FedEx Corporation $FDX Shares Sold by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. decreased its stake in shares of FedEx Corporation (NYSE:FDX) by 15.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,001 shares of the shipping service provider’s stock after selling 895 shares during the period. Cascade Investment Advisors Inc.’s holdings in FedEx were worth $1,137,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in FDX. Wealth Architects LLC acquired a new position in FedEx during the second quarter worth approximately $216,000. Sequoia Financial Advisors LLC grew its stake in shares of FedEx by 4.6% in the second quarter. Sequoia Financial Advisors LLC now owns 8,717 shares of the shipping service provider’s stock valued at $1,981,000 after buying an additional 386 shares in the last quarter. Vest Financial LLC raised its holdings in shares of FedEx by 39.1% during the 2nd quarter. Vest Financial LLC now owns 3,608 shares of the shipping service provider’s stock valued at $820,000 after buying an additional 1,015 shares during the period. Cypress Capital Group boosted its holdings in FedEx by 130.3% in the 2nd quarter. Cypress Capital Group now owns 2,441 shares of the shipping service provider’s stock worth $555,000 after acquiring an additional 1,381 shares during the period. Finally, LRI Investments LLC raised its stake in shares of FedEx by 55.9% during the second quarter. LRI Investments LLC now owns 728 shares of the shipping service provider’s stock valued at $165,000 after purchasing an additional 261 shares during the period. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Barclays reaffirmed an “overweight” rating and issued a $320.00 price objective (down previously from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Wolfe Research lifted their target price on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. Citigroup upped their price objective on shares of FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, Wells Fargo & Company raised their target price on shares of FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $273.08.

FedEx Stock Down 5.0%

FDX stock opened at $225.14 on Monday. The company has a 50 day moving average of $230.78 and a two-hundred day moving average of $225.64. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The company has a market cap of $53.12 billion, a price-to-earnings ratio of 13.14, a PEG ratio of 1.25 and a beta of 1.28.

FedEx (NYSE:FDX) last announced its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.12. The business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were issued a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.6%. FedEx’s dividend payout ratio is currently 33.86%.

FedEx Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.