Lion Street Advisors LLC Trims Holdings in FedEx Corporation $FDX

Lion Street Advisors LLC lessened its holdings in shares of FedEx Corporation (NYSE:FDX) by 2.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,038 shares of the shipping service provider’s stock after selling 53 shares during the period. Lion Street Advisors LLC’s holdings in FedEx were worth $463,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FDX. Abound Financial LLC purchased a new position in FedEx during the 1st quarter valued at about $38,000. WPG Advisers LLC purchased a new position in FedEx during the 1st quarter valued at about $43,000. Cary Street Partners Investment Advisory LLC increased its holdings in FedEx by 60.7% during 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 purchasing an additional 71 shares during the period. Alpine Bank Wealth Management purchased a new position in FedEx during the 1st quarter valued at about $65,000. Finally, Motco increased its holdings in FedEx by 61.8% during the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after purchasing an additional 102 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on FDX. UBS Group lifted their price objective on FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Cowen reaffirmed a “buy” rating on shares of FedEx in a research report on Wednesday, June 25th. Daiwa Capital Markets lifted their price objective on FedEx from $232.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. HSBC lifted their price objective on FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of FedEx in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.08.

FedEx Stock Performance

FDX stock opened at $225.14 on Monday. The stock has a market capitalization of $53.12 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. The stock’s 50 day simple moving average is $230.78 and its 200 day simple moving average is $225.64.

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

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were given a $1.45 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.6%. FedEx’s dividend payout ratio is 33.86%.

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.