OneAscent Financial Services LLC Sells 1,741 Shares of FedEx Corporation $FDX

OneAscent Financial Services LLC trimmed its position in FedEx Corporation (NYSE:FDX) by 58.3% during the third quarter, HoldingsChannel.com reports. The fund owned 1,245 shares of the shipping service provider’s stock after selling 1,741 shares during the quarter. OneAscent Financial Services LLC’s holdings in FedEx were worth $295,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC boosted its holdings in shares of FedEx by 121.8% in the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after purchasing an additional 67 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of FedEx during the 2nd quarter worth $28,000. City Holding Co. lifted its position in shares of FedEx by 167.0% during the 3rd quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock worth $63,000 after buying an additional 167 shares during the last quarter. Caldwell Trust Co bought a new stake in shares of FedEx during the 2nd quarter worth $91,000. Finally, OFI Invest Asset Management boosted its stake in FedEx by 67.2% in the second quarter. OFI Invest Asset Management now owns 423 shares of the shipping service provider’s stock valued at $96,000 after buying an additional 170 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Susquehanna lowered their target price on FedEx from $345.00 to $340.00 in a research note on Tuesday, December 23rd. Bank of America lifted their price target on shares of FedEx from $285.00 to $315.00 and gave the company a “neutral” rating in a report on Friday, December 19th. UBS Group increased their price objective on shares of FedEx from $293.00 to $314.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Citigroup boosted their target price on shares of FedEx from $310.00 to $327.00 and gave the stock a “buy” rating in a research note on Friday, December 19th. Finally, Wall Street Zen upgraded shares of FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, FedEx presently has a consensus rating of “Moderate Buy” and a consensus price target of $298.92.

FedEx Trading Up 3.4%

Shares of NYSE FDX opened at $307.45 on Wednesday. The firm has a 50 day moving average price of $275.56 and a two-hundred day moving average price of $247.57. The stock has a market cap of $72.29 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 1.48 and a beta of 1.35. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.10. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. The company had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. FedEx’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. As a group, equities analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were issued a $1.45 dividend. The ex-dividend date was Monday, December 15th. This represents a $5.80 annualized dividend and a yield of 1.9%. FedEx’s dividend payout ratio is presently 31.97%.

FedEx Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.