FedEx Corporation $FDX Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in shares of FedEx Corporation (NYSE:FDX) by 14.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 67,392 shares of the shipping service provider’s stock after selling 11,343 shares during the period. Truist Financial Corp’s holdings in FedEx were worth $15,892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Probity Advisors Inc. lifted its position in shares of FedEx by 2.2% during the 3rd quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock worth $467,000 after purchasing an additional 43 shares during the last quarter. WealthPlan Investment Management LLC lifted its holdings in FedEx by 3.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after buying an additional 44 shares during the last quarter. Joel Isaacson & Co. LLC boosted its position in shares of FedEx by 1.7% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,617 shares of the shipping service provider’s stock worth $617,000 after acquiring an additional 44 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co boosted its position in shares of FedEx by 1.2% during the 3rd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 3,890 shares of the shipping service provider’s stock worth $917,000 after acquiring an additional 45 shares in the last quarter. Finally, L2 Asset Management LLC increased its holdings in shares of FedEx by 4.9% in the 2nd quarter. L2 Asset Management LLC now owns 985 shares of the shipping service provider’s stock valued at $224,000 after acquiring an additional 46 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Price Performance

Shares of NYSE FDX opened at $322.26 on Friday. The stock has a fifty day moving average price of $293.61 and a 200 day moving average price of $257.19. FedEx Corporation has a 1-year low of $194.29 and a 1-year high of $322.75. 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 company has a market cap of $75.77 billion, a PE ratio of 17.77, a P/E/G ratio of 1.61 and a beta of 1.35.

FedEx (NYSE:FDX) last posted its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $22.79 billion. During the same period in the prior year, the company posted $4.05 earnings per share. The firm’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. Sell-side 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. Shareholders of record on Monday, December 15th were given a dividend of $1.45 per share. This represents a $5.80 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, December 15th. FedEx’s payout ratio is presently 31.97%.

Analyst Ratings Changes

Several equities analysts have commented on FDX shares. The Goldman Sachs Group increased their price target on shares of FedEx from $301.00 to $317.00 and gave the company a “buy” rating in a research note on Friday, December 19th. Rothschild Redb downgraded shares of FedEx from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. Morgan Stanley boosted their price target on shares of FedEx from $200.00 to $210.00 and gave the company an “underweight” rating in a research report on Friday, December 19th. Bank of America upgraded shares of FedEx from a “neutral” rating to a “buy” rating and set a $365.00 price objective for the company in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of FedEx in a report on Tuesday, January 20th. One 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 data from MarketBeat, FedEx currently has a consensus rating of “Hold” and a consensus target price of $303.86.

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.