QRG Capital Management Inc. Has $6.88 Million Stock Holdings in FedEx Corporation $FDX

QRG Capital Management Inc. cut its position in FedEx Corporation (NYSE:FDX) by 58.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,259 shares of the shipping service provider’s stock after selling 42,047 shares during the period. QRG Capital Management Inc.’s holdings in FedEx were worth $6,878,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Abound Financial LLC acquired a new stake in shares of FedEx in the 1st quarter valued at about $38,000. WPG Advisers LLC acquired a new stake in shares of FedEx in the 1st quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after buying an additional 71 shares during the period. SOA Wealth Advisors LLC. grew its stake in shares of FedEx by 60.6% in the 1st quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider’s stock valued at $61,000 after buying an additional 94 shares during the period. Finally, Alpine Bank Wealth Management acquired a new position in FedEx during the 1st quarter valued at about $65,000. 84.47% of the stock is currently owned by institutional investors and hedge funds.

FedEx Price Performance

Shares of NYSE FDX opened at $244.14 on Monday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The stock’s 50 day moving average price is $229.77 and its 200-day moving average price is $225.71. The company has a market capitalization of $57.61 billion, a PE ratio of 14.25, a PEG ratio of 1.36 and a beta of 1.28. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last announced its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share 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 firm had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter in the previous year, the business earned $3.60 EPS. The company’s 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. On average, equities analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were issued a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s payout ratio is 33.86%.

Analysts Set New Price Targets

A number of analysts have commented on FDX shares. Vertical Research decreased their price objective on FedEx from $280.00 to $275.00 in a report on Friday, September 19th. Raymond James Financial reissued an “outperform” rating and set a $255.00 price objective on shares of FedEx in a report on Thursday, September 18th. Barclays reissued an “overweight” rating and set a $320.00 price objective (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. UBS Group boosted their price objective on FedEx from $293.00 to $314.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, BNP Paribas Exane raised 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, FedEx presently has a consensus rating of “Moderate Buy” and a consensus target price of $271.67.

Insider Buying and Selling

In related 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 sale, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred on 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 sale, the director directly owned 15,513 shares in the company, valued at $3,696,592.77. This trade represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

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.