Keybank National Association OH Lowers Position in FedEx Corporation $FDX

Keybank National Association OH cut its stake in shares of FedEx Corporation (NYSE:FDX) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,791 shares of the shipping service provider’s stock after selling 189 shares during the period. Keybank National Association OH’s holdings in FedEx were worth $7,908,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of FDX. Brighton Jones LLC raised its holdings in FedEx by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,825 shares of the shipping service provider’s stock valued at $514,000 after acquiring an additional 207 shares during the period. Golden State Wealth Management LLC raised its holdings in FedEx by 21.1% during the first quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider’s stock valued at $88,000 after acquiring an additional 63 shares during the period. Teacher Retirement System of Texas raised its holdings in FedEx by 221.9% during the first quarter. Teacher Retirement System of Texas now owns 44,068 shares of the shipping service provider’s stock valued at $10,743,000 after acquiring an additional 30,376 shares during the period. Principal Financial Group Inc. raised its holdings in FedEx by 0.7% during the first quarter. Principal Financial Group Inc. now owns 255,953 shares of the shipping service provider’s stock valued at $62,396,000 after acquiring an additional 1,727 shares during the period. Finally, D.A. Davidson & CO. raised its holdings in FedEx by 1.6% during the first quarter. D.A. Davidson & CO. now owns 45,053 shares of the shipping service provider’s stock valued at $10,983,000 after acquiring an additional 721 shares during the period. 84.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FDX. HSBC raised their price target on FedEx from $230.00 to $235.00 in a report on Friday, September 19th. BMO Capital Markets reduced their target price on FedEx from $260.00 to $255.00 and set a “market perform” rating on the stock in a report on Friday, September 19th. Stifel Nicolaus reduced their target price on FedEx from $308.00 to $296.00 and set a “buy” rating on the stock in a report on Wednesday, September 17th. Wolfe Research lifted their target price on FedEx from $254.00 to $298.00 in a report on Tuesday, October 7th. Finally, Wall Street Zen raised FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $271.83.

FedEx Trading Up 2.1%

FDX opened at $254.05 on Friday. The firm has a market cap of $59.95 billion, a P/E ratio of 14.83, a P/E/G ratio of 1.39 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. The stock has a 50-day moving average of $235.07 and a 200 day moving average of $228.01.

FedEx (NYSE:FDX) 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 during 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% on a year-over-year basis. During the same quarter last year, the business posted $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, research analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were given a $1.45 dividend. The ex-dividend date was Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.3%. FedEx’s dividend payout ratio (DPR) is currently 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.