FedEx Corporation $FDX Shares Sold by Tweedy Browne Co LLC

Key Points

• Tweedy Browne Co LLC decreased its holdings in FedEx by 1.0%, now owning 114,047 shares, which represent 2.4% of its portfolio.
• FedEx's stock has seen various analysts adjust their targets; Barclays set it at $320.00, while Goldman Sachs lowered it to $276.00.
• The company reported earnings per share of $3.83 for the last quarter, exceeding expectations, along with a 3.1% year-over-year revenue increase.

Tweedy Browne Co LLC trimmed its position in FedEx Corporation (NYSE:FDX - Free Report) by 1.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,047 shares of the shipping service provider's stock after selling 1,166 shares during the quarter. FedEx accounts for 2.4% of Tweedy Browne Co LLC's portfolio, making the stock its 10th largest position. Tweedy Browne Co LLC's holdings in FedEx were worth $25,924,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Arista Wealth Management LLC acquired a new position in FedEx during the second quarter worth $227,000. Stratos Wealth Partners LTD. raised its position in FedEx by 5.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 9,436 shares of the shipping service provider's stock valued at $2,145,000 after buying an additional 513 shares during the last quarter. Omnia Family Wealth LLC raised its position in FedEx by 11.8% in the 2nd quarter. Omnia Family Wealth LLC now owns 916 shares of the shipping service provider's stock valued at $209,000 after buying an additional 97 shares during the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in FedEx in the 2nd quarter valued at approximately $479,000. Finally, WealthPlan Investment Management LLC increased its position in shares of FedEx by 3.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider's stock worth $327,000 after purchasing an additional 44 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FDX has been the topic of a number of recent analyst reports. Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. Barclays reaffirmed an "overweight" rating and issued a $320.00 target price (down previously from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Daiwa Capital Markets increased their price target on FedEx from $232.00 to $240.00 and gave the company a "neutral" rating in a research note on Monday, September 22nd. Bank of America upped their target price on FedEx from $240.00 to $244.00 and gave the company a "neutral" rating in a research report on Friday, September 19th. Finally, The Goldman Sachs Group cut their price target on FedEx from $290.00 to $276.00 and set a "buy" rating on the stock in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $271.83.

FedEx Trading Up 0.5%

Shares of FDX stock opened at $236.91 on Friday. The firm has a market cap of $55.90 billion, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.28. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The business has a 50-day moving average price of $231.68 and a two-hundred day moving average price of $225.63. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx'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 EPS. 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 fiscal year.

FedEx Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. 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.

Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Corporation (NYSE:FDX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.