Columbia Asset Management Has $302,000 Stock Position in FedEx Corporation $FDX

Key Points

• Columbia Asset Management significantly reduced its holdings in FedEx Corporation by 99.0%, bringing its position down to 1,328 shares valued at $302,000 after selling 134,999 shares in the second quarter.
• Despite the reduction by Columbia, other investors have increased their stakes, with several firms like Sage Capital Advisors and Golden State Wealth Management boosting their holdings, indicating ongoing confidence in FedEx.
• FedEx's recent quarterly earnings report showed an earnings per share of $3.83 and revenue of $22.20 billion, both surpassing analysts' expectations and demonstrating a year-over-year revenue increase of 3.1%.

Columbia Asset Management lowered its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 99.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,328 shares of the shipping service provider's stock after selling 134,999 shares during the period. Columbia Asset Management's holdings in FedEx were worth $302,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its holdings in FedEx by 21.1% in the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock worth $88,000 after acquiring an additional 63 shares in the last quarter. Sivia Capital Partners LLC bought a new position in FedEx in the second quarter worth approximately $586,000. Sage Capital Advisors llc boosted its holdings in 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 acquiring an additional 20,024 shares in the last quarter. Value Partners Investments Inc. boosted its holdings in FedEx by 26.4% in the second quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider's stock worth $41,247,000 after acquiring an additional 37,950 shares in the last quarter. Finally, Xcel Wealth Management LLC bought a new position in FedEx in the second quarter worth approximately $1,200,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Vertical Research cut their price target on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. TD Cowen increased their price target on FedEx from $269.00 to $271.00 and gave the stock a "buy" rating in a report on Friday, September 19th. JPMorgan Chase & Co. cut their price target on FedEx from $285.00 to $284.00 and set an "overweight" rating on the stock in a report on Friday, September 19th. The Goldman Sachs Group dropped their target price on FedEx from $290.00 to $276.00 and set a "buy" rating on the stock in a report on Friday, September 12th. Finally, Bank of America raised their target price on FedEx from $240.00 to $244.00 and gave the company a "neutral" rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $271.67.

FedEx Stock Performance

Shares of FDX stock opened at $235.73 on Wednesday. The firm has a market cap of $55.62 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.31 and a beta of 1.20. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The firm's 50-day simple moving average is $229.60 and its two-hundred day simple moving average is $225.93.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be given a $1.45 dividend. 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 payout ratio is currently 33.86%.

Insiders Place Their Bets

In other FedEx 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 sale, the director owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the sale, the director directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,343 shares of company stock valued at $2,228,816. Company insiders own 0.53% of the company's stock.

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.

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