 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in FedEx during the second quarter valued at approximately $586,000. Sage Capital Advisors llc boosted its position in shares of FedEx by 136.5% in the second quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock worth $7,887,000 after purchasing an additional 20,024 shares during the period. Jackson Thornton Wealth Management LLC purchased a new stake in shares of FedEx in the second quarter worth $298,000. Finally, Value Partners Investments Inc. lifted its stake in shares of FedEx by 26.4% during the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock valued at $41,247,000 after buying an additional 37,950 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

NYSE:FDX opened at $269.55 on Friday. The firm has a market capitalization of $63.60 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 1.40 and a beta of 1.31. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The business has a 50 day simple moving average of $245.20 and a 200-day simple moving average of $233.55. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53.

FedEx (NYSE:FDX) last released its earnings results 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 firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.2%. FedEx’s dividend payout ratio is currently 33.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FDX shares. Wolfe Research upped their price objective on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. Jefferies Financial Group lifted their price target on shares of FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a report on Friday, September 19th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of FedEx in a research note on Thursday, November 13th. TD Cowen raised their price objective on FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Finally, Citigroup increased their price target on FedEx from $279.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $276.13.

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.