Carnegie Investment Counsel Has $209,000 Stake in FedEx Corporation $FDX

Carnegie Investment Counsel lowered its holdings in shares of FedEx Corporation (NYSE:FDX) by 23.8% during the second quarter, Holdings Channel reports. The institutional investor owned 921 shares of the shipping service provider’s stock after selling 288 shares during the quarter. Carnegie Investment Counsel’s holdings in FedEx were worth $209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Abound Financial LLC acquired a new position in FedEx in the first quarter worth about $38,000. WPG Advisers LLC bought a new stake in shares of FedEx in the 1st quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC raised its holdings 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 worth $46,000 after buying an additional 71 shares in the last quarter. Motco lifted its position in shares of FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after buying an additional 102 shares during the period. Finally, Rise Advisors LLC boosted its stake in FedEx by 21.0% in the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock valued at $83,000 after buying an additional 59 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Up 2.6%

Shares of NYSE FDX opened at $247.41 on Tuesday. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $308.53. The company has a 50-day moving average of $233.44 and a two-hundred day moving average of $226.96. The company has a market cap of $58.38 billion, a PE ratio of 14.44, a P/E/G ratio of 1.34 and a beta of 1.28. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.12. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same quarter last year, the business posted $3.60 earnings per share. 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. As a group, equities analysts expect that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 2.3%. The ex-dividend date was Monday, September 8th. FedEx’s dividend payout ratio is currently 33.86%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. BMO Capital Markets dropped their price objective on FedEx from $260.00 to $255.00 and set a “market perform” rating for the company in a research note on Friday, September 19th. Stephens reiterated an “overweight” rating and set a $260.00 target price on shares of FedEx in a research report on Tuesday, October 14th. Bank of America boosted their price target on shares of FedEx from $240.00 to $244.00 and gave the company a “neutral” rating in a research report on Friday, September 19th. Vertical Research decreased their price objective on shares of FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Finally, Evercore ISI cut their target price on shares of FedEx from $243.00 to $239.00 in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.