NorthCrest Asset Manangement LLC Sells 13,371 Shares of FedEx Corporation $FDX

NorthCrest Asset Manangement LLC lessened its position in FedEx Corporation (NYSE:FDX) by 63.8% during the third quarter, Holdings Channel reports. The fund owned 7,577 shares of the shipping service provider’s stock after selling 13,371 shares during the period. NorthCrest Asset Manangement LLC’s holdings in FedEx were worth $1,836,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of FedEx by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after buying an additional 207 shares in the last quarter. Empowered Funds LLC grew its position in FedEx by 78.9% during the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock valued at $2,514,000 after acquiring an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in shares of FedEx during the second quarter worth approximately $586,000. Sowell Financial Services LLC lifted its holdings in shares of FedEx by 1.3% in the 2nd quarter. Sowell Financial Services LLC now owns 7,774 shares of the shipping service provider’s stock worth $1,767,000 after acquiring an additional 102 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its stake in shares of FedEx by 2.8% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 3,442 shares of the shipping service provider’s stock valued at $782,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 84.47% of the company’s stock.

FedEx Trading Down 2.4%

FDX opened at $300.92 on Wednesday. FedEx Corporation has a one year low of $194.29 and a one year high of $318.83. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.27 and a quick ratio of 1.23. The business has a 50 day simple moving average of $286.29 and a two-hundred day simple moving average of $253.07. The firm has a market capitalization of $70.75 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 1.55 and a beta of 1.35.

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

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Shareholders 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 31.97%.

Analysts Set New Price Targets

FDX has been the topic of a number of analyst reports. BNP Paribas Exane cut shares of FedEx from an “outperform” rating to a “neutral” rating and set a $280.00 target price on the stock. in a research report on Tuesday, January 13th. Sanford C. Bernstein lifted their price objective on FedEx from $250.00 to $306.00 and gave the stock a “market perform” rating in a report on Friday, January 9th. Morgan Stanley increased their target price on FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a report on Friday, December 19th. Redburn Partners set a $271.00 price target on FedEx in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on FedEx from $276.00 to $322.00 and gave the company a “buy” rating in a research report on Wednesday, December 17th. Sixteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $301.48.

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.