FedEx Corporation $FDX Stock Holdings Cut by Parkside Investments LLC

Key Points

• Parkside Investments LLC has reduced its holdings in FedEx by 35.2% in Q2, now owning 13,768 shares worth approximately $3.13 million.
• Several analysts have adjusted their ratings on FedEx, with Daiwa Capital Markets raising its target price to $240.00 while BNP Paribas Exane upgraded the stock to "outperform."
• FedEx's latest earnings report revealed a quarterly earnings per share (EPS) of $3.83, exceeding expectations and marking a 3.1% year-over-year revenue increase.

Parkside Investments LLC reduced its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 35.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,768 shares of the shipping service provider's stock after selling 7,491 shares during the quarter. Parkside Investments LLC's holdings in FedEx were worth $3,130,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. Abound Financial LLC acquired a new stake in shares of FedEx in the first quarter worth $38,000. WPG Advisers LLC acquired a new stake in shares of FedEx in the first quarter worth $43,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after buying an additional 71 shares during the period. SOA Wealth Advisors LLC. boosted its position in shares of FedEx by 60.6% in the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock worth $61,000 after buying an additional 94 shares during the period. Finally, Alpine Bank Wealth Management acquired a new stake in shares of FedEx in the first quarter worth $65,000. 84.47% of the stock is owned by institutional investors.

Insider Buying and Selling at FedEx

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the sale, the director owned 7,720 shares in the company, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the sale, the director owned 8,935 shares of the company's stock, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,343 shares of company stock worth $2,228,816. Insiders own 0.53% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on FDX shares. Daiwa Capital Markets raised their target price on FedEx from $232.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. cut their price objective on FedEx from $285.00 to $284.00 and set an "overweight" rating for the company in a report on Friday, September 19th. BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a report on Thursday, July 3rd. Wall Street Zen upgraded FedEx from a "hold" rating to a "buy" rating in a report on Friday. Finally, Stifel Nicolaus cut their target price on FedEx from $308.00 to $296.00 and set a "buy" rating on the stock in a report on Wednesday, September 17th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $271.67.

FedEx Stock Performance

NYSE:FDX opened at $236.53 on Tuesday. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The firm has a 50 day moving average of $229.52 and a 200-day moving average of $225.86. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $55.81 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 1.32 and a beta of 1.20.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. During the same quarter in the previous year, the company posted $3.60 earnings per share. FedEx's quarterly revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be given a dividend of $1.45 per share. The ex-dividend date is Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. FedEx's payout ratio is presently 33.86%.

FedEx Company 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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