Callan Family Office LLC Acquires 28,867 Shares of FedEx Corporation $FDX

Key Points

• Callan Family Office LLC increased its holdings in FedEx Corporation by 209.5% in the second quarter, acquiring an additional 28,867 shares, bringing their total to 42,646 shares worth approximately $9.69 million.
• Multiple institutional investors, including Leo Wealth LLC and Vontobel Holding Ltd., also increased their stakes in FedEx during the same period, contributing to a total institutional ownership of 84.47%.
• Analyst reports indicate a consensus rating of "Moderate Buy" for FedEx stock, with a current price target averaging $271.25.

Callan Family Office LLC raised its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 209.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 42,646 shares of the shipping service provider's stock after purchasing an additional 28,867 shares during the period. Callan Family Office LLC's holdings in FedEx were worth $9,694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Leo Wealth LLC increased its stake in shares of FedEx by 27.0% during the second quarter. Leo Wealth LLC now owns 1,369 shares of the shipping service provider's stock valued at $311,000 after purchasing an additional 291 shares in the last quarter. Vontobel Holding Ltd. increased its stake in shares of FedEx by 33.6% during the second quarter. Vontobel Holding Ltd. now owns 40,075 shares of the shipping service provider's stock valued at $9,109,000 after purchasing an additional 10,077 shares in the last quarter. AMI Investment Management Inc. increased its position in shares of FedEx by 7.5% during the second quarter. AMI Investment Management Inc. now owns 17,601 shares of the shipping service provider's stock valued at $4,001,000 after acquiring an additional 1,226 shares in the last quarter. Maryland State Retirement & Pension System increased its position in shares of FedEx by 2.0% during the second quarter. Maryland State Retirement & Pension System now owns 10,580 shares of the shipping service provider's stock valued at $2,405,000 after acquiring an additional 204 shares in the last quarter. Finally, Optas LLC bought a new stake in shares of FedEx during the second quarter valued at approximately $235,000. Institutional investors own 84.47% of the company's stock.

Analyst Ratings Changes

FDX has been the subject of several analyst reports. Daiwa Capital Markets raised their price target on shares of FedEx from $232.00 to $240.00 and gave the company a "neutral" rating in a research report on Monday, September 22nd. TD Cowen raised their price target on shares of FedEx from $269.00 to $271.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Raymond James Financial reissued an "outperform" rating and set a $255.00 price target on shares of FedEx in a research report on Thursday, September 18th. Susquehanna raised their price target on shares of FedEx from $285.00 to $300.00 and gave the company a "positive" rating in a research report on Friday, September 19th. Finally, HSBC raised their price target on shares of FedEx from $230.00 to $235.00 in a research report on Friday, September 19th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $271.25.

FedEx Trading Down 1.3%

NYSE:FDX opened at $236.90 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.73. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The company has a market cap of $55.90 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.33 and a beta of 1.28. The company has a 50 day simple moving average of $230.61 and a two-hundred day simple moving average of $226.00.

FedEx (NYSE:FDX - Get Free Report) last posted its 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 net margin of 4.65% and a return on equity of 16.33%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter in the previous year, the firm posted $3.60 EPS. The firm's revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Research analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, September 8th. 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.

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