FedEx Corporation $FDX Shares Sold by Birmingham Capital Management Co. Inc. AL

Key Points

• Birmingham Capital Management Co. Inc. trimmed its holdings in FedEx Corporation by 12.3% during the second quarter, resulting in a total ownership of 10,350 shares valued at $2,353,000.
• FedEx reported earnings of $3.83 per share for the quarter, exceeding analyst estimates, and had a revenue increase of 3.1% year-over-year.
• A recent quarterly dividend of $1.45 per share was paid, equating to an annualized yield of 2.4% and a payout ratio of 33.86%.

Birmingham Capital Management Co. Inc. AL trimmed its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 12.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,350 shares of the shipping service provider's stock after selling 1,450 shares during the quarter. Birmingham Capital Management Co. Inc. AL's holdings in FedEx were worth $2,353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Abound Financial LLC acquired a new stake in shares of FedEx during the 1st quarter worth about $38,000. WPG Advisers LLC acquired a new stake in shares of FedEx during the 1st quarter worth about $43,000. Cary Street Partners Investment Advisory LLC grew its position in FedEx by 60.7% in 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 acquiring an additional 71 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in FedEx in the 1st quarter valued at about $65,000. Finally, Motco grew 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 acquiring an additional 102 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Performance

Shares of FDX opened at $238.55 on Monday. The stock has a 50-day simple moving average of $231.90 and a 200-day simple moving average of $225.54. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The stock has a market capitalization of $56.29 billion, a PE ratio of 13.93, a PEG ratio of 1.33 and a beta of 1.28. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last posted its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.12. The firm had revenue of $22.20 billion during 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 firm's revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on FDX. Raymond James Financial reaffirmed an "outperform" rating and issued a $255.00 target price on shares of FedEx in a research report on Thursday, September 18th. Cowen reaffirmed a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. Stifel Nicolaus dropped their target price on FedEx from $308.00 to $296.00 and set a "buy" rating for the company in a research report on Wednesday, September 17th. Evercore ISI dropped their target price on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Finally, Wells Fargo & Company lifted their price objective on FedEx from $235.00 to $250.00 and gave the company an "equal weight" rating in a research note on Friday, September 19th. One equities research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $271.83.

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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