FedEx Corporation $FDX Position Decreased by Check Capital Management Inc. CA

Key Points

• Check Capital Management Inc. CA reduced its position in FedEx Corporation by 0.8%, now owning 198,927 shares, making it the fund's 9th largest position.
• FedEx reported $3.83 earnings per share for the latest quarter, exceeding analysts' expectations, with revenue of $22.20 billion.
• The company recently declared a quarterly dividend of $1.45, with an annualized dividend yield of 2.6% and a payout ratio of 33.86%.

Check Capital Management Inc. CA cut its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 198,927 shares of the shipping service provider's stock after selling 1,695 shares during the quarter. FedEx makes up about 1.5% of Check Capital Management Inc. CA's investment portfolio, making the stock its 9th largest position. Check Capital Management Inc. CA owned 0.08% of FedEx worth $45,218,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of FDX. Abound Financial LLC bought a new position in shares of FedEx during the 1st quarter valued at about $38,000. WPG Advisers LLC bought a new position in shares of FedEx during the 1st quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC increased its position in shares of 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 valued at $46,000 after purchasing an additional 71 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of FedEx during the 1st quarter valued at about $65,000. Finally, Motco increased its position in shares of FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider's stock valued at $65,000 after purchasing an additional 102 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

Shares of FDX stock opened at $225.14 on Friday. The firm has a market cap of $53.12 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.25 and a beta of 1.28. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The business's 50 day moving average price is $230.78 and its 200-day moving average price is $225.76. 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 (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts' consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion for 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%.The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, September 8th. FedEx's dividend payout ratio (DPR) is currently 33.86%.

Analyst Ratings Changes

FDX has been the topic of several recent research reports. UBS Group increased their price objective on FedEx from $293.00 to $314.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Barclays reaffirmed an "overweight" rating and issued a $320.00 price target (down from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. Cowen reaffirmed a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. Bank of America lifted their price target on FedEx from $240.00 to $244.00 and gave the stock a "neutral" rating in a research note on Friday, September 19th. Finally, TD Cowen lifted their price target on FedEx from $269.00 to $271.00 and gave the stock a "buy" rating in a research note on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $271.25.

FedEx 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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