FedEx Corporation $FDX Holdings Decreased by Berkshire Bank

Berkshire Bank reduced its stake in shares of FedEx Corporation (NYSE:FDX) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,872 shares of the shipping service provider’s stock after selling 64 shares during the quarter. Berkshire Bank’s holdings in FedEx were worth $1,562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FDX. Abound Financial LLC bought a new stake in FedEx in the first quarter worth about $38,000. Ameriflex Group Inc. bought a new stake in FedEx in the fourth quarter worth about $43,000. WPG Advisers LLC bought a new stake in FedEx in the first quarter worth about $43,000. Cary Street Partners Investment Advisory LLC raised its position in 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 acquiring an additional 71 shares in the last quarter. Finally, SOA Wealth Advisors LLC. raised its position in 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 acquiring an additional 94 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Trading Up 0.9%

Shares of NYSE FDX opened at $227.62 on Wednesday. The stock has a market cap of $53.71 billion, a price-to-earnings ratio of 13.48, a PEG ratio of 1.27 and a beta of 1.20. The business has a 50 day simple moving average of $229.37 and a 200 day simple moving average of $226.95. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating the consensus estimate of $5.98 by $0.09. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same quarter in the previous year, the business posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

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

Insider Activity at FedEx

In other news, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction that occurred on 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 $1,829,176.80. This trade represents a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the business’s stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FDX. JPMorgan Chase & Co. dropped their price target on shares of FedEx from $290.00 to $285.00 and set an “overweight” rating on the stock in a research report on Friday, September 5th. Susquehanna boosted their price target on shares of FedEx from $290.00 to $295.00 and gave the stock a “positive” rating in a research report on Wednesday, June 25th. Wells Fargo & Company boosted their price target on shares of FedEx from $220.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 25th. Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. Finally, BNP Paribas Exane upgraded FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price objective on the stock in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, FedEx has an average rating of “Moderate Buy” and a consensus target price of $282.46.

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.