Cascade Investment Advisors Inc. Has $1.14 Million Holdings in FedEx Corporation $FDX

Cascade Investment Advisors Inc. decreased its position in shares of FedEx Corporation (NYSE:FDX) by 15.2% in the second quarter, Holdings Channel reports. The fund owned 5,001 shares of the shipping service provider’s stock after selling 895 shares during the period. Cascade Investment Advisors Inc.’s holdings in FedEx were worth $1,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in FDX. Vanguard Group Inc. lifted its holdings in shares of FedEx by 1.4% during the first 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 during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of FedEx by 28,080.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after buying an additional 3,730,273 shares during the period. Invesco Ltd. increased its stake in FedEx by 1.4% during the first quarter. Invesco Ltd. now owns 3,264,993 shares of the shipping service provider’s stock valued at $795,940,000 after acquiring an additional 43,989 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of 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 purchasing an additional 135,290 shares in the last quarter. Finally, ACR Alpine Capital Research LLC increased its position in shares of FedEx by 85.9% during the first 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 during the period. Institutional investors and hedge funds own 84.47% of the company’s stock.

FedEx Trading Down 5.0%

Shares of NYSE:FDX opened at $225.14 on Monday. The company’s 50-day moving average price is $230.78 and its two-hundred day moving average price is $225.64. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The stock has a market capitalization of $53.12 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28.

FedEx (NYSE:FDX) last released its earnings results 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. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The business had revenue of $22.20 billion for the quarter, compared to the consensus estimate of $21.74 billion. During the same quarter in the previous year, the business earned $3.60 earnings per share. FedEx’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 analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio (DPR) is 33.86%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FDX. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $274.00 target price (down previously from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. Jefferies Financial Group upped their price objective on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a report on Friday, September 19th. Barclays reissued an “overweight” rating and issued a $320.00 target price (down previously from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. Daiwa Capital Markets boosted their target price on FedEx from $232.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Finally, TD Cowen lifted their price objective on shares of FedEx from $269.00 to $271.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $273.08.

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.