United Bank Sells 2,274 Shares of FedEx Corporation $FDX

Key Points

• United Bank reduced its stake in FedEx Corporation by 54.2% in the second quarter, bringing its holdings down to 1,918 shares worth approximately $436,000.
• Several institutional investors, such as Vanguard Group and Valeo Financial Advisors, have increased their positions in FedEx, reflecting strong interest in the company's stock.
• FedEx's recent quarterly earnings exceeded expectations with an EPS of $3.83 and revenue of $22.20 billion, alongside a newly announced dividend of $1.45 per share.

United Bank trimmed its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 54.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,918 shares of the shipping service provider's stock after selling 2,274 shares during the quarter. United Bank's holdings in FedEx were worth $436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in FedEx by 1.4% during 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 acquiring an additional 289,655 shares during the last quarter. Valeo Financial Advisors LLC grew its position in FedEx by 28,080.9% during 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 acquiring an additional 3,730,273 shares during the last quarter. Invesco Ltd. grew its position in FedEx by 1.4% during the 1st quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider's stock worth $795,940,000 after acquiring an additional 43,989 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in FedEx by 7.1% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 2,030,687 shares of the shipping service provider's stock worth $495,041,000 after acquiring an additional 135,290 shares during the last quarter. Finally, ACR Alpine Capital Research LLC grew its position in FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after acquiring an additional 732,266 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FDX has been the subject of several research analyst reports. HSBC increased their price objective on FedEx from $230.00 to $235.00 in a report on Friday, September 19th. Daiwa Capital Markets increased their price objective on FedEx from $232.00 to $240.00 and gave the stock a "neutral" rating in a report on Monday, September 22nd. BMO Capital Markets dropped their price objective on FedEx from $260.00 to $255.00 and set a "market perform" rating for the company in a report on Friday, September 19th. UBS Group increased their price objective on FedEx from $293.00 to $314.00 and gave the stock a "buy" rating in a report on Friday, September 19th. Finally, BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price objective for the company in a report on Thursday, July 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $271.83.

FedEx Stock Up 0.7%

Shares of NYSE:FDX opened at $238.55 on Friday. The stock has a fifty day simple moving average of $231.90 and a two-hundred day simple moving average of $225.61. The stock has a market capitalization of $56.29 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.32 and a beta of 1.28. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. 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 (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.71 by $0.12. The business had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The firm's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter 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. On average, research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th were paid a dividend of $1.45 per share. The ex-dividend date was Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.4%. FedEx's payout ratio is presently 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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