FedEx Corporation $FDX Stock Position Lowered by Coastal Bridge Advisors LLC

Coastal Bridge Advisors LLC decreased its position in FedEx Corporation (NYSE:FDX) by 29.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,460 shares of the shipping service provider’s stock after selling 1,879 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in FedEx were worth $1,052,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of FedEx by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock worth $514,000 after purchasing an additional 207 shares in the last quarter. Empowered Funds LLC grew its position in FedEx by 78.9% in the first quarter. Empowered Funds LLC now owns 10,311 shares of the shipping service provider’s stock worth $2,514,000 after buying an additional 4,548 shares during the last quarter. Sivia Capital Partners LLC bought a new position in shares of FedEx in the second quarter valued at $586,000. GC Wealth Management RIA LLC acquired a new stake in shares of FedEx during the 2nd quarter valued at $361,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of FedEx by 8.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 93,348 shares of the shipping service provider’s stock worth $21,219,000 after acquiring an additional 7,004 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Evercore ISI upped their target price on FedEx from $275.00 to $288.00 in a report on Friday, December 19th. Wolfe Research set a $355.00 price objective on shares of FedEx in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of FedEx from a “buy” rating to a “strong-buy” rating in a report on Saturday, January 17th. Raymond James Financial boosted their price target on shares of FedEx from $255.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, December 22nd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of FedEx in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $303.86.

FedEx Price Performance

NYSE FDX opened at $319.42 on Friday. 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 firm has a market capitalization of $75.10 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 1.58 and a beta of 1.35. The company has a 50 day simple moving average of $292.56 and a 200-day simple moving average of $256.40. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $319.93.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share 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 analyst estimates of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.05 EPS. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. Equities research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors 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 1.8%. FedEx’s dividend payout ratio (DPR) 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.