Radnor Capital Management LLC Cuts Stake in FedEx Corporation $FDX

Key Points

• Radnor Capital Management LLC reduced its stake in FedEx Corporation by 48.4% in Q2, ending up with a holding valued at $871,000.
• FedEx's stock has received various analyst upgrades, with a recent target price increase from $220.00 to $235.00 by Wells Fargo, indicating positive market sentiment.
• The company has announced a quarterly dividend of $1.45 per share, reflecting an annual yield of 2.5%.

Radnor Capital Management LLC lessened its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 48.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,832 shares of the shipping service provider's stock after selling 3,595 shares during the period. Radnor Capital Management LLC's holdings in FedEx were worth $871,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Aaron Wealth Advisors LLC grew its holdings in shares of FedEx by 2.6% during the 1st quarter. Aaron Wealth Advisors LLC now owns 1,875 shares of the shipping service provider's stock worth $457,000 after acquiring an additional 48 shares during the period. SouthState Corp lifted its position in FedEx by 3.5% in the 1st quarter. SouthState Corp now owns 1,431 shares of the shipping service provider's stock valued at $349,000 after acquiring an additional 48 shares in the last quarter. Benin Management CORP lifted its position in FedEx by 0.3% in the 1st quarter. Benin Management CORP now owns 16,198 shares of the shipping service provider's stock valued at $3,949,000 after acquiring an additional 50 shares in the last quarter. Evanson Asset Management LLC lifted its position in FedEx by 6.0% in the 1st quarter. Evanson Asset Management LLC now owns 879 shares of the shipping service provider's stock valued at $214,000 after acquiring an additional 50 shares in the last quarter. Finally, Hendershot Investments Inc. lifted its position in FedEx by 4.3% in the 1st quarter. Hendershot Investments Inc. now owns 1,207 shares of the shipping service provider's stock valued at $294,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Price Performance

FDX stock traded up $5.60 during trading on Friday, reaching $232.10. The company's stock had a trading volume of 8,378,809 shares, compared to its average volume of 1,900,524. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $54.76 billion, a P/E ratio of 13.55, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20. The company's fifty day moving average is $228.84 and its 200-day moving average is $226.62.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly 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 16.43% and a net margin of 4.65%.The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter in the prior year, the business posted $3.60 EPS. FedEx'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. On average, research analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, September 8th. FedEx's dividend payout ratio is presently 34.36%.

Insiders Place Their Bets

In other news, Director Paul S. Walsh sold 3,610 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the transaction, the director owned 15,513 shares in the company, valued at $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the transaction, the director owned 7,720 shares of the company's stock, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,343 shares of company stock worth $2,228,816. Corporate insiders own 0.53% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FDX shares. Stifel Nicolaus lowered their price objective on FedEx from $308.00 to $296.00 and set a "buy" rating on the stock in a research report on Wednesday. Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. UBS Group increased their price target on FedEx from $293.00 to $314.00 and gave the company a "buy" rating in a report on Friday. Sanford C. Bernstein lowered their price target on FedEx from $249.00 to $247.00 and set a "market perform" rating on the stock in a report on Tuesday. Finally, Barclays reissued an "overweight" rating and set a $320.00 price target (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, FedEx presently has an average rating of "Moderate Buy" and a consensus target price of $275.85.

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.