FedEx Corporation $FDX Shares Sold by D.A. Davidson & CO.

Key Points

• D.A. Davidson & CO. reduced its holdings in FedEx Corporation by 2.8%, selling 1,263 shares, leaving them with 43,790 shares worth approximately $9.95 million.
• Several institutional investors recently increased their stakes in FedEx, with Spire Wealth Management leading at a 25.4% increase, now holding 888 shares.
• FedEx reported earnings of $3.83 per share for the last quarter, exceeding expectations, with a revenue of $22.20 billion, which is a 3.1% increase year-over-year.

D.A. Davidson & CO. lowered its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 2.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,790 shares of the shipping service provider's stock after selling 1,263 shares during the period. D.A. Davidson & CO.'s holdings in FedEx were worth $9,954,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in FDX. Brighton Jones LLC boosted its stake in shares of FedEx by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider's stock valued at $514,000 after purchasing an additional 207 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of FedEx by 4.9% in the first quarter. Asset Management One Co. Ltd. now owns 102,117 shares of the shipping service provider's stock valued at $24,894,000 after purchasing an additional 4,766 shares during the period. Edmp Inc. boosted its stake in shares of FedEx by 5.0% in the first quarter. Edmp Inc. now owns 5,211 shares of the shipping service provider's stock valued at $1,270,000 after purchasing an additional 247 shares during the period. Strategic Investment Advisors MI boosted its stake in shares of FedEx by 19.6% in the first quarter. Strategic Investment Advisors MI now owns 8,713 shares of the shipping service provider's stock valued at $2,124,000 after purchasing an additional 1,429 shares during the period. Finally, Spire Wealth Management boosted its stake in shares of FedEx by 25.4% in the first quarter. Spire Wealth Management now owns 888 shares of the shipping service provider's stock valued at $216,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 84.47% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on FDX. Daiwa Capital Markets upped their target price on shares of FedEx from $232.00 to $240.00 and gave the company a "neutral" rating in a research note on Monday, September 22nd. The Goldman Sachs Group decreased their target price on shares of FedEx from $290.00 to $276.00 and set a "buy" rating for the company in a research note on Friday, September 12th. Susquehanna upped their target price on shares of FedEx from $285.00 to $300.00 and gave the company a "positive" rating in a research note on Friday, September 19th. Truist Financial set a $285.00 price objective on shares of FedEx in a research note on Tuesday, October 14th. Finally, Cowen reiterated a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, FedEx has a consensus rating of "Moderate Buy" and a consensus price target of $271.83.

FedEx Stock Down 1.5%

Shares of NYSE:FDX opened at $239.25 on Thursday. The stock has a market capitalization of $56.45 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The company's fifty day moving average is $232.63 and its two-hundred day moving average is $225.96. 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 earnings results 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 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 firm's revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

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

About FedEx

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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