Tyche Wealth Partners LLC Sells 199 Shares of FedEx Corporation $FDX

Tyche Wealth Partners LLC reduced its position in FedEx Corporation (NYSE:FDX) by 11.3% in the second quarter, HoldingsChannel.com reports. The firm owned 1,561 shares of the shipping service provider’s stock after selling 199 shares during the period. Tyche Wealth Partners LLC’s holdings in FedEx were worth $355,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FDX. Abound Financial LLC bought a new position in shares of FedEx in the first quarter worth approximately $38,000. WPG Advisers LLC bought a new position in shares of FedEx in the first quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of 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 purchasing an additional 71 shares during the period. Alpine Bank Wealth Management bought a new position in shares of FedEx in the first quarter worth approximately $65,000. Finally, Motco boosted its position in shares of FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after purchasing an additional 102 shares during the period. 84.47% of the stock is currently owned by institutional investors.

FedEx Price Performance

FedEx stock opened at $242.61 on Wednesday. The company has a market cap of $57.25 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 1.37 and a beta of 1.28. The firm’s fifty day moving average is $230.03 and its 200 day moving average is $225.94. 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 Corporation has a 52-week low of $194.29 and a 52-week high of $308.53.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. The company had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. FedEx’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Sell-side analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Daiwa Capital Markets upped their price target on shares of FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Stifel Nicolaus lowered their target price on shares of FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. JPMorgan Chase & Co. lowered their target price on shares of FedEx from $285.00 to $284.00 and set an “overweight” rating on the stock in a report on Friday, September 19th. Dbs Bank raised shares of FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. Finally, Evercore ISI lowered their target price on shares of FedEx from $243.00 to $239.00 in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $271.67.

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.