UMB Bank n.a. Sells 2,789 Shares of FedEx Corporation $FDX

Key Points

• UMB Bank n.a. has reduced its holdings in FedEx Corporation by 24.8%, selling 2,789 shares during the second quarter, leaving them with 8,476 shares valued at approximately $1.93 million.
• Several hedge funds significantly increased their stakes in FedEx in the first quarter, with Canada Pension Plan Investment Board boosting its stake by 302.6%, and GAMMA Investing LLC increasing its stake by an astonishing 18,202.1%.
• FedEx recently reported earnings of $3.83 per share for the quarter, surpassing expectations, along with a revenue of $22.20 billion, up 3.1% from the previous year.

UMB Bank n.a. reduced its position in FedEx Corporation (NYSE:FDX - Free Report) by 24.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,476 shares of the shipping service provider's stock after selling 2,789 shares during the quarter. UMB Bank n.a.'s holdings in FedEx were worth $1,927,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of FedEx in the 1st quarter valued at approximately $314,650,000. ACR Alpine Capital Research LLC boosted its stake in shares of 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. GAMMA Investing LLC boosted its stake in shares of FedEx by 18,202.1% in the 1st quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock valued at $133,003,000 after purchasing an additional 542,605 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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. Finally, Canada Pension Plan Investment Board boosted its stake in shares of FedEx by 302.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 352,296 shares of the shipping service provider's stock valued at $85,883,000 after purchasing an additional 264,792 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FDX shares. The Goldman Sachs Group reduced their price target on shares of FedEx from $290.00 to $276.00 and set a "buy" rating on the stock in a research note on Friday, September 12th. JPMorgan Chase & Co. reduced their price target on shares of FedEx from $285.00 to $284.00 and set an "overweight" rating on the stock in a research note on Friday. Citigroup raised their price target on shares of FedEx from $275.00 to $279.00 and gave the company a "buy" rating in a research note on Friday. Stifel Nicolaus reduced their price target on shares of FedEx from $308.00 to $296.00 and set a "buy" rating on the stock in a research note on Wednesday, September 17th. Finally, Bank of America lifted their target price on shares of FedEx from $240.00 to $244.00 and gave the stock a "neutral" rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, FedEx presently has a consensus rating of "Moderate Buy" and a consensus price target of $275.85.

FedEx Stock Performance

NYSE:FDX opened at $232.10 on Monday. The company has a fifty day moving average of $228.84 and a 200-day moving average of $226.29. The firm has a market capitalization of $54.76 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.34 and a beta of 1.20. 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 Corporation has a twelve month low of $194.29 and a twelve month high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.12. The company had revenue of $22.20 billion during the quarter, compared to analyst estimates 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 quarter in the previous year, the business posted $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts anticipate that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th will be paid a $1.45 dividend. The ex-dividend date is Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.5%. FedEx's payout ratio is currently 34.36%.

Insider Activity

In other news, Director R Brad Martin sold 2,123 shares of FedEx stock in a transaction 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 sale, the director owned 8,935 shares in the company, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the sale, the director owned 15,513 shares of the company's stock, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,343 shares of company stock worth $2,228,816 in the last quarter. 0.53% of the stock is owned by corporate insiders.

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.

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