Hilltop National Bank Buys New Position in FedEx Corporation $FDX

Key Points

• Hilltop National Bank has acquired a new stake of 1,643 shares in FedEx, valued at approximately $373,000, as reported in their 13F filing.
• Institutional investors and hedge funds now control 84.47% of FedEx's stock, indicating strong market confidence and investment in the company.
• FedEx recently declared a quarterly dividend of $1.45 per share, reflecting an annualized yield of 2.4% and a payout ratio of 33.86%.

Hilltop National Bank bought a new stake in shares of FedEx Corporation (NYSE:FDX - Free Report) 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 - Get Free Report) 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.

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