Rehmann Capital Advisory Group Has $490,000 Stake in FedEx Corporation $FDX

Rehmann Capital Advisory Group trimmed its stake in FedEx Corporation (NYSE:FDX) by 38.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,157 shares of the shipping service provider’s stock after selling 1,338 shares during the period. Rehmann Capital Advisory Group’s holdings in FedEx were worth $490,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FDX. Valeo Financial Advisors LLC boosted its position in shares of FedEx by 28,080.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares in the last quarter. Nuveen LLC acquired a new stake in shares of FedEx during the 1st quarter valued at about $314,650,000. ACR Alpine Capital Research LLC boosted its position in shares of FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock valued at $386,399,000 after acquiring an additional 732,266 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after acquiring an additional 289,655 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of FedEx by 302.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock valued at $85,883,000 after acquiring an additional 264,792 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Stifel Nicolaus decreased their target price on shares of FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a research report on Wednesday, September 17th. The Goldman Sachs Group decreased their target price on shares of FedEx from $290.00 to $276.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Raymond James Financial reiterated an “outperform” rating and set a $255.00 target price on shares of FedEx in a research report on Thursday, September 18th. Wolfe Research lifted their price target on shares of FedEx from $254.00 to $298.00 in a report on Tuesday, October 7th. Finally, TD Cowen lifted their price target on shares of FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $271.83.

FedEx Trading Down 0.5%

Shares of FDX stock opened at $238.26 on Friday. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a market capitalization of $56.22 billion, a P/E ratio of 13.91, a P/E/G ratio of 1.34 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. The firm has a 50-day moving average price of $232.77 and a 200 day moving average price of $226.19.

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 net margin of 4.65% and a return on equity of 16.33%. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same period in the previous year, the firm posted $3.60 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

About FedEx

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.