FedEx Corporation $FDX Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. cut its position in FedEx Corporation (NYSE:FDX) by 1.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,785 shares of the shipping service provider’s stock after selling 68 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in FedEx were worth $1,315,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FDX. Golden State Wealth Management LLC lifted its position in FedEx by 21.1% during the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock worth $88,000 after acquiring an additional 63 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of FedEx in the 2nd quarter valued at approximately $586,000. Sage Capital Advisors llc grew its stake in shares of FedEx by 136.5% in the 2nd quarter. Sage Capital Advisors llc now owns 34,697 shares of the shipping service provider’s stock valued at $7,887,000 after purchasing an additional 20,024 shares during the last quarter. Jackson Thornton Wealth Management LLC purchased a new position in shares of FedEx in the 2nd quarter valued at approximately $298,000. Finally, Value Partners Investments Inc. grew its stake in shares of FedEx by 26.4% in the 2nd quarter. Value Partners Investments Inc. now owns 181,454 shares of the shipping service provider’s stock valued at $41,247,000 after purchasing an additional 37,950 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FDX has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on FedEx from $235.00 to $250.00 and gave the company an “equal weight” rating in a research note on Friday, September 19th. Truist Financial set a $285.00 target price on FedEx in a research note on Tuesday, October 14th. TD Cowen lifted their target price on FedEx from $269.00 to $271.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Raymond James Financial reiterated an “outperform” rating and issued a $255.00 target price on shares of FedEx in a research note on Thursday, September 18th. Finally, Stifel Nicolaus reduced their price target on FedEx from $308.00 to $296.00 and set a “buy” rating for the company in a report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $271.83.

FedEx Stock Down 0.5%

FDX opened at $238.26 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The business has a 50 day simple moving average of $232.77 and a 200-day simple moving average of $226.19. The stock has a market capitalization of $56.22 billion, a P/E ratio of 13.91, a P/E/G ratio of 1.34 and a beta of 1.28. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same period last year, the business posted $3.60 EPS. FedEx’s quarterly revenue was up 3.1% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were paid a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is presently 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.