Paragon Capital Management LLC Sells 1,487 Shares of FedEx Corporation $FDX

Paragon Capital Management LLC decreased its stake in FedEx Corporation (NYSE:FDX) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,282 shares of the shipping service provider’s stock after selling 1,487 shares during the period. FedEx comprises about 2.5% of Paragon Capital Management LLC’s holdings, making the stock its 14th largest holding. Paragon Capital Management LLC’s holdings in FedEx were worth $4,838,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. NewSquare Capital LLC increased its holdings in shares of FedEx by 121.8% during the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after buying an additional 67 shares in the last quarter. WPG Advisers LLC acquired a new stake in shares of FedEx during the 1st quarter valued at $43,000. Cary Street Partners Investment Advisory LLC grew its position in FedEx by 60.7% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock worth $46,000 after acquiring an additional 71 shares during the last quarter. Motco increased its holdings in FedEx by 61.8% in the 1st quarter. Motco now owns 267 shares of the shipping service provider’s stock worth $65,000 after purchasing an additional 102 shares in the last quarter. Finally, Rise Advisors LLC increased its holdings in FedEx by 21.0% in the 1st quarter. Rise Advisors LLC now owns 340 shares of the shipping service provider’s stock worth $83,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 84.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FDX. Vertical Research cut their price target on FedEx from $280.00 to $275.00 in a research note on Friday, September 19th. Dbs Bank upgraded shares of FedEx from a “hold” rating to a “moderate buy” rating in a research report on Thursday, August 21st. Evercore ISI reduced their target price on shares of FedEx from $243.00 to $239.00 in a report on Friday, September 19th. Bank of America raised their price target on shares of FedEx from $270.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, TD Cowen lifted their price target on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $276.08.

FedEx Stock Up 0.2%

Shares of NYSE FDX opened at $267.79 on Friday. The company has a market capitalization of $63.19 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The company’s 50 day moving average price is $241.43 and its 200-day moving average price is $231.63.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.12. The company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. FedEx’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

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.