Ashton Thomas Private Wealth LLC Sells 955 Shares of FedEx Corporation $FDX

Ashton Thomas Private Wealth LLC lowered its holdings in shares of FedEx Corporation (NYSE:FDX) by 12.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,848 shares of the shipping service provider’s stock after selling 955 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in FedEx were worth $1,566,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Abound Financial LLC bought a new stake in shares of FedEx during the first quarter worth approximately $38,000. WPG Advisers LLC bought a new stake in shares of FedEx in the first quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC boosted its stake 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 valued at $46,000 after buying an additional 71 shares during the period. Motco boosted its stake in shares of FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after buying an additional 102 shares during the period. Finally, Rise Advisors LLC boosted its stake in shares of FedEx by 21.0% in the first 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 during the period. Institutional investors own 84.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Stifel Nicolaus cut their price target on FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a research note on Wednesday, September 17th. TD Cowen boosted their price target on FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research note on Friday, September 19th. BNP Paribas Exane upgraded FedEx from an “underperform” rating to an “outperform” rating and set a $270.00 price target for the company in a research note on Thursday, July 3rd. Wells Fargo & Company boosted their price target on FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, September 19th. Finally, Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.83.

FedEx Stock Up 1.0%

Shares of FDX opened at $249.77 on Wednesday. The firm has a 50 day simple moving average of $233.78 and a two-hundred day simple moving average of $227.26. The company has a market cap of $58.94 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.12. The company had revenue of $22.20 billion during 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%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a dividend of $1.45 per share. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.3%. FedEx’s dividend payout ratio is 33.86%.

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.