Phoenix Financial Ltd. Sells 1,224 Shares of FedEx Corporation $FDX

Key Points

• Phoenix Financial Ltd. reduced its ownership in FedEx by 52.1%, selling 1,224 shares and now holding 1,124 shares valued at $255,000.
• FedEx reported earnings of $3.83 per share, exceeding analysts' estimates of $3.71, with quarterly revenue of $22.20 billion, marking a 3.1% year-over-year increase.
• The company announced a quarterly dividend of $1.45, resulting in an annualized dividend yield of 2.4%, with a payout ratio of 33.86%.

Phoenix Financial Ltd. lessened its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 52.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,124 shares of the shipping service provider's stock after selling 1,224 shares during the quarter. Phoenix Financial Ltd.'s holdings in FedEx were worth $255,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Avidian Wealth Enterprises LLC boosted its stake in shares of FedEx by 10.6% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 1,226 shares of the shipping service provider's stock worth $279,000 after acquiring an additional 117 shares in the last quarter. FLC Capital Advisors boosted its stake in shares of FedEx by 13.1% during the 2nd quarter. FLC Capital Advisors now owns 2,399 shares of the shipping service provider's stock worth $545,000 after acquiring an additional 277 shares in the last quarter. Cidel Asset Management Inc. boosted its stake in shares of FedEx by 7.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 2,804 shares of the shipping service provider's stock worth $637,000 after acquiring an additional 193 shares in the last quarter. Forvis Mazars Wealth Advisors LLC boosted its stake in shares of FedEx by 3.6% during the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 1,666 shares of the shipping service provider's stock worth $379,000 after acquiring an additional 58 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of FedEx by 59.9% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 2,710 shares of the shipping service provider's stock worth $645,000 after acquiring an additional 1,015 shares in the last quarter. Institutional investors own 84.47% of the company's stock.

FedEx Trading Down 1.5%

FedEx stock opened at $239.25 on Thursday. The business has a 50 day moving average price of $232.63 and a two-hundred day moving average price of $225.96. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The stock has a market cap of $56.45 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.35 and a beta of 1.28. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping 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 business had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. During the same period in the prior year, the firm posted $3.60 EPS. 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, equities analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders 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 dividend yield of 2.4%. FedEx's dividend payout ratio is presently 33.86%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Daiwa Capital Markets boosted 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. Cowen reissued a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. Evercore ISI cut their price objective on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Vertical Research cut their price objective on FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Finally, UBS Group boosted their price objective on FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued 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 company presently has an average rating of "Moderate Buy" and an average target price of $271.83.

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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