Hilltop National Bank Buys New Position in FedEx Corporation $FDX

Hilltop National Bank bought a new stake in shares of FedEx Corporation (NYSE:FDX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,643 shares of the shipping service provider’s stock, valued at approximately $373,000.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in FedEx by 1.4% in the 1st 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. Invesco Ltd. raised its position in FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock valued at $795,940,000 after purchasing an additional 43,989 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in FedEx by 7.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider’s stock valued at $495,041,000 after purchasing an additional 135,290 shares in the last quarter. ACR Alpine Capital Research LLC raised its position in FedEx by 85.9% in the 1st 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. Finally, Charles Schwab Investment Management Inc. raised its position in FedEx by 0.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,506,226 shares of the shipping service provider’s stock valued at $367,188,000 after purchasing an additional 5,490 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on FDX shares. Barclays reaffirmed an “overweight” rating and issued a $320.00 price target (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Bank of America raised their target price on FedEx from $240.00 to $244.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. JPMorgan Chase & Co. cut their target price on FedEx from $285.00 to $284.00 and set an “overweight” rating on the stock in a research report on Friday, September 19th. Dbs Bank raised FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Finally, Evercore ISI cut their target price on FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, FedEx has an average rating of “Moderate Buy” and an average price target of $271.67.

FedEx Trading Up 0.7%

FDX opened at $244.14 on Friday. The firm has a market cap of $57.61 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The business’s 50 day moving average is $229.77 and its two-hundred day moving average is $226.00. 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 (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 EPS for the quarter, topping the consensus estimate of $3.71 by $0.12. The company had revenue of $22.20 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, research analysts predict that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders 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 annualized dividend and a yield of 2.4%. FedEx’s payout ratio is 33.86%.

FedEx Company 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.