FedEx Corporation $FDX Stake Cut by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. has decreased its stake in FedEx Corporation by 24.4% during the 2nd quarter, resulting in holdings worth approximately $2,451,000.
• FedEx recently reported earnings of $3.83 EPS for the quarter, exceeding analysts' expectations, with a revenue of $22.20 billion, up 3.1% year-over-year.
• Analysts have mixed target prices for FedEx, with estimates ranging from $239.00 to $300.00 and a consensus rating of "Moderate Buy".

Envestnet Portfolio Solutions Inc. reduced its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 24.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,784 shares of the shipping service provider's stock after selling 3,487 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in FedEx were worth $2,451,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on FDX shares. Susquehanna upped their target price on FedEx from $285.00 to $300.00 and gave the stock a "positive" rating in a research report on Friday, September 19th. Truist Financial set a $285.00 target price on FedEx in a research report on Tuesday. The Goldman Sachs Group dropped their target price on FedEx from $290.00 to $276.00 and set a "buy" rating on the stock in a research report on Friday, September 12th. Evercore ISI dropped their target price on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Finally, Cowen reaffirmed a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. One 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 given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $271.83.

FedEx Stock Performance

Shares of NYSE FDX opened at $236.91 on Friday. 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 firm has a market cap of $55.90 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 1.31 and a beta of 1.28. The business's 50-day simple moving average is $231.68 and its 200-day simple moving average is $225.63. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, beating analysts' consensus estimates of $3.71 by $0.12. The business 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 firm's revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, equities research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal 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 $1.45 dividend. 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 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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