FedEx Corporation $FDX Shares Sold by IFP Advisors Inc

Key Points

• IFP Advisors Inc significantly reduced its holdings in FedEx Corporation by 68.8%, selling nearly 5,000 shares and bringing its total to 2,232 shares valued at $519,000.
• Several analysts have provided mixed ratings on FedEx, with one raising their target price to $244, while others suggest the stock might be a "moderate buy" with a consensus target of $271.83.
• FedEx recently reported earnings exceeding estimates with $3.83 earnings per share and a revenue of $22.20 billion, marking a 3.1% increase from the previous year.

IFP Advisors Inc lowered its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 68.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,232 shares of the shipping service provider's stock after selling 4,917 shares during the period. IFP Advisors Inc's holdings in FedEx were worth $519,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC grew its holdings in FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock valued at $88,000 after purchasing an additional 63 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in FedEx during the 2nd quarter valued at $586,000. Sage Capital Advisors llc grew its holdings in FedEx by 136.5% during the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider's stock valued at $7,887,000 after purchasing an additional 20,024 shares in the last quarter. Value Partners Investments Inc. grew its holdings in 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 purchasing an additional 37,950 shares in the last quarter. Finally, Xcel Wealth Management LLC acquired a new stake in FedEx during the 2nd quarter valued at $1,200,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Vertical Research lowered their price target on shares of FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Bank of America raised their price target on shares of FedEx from $240.00 to $244.00 and gave the company a "neutral" rating in a report on Friday, September 19th. Dbs Bank raised shares of FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. Stephens reissued an "overweight" rating and set a $260.00 price objective on shares of FedEx in a report on Tuesday. Finally, Wall Street Zen raised shares of FedEx from a "hold" rating to a "buy" rating in a report on Sunday. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $271.83.

FedEx Trading Up 2.2%

FedEx stock opened at $234.64 on Wednesday. The company has a market cap of $55.36 billion, a P/E ratio of 13.70, a PEG ratio of 1.28 and a beta of 1.28. The firm's 50-day moving average is $231.26 and its 200-day moving average is $225.61. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. 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, 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 net margin of 4.65% and a return on equity of 16.33%. FedEx's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were given a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.5%. FedEx's dividend payout ratio (DPR) is currently 33.86%.

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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