Callahan Advisors LLC Has $15.50 Million Stake in FedEx Corporation $FDX

Key Points

• Callahan Advisors LLC has reduced its stake in FedEx by 3.8%, holding 68,181 shares valued at approximately $15.50 million, making it the fund's 22nd largest position.
• Several institutional investors significantly boosted their holdings in FedEx, with Valeo Financial Advisors increasing its position by an astonishing 28,080.9%, now owning over 3.7 million shares.
• FedEx reported better-than-expected quarterly earnings, with an EPS of $3.83 against an estimate of $3.71, and declared a quarterly dividend of $1.45 per share.

Callahan Advisors LLC decreased its position in FedEx Corporation (NYSE:FDX - Free Report) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,181 shares of the shipping service provider's stock after selling 2,694 shares during the quarter. FedEx comprises approximately 1.4% of Callahan Advisors LLC's investment portfolio, making the stock its 22nd biggest position. Callahan Advisors LLC's holdings in FedEx were worth $15,498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FDX. Valeo Financial Advisors LLC grew its position in shares of FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider's stock valued at $850,948,000 after purchasing an additional 3,730,273 shares during the last quarter. Nuveen LLC bought a new stake in shares of FedEx in the first quarter valued at approximately $314,650,000. ACR Alpine Capital Research LLC boosted its stake 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 buying an additional 732,266 shares during the period. Vanguard Group Inc. boosted its stake 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 buying an additional 289,655 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake 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 buying an additional 264,792 shares during the period. Institutional investors and hedge funds own 84.47% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FDX. Truist Financial set a $285.00 price target on FedEx in a research note on Tuesday. Citigroup boosted their price target on FedEx from $275.00 to $279.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Cowen reiterated a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. Jefferies Financial Group boosted their price target on FedEx from $275.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $255.00 price target on shares of FedEx in a research note on Thursday, September 18th. One investment 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 given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $271.83.

FedEx Stock Up 0.3%

Shares of FDX opened at $235.39 on Thursday. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The company has a market cap of $55.54 billion, a P/E ratio of 13.74, a P/E/G ratio of 1.31 and a beta of 1.28. 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 firm has a 50 day simple moving average of $231.44 and a two-hundred day simple moving average of $225.68.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 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 the consensus estimate of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The company's revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were issued a dividend of $1.45 per share. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. FedEx's dividend payout ratio is 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.

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