Cypress Capital Group Acquires 1,381 Shares of FedEx Corporation $FDX

Key Points

• Cypress Capital Group increased its holdings in FedEx Corporation by 130.3% in the second quarter, now owning 2,441 shares valued at $555,000.
• FedEx reported quarterly earnings of $3.83 per share, surpassing analyst expectations, and revenue of $22.20 billion, a 3.1% year-over-year increase.
• The company declared a quarterly dividend of $1.45, resulting in an annualized yield of 2.6% with a payout ratio of 33.86%.

Cypress Capital Group increased its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 130.3% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,441 shares of the shipping service provider's stock after buying an additional 1,381 shares during the quarter. Cypress Capital Group's holdings in FedEx were worth $555,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings 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 worth $4,994,848,000 after buying an additional 289,655 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider's stock worth $850,948,000 after buying an additional 3,730,273 shares in the last quarter. Invesco Ltd. increased its holdings in FedEx by 1.4% in the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock worth $795,940,000 after buying an additional 43,989 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in FedEx by 7.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider's stock worth $495,041,000 after purchasing an additional 135,290 shares during the last quarter. Finally, ACR Alpine Capital Research LLC boosted its position in 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 worth $386,399,000 after purchasing an additional 732,266 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

FedEx Stock Down 5.0%

FDX stock opened at $225.14 on Monday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. 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 has a market cap of $53.12 billion, a P/E ratio of 13.14, a PEG ratio of 1.25 and a beta of 1.28. The business's 50-day moving average price is $230.78 and its 200-day moving average price is $225.64.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating 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 firm had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.74 billion. During the same period in the previous year, the firm earned $3.60 EPS. The business's quarterly revenue was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were issued a $1.45 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.6%. FedEx's payout ratio is currently 33.86%.

Analysts Set New Price Targets

Several research analysts have issued reports on FDX shares. Wells Fargo & Company raised their target price on FedEx from $235.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Friday, September 19th. BNP Paribas Exane raised FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 target price on the stock in a research report on Thursday, July 3rd. The Goldman Sachs Group dropped their target price on FedEx from $290.00 to $276.00 and set a "buy" rating on the stock in a research report on Friday, September 12th. Vertical Research dropped their target price on FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. Finally, Cowen reissued a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $273.08.

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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