Matrix Asset Advisors Inc. NY Purchases 6,049 Shares of FedEx Corporation $FDX

Key Points

• Matrix Asset Advisors Inc. NY increased its position in FedEx by 12.4%, acquiring an additional 6,049 shares, bringing its total holdings to 54,682 shares valued at $12.43 million.
• FedEx's latest quarterly earnings report showed EPS of $3.83, beating analyst expectations of $3.71, with revenues of $22.20 billion, surpassing expectations of $21.74 billion.
• The company recently declared a quarterly dividend of $1.45, translating to an annual yield of 2.6% and a payout ratio of 33.86%.

Matrix Asset Advisors Inc. NY raised its position in FedEx Corporation (NYSE:FDX - Free Report) by 12.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,682 shares of the shipping service provider's stock after purchasing an additional 6,049 shares during the quarter. Matrix Asset Advisors Inc. NY's holdings in FedEx were worth $12,430,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of FDX. Abound Financial LLC bought a new position in FedEx in the first quarter valued at about $38,000. WPG Advisers LLC bought a new position in FedEx in the first quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC raised its position in shares of FedEx by 60.7% during the first 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 during the last quarter. Alpine Bank Wealth Management bought a new position in shares of FedEx during the first quarter worth about $65,000. Finally, Motco raised its position in shares of FedEx by 61.8% during the first quarter. Motco now owns 267 shares of the shipping service provider's stock worth $65,000 after acquiring an additional 102 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Trading Down 5.0%

NYSE FDX opened at $225.14 on Friday. The business has a 50 day simple moving average of $230.78 and a 200 day simple moving average of $225.76. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The stock has a market capitalization of $53.12 billion, a P/E ratio of 13.14, a P/E/G ratio of 1.25 and a beta of 1.28. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21.

FedEx (NYSE:FDX - Get Free Report) last announced 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. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. During the same quarter last year, the firm posted $3.60 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research 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. Shareholders of record on Monday, September 8th were paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, September 8th. FedEx's dividend payout ratio (DPR) is 33.86%.

Wall Street Analysts Forecast Growth

FDX has been the subject of a number of analyst reports. Truist Financial restated a "buy" rating and set a $275.00 price objective on shares of FedEx in a research report on Wednesday, June 25th. The Goldman Sachs Group lowered their price objective on FedEx from $290.00 to $276.00 and set a "buy" rating for the company in a research report on Friday, September 12th. Daiwa Capital Markets raised their price objective 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. restated a "neutral" rating and set a $274.00 price objective (down from $284.00) on shares of FedEx in a research report on Wednesday. Finally, Jefferies Financial Group raised their price objective on FedEx from $275.00 to $280.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. One investment 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 given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $271.25.

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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