Solidarity Wealth LLC Sells 1,604 Shares of FedEx Corporation $FDX

by · The Cerbat Gem

Solidarity Wealth LLC reduced its holdings in FedEx Corporation (NYSE:FDX – Free Report) by 8.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 17,498 shares of the shipping service provider’s stock after selling 1,604 shares during the quarter. FedEx makes up about 0.9% of Solidarity Wealth LLC’s portfolio, making the stock its 29th largest holding. Solidarity Wealth LLC’s holdings in FedEx were worth $4,003,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Fisher Asset Management LLC raised its position in FedEx by 9.0% during the 2nd quarter. Fisher Asset Management LLC now owns 1,361 shares of the shipping service provider’s stock worth $310,000 after purchasing an additional 112 shares during the last quarter. Claret Asset Management Corp bought a new position in shares of FedEx during the second quarter worth about $234,000. Edgestream Partners L.P. bought a new position in shares of FedEx during the second quarter worth about $1,494,000. VestGen Advisors LLC bought a new stake in FedEx in the second quarter valued at approximately $223,000. Finally, New York State Common Retirement Fund increased its position in FedEx by 7.0% during the 2nd quarter. New York State Common Retirement Fund now owns 372,515 shares of the shipping service provider’s stock valued at $84,676,000 after purchasing an additional 24,224 shares during the period. Institutional investors own 84.47% of the company’s stock.

Wall Street Analyst Weigh In

FDX has been the topic of a number of recent analyst reports. Vertical Research dropped their price target on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FedEx in a research report on Wednesday. Raymond James Financial reissued an “outperform” rating and issued a $255.00 price objective on shares of FedEx in a research report on Thursday, September 18th. TD Cowen raised their target price on FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Finally, Evercore ISI lowered their target price on FedEx from $243.00 to $239.00 in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and an average target price of $276.13.

Get Our Latest Stock Analysis on FDX

FedEx Stock Down 0.0%

Shares of NYSE:FDX opened at $275.70 on Monday. The business’s 50 day moving average is $249.80 and its 200 day moving average is $235.35. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $304.76. The stock has a market cap of $65.05 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 1.43 and a beta of 1.31. 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 (NYSE:FDX – Get Free Report) last issued its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same period last year, the business earned $3.60 EPS. The business’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. On average, sell-side analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th will be paid a $1.45 dividend. The ex-dividend date is Monday, December 15th. This represents a $5.80 annualized dividend and a yield of 2.1%. FedEx’s dividend payout ratio (DPR) is 33.86%.

FedEx Profile

(Free Report)

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.

Further Reading

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