Procyon Advisors LLC Sells 1,685 Shares of FedEx Corporation $FDX

Procyon Advisors LLC trimmed its position in shares of FedEx Corporation (NYSE:FDX) by 10.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,045 shares of the shipping service provider’s stock after selling 1,685 shares during the period. Procyon Advisors LLC’s holdings in FedEx were worth $3,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of FDX. Twin Peaks Wealth Advisors LLC purchased a new stake in FedEx during the second quarter valued at $28,000. NewSquare Capital LLC increased 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 worth $28,000 after buying an additional 67 shares during the last quarter. City Holding Co. raised 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 valued at $63,000 after buying an additional 167 shares in the last quarter. Quent Capital LLC bought a new position in shares of FedEx in the 3rd quarter valued at about $71,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of FedEx in the 3rd quarter valued at about $84,000. 84.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FDX has been the topic of a number of recent research reports. Oppenheimer restated a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. Weiss Ratings restated a “buy (b-)” rating on shares of FedEx in a report on Monday, December 29th. JPMorgan Chase & Co. raised their price target on FedEx from $285.00 to $294.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. The Goldman Sachs Group boosted their price objective on shares of FedEx from $301.00 to $317.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Finally, BNP Paribas set a $280.00 target price on shares of FedEx and gave the stock a “neutral” rating in a report on Tuesday. Sixteen research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $302.65.

FedEx Stock Performance

FDX stock opened at $313.31 on Thursday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $318.83. The firm has a market cap of $73.67 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 1.55 and a beta of 1.35. The business’s fifty day simple moving average is $282.56 and its two-hundred day simple moving average is $250.96. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last posted 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. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The firm had revenue of $23.47 billion for the quarter, compared to analysts’ expectations of $22.79 billion. During the same period in the prior year, the business posted $4.05 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders of record on Monday, December 15th were given a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a yield of 1.9%. FedEx’s payout ratio is 31.97%.

About FedEx

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.