Stock Yards Bank & Trust Co. Cuts Stock Holdings in FedEx Corporation $FDX

Stock Yards Bank & Trust Co. reduced its position in shares of FedEx Corporation (NYSE:FDX) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,936 shares of the shipping service provider’s stock after selling 161 shares during the period. Stock Yards Bank & Trust Co.’s holdings in FedEx were worth $667,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of FDX. Nuveen LLC purchased a new stake in shares of FedEx in the first quarter valued at approximately $314,650,000. ACR Alpine Capital Research LLC grew its position in shares of FedEx by 85.9% in the first quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider’s stock valued at $386,399,000 after purchasing an additional 732,266 shares in the last quarter. Vanguard Group Inc. grew its position in shares of FedEx by 1.4% in the first quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider’s stock valued at $4,994,848,000 after purchasing an additional 289,655 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of FedEx by 302.6% in the first quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider’s stock valued at $85,883,000 after purchasing an additional 264,792 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of FedEx in the first quarter valued at approximately $64,242,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on FDX shares. Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Wolfe Research upped their price target on FedEx from $244.00 to $254.00 and gave the company an “outperform” rating in a research report on Friday, September 19th. Wall Street Zen cut FedEx from a “buy” rating to a “hold” rating in a report on Saturday. HSBC upped their price objective on FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Finally, Barclays reiterated an “overweight” rating and issued a $320.00 price objective (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $271.67.

Insider Transactions at FedEx

In related news, Director R Brad Martin sold 2,123 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the transaction, the director owned 8,935 shares of the company’s stock, valued at $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of the stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the transaction, the director directly owned 7,720 shares in the company, valued at $1,829,176.80. This trade represents a 31.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is currently owned by company insiders.

FedEx Stock Up 0.7%

NYSE:FDX opened at $244.14 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. The stock’s fifty day moving average is $229.77 and its two-hundred day moving average is $225.85. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The stock has a market capitalization of $57.61 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.36 and a beta of 1.28.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. During the same period in the prior year, the firm earned $3.60 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts anticipate 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 Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a dividend of $1.45 per share. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.4%. FedEx’s dividend payout ratio is currently 33.86%.

About FedEx

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.