Yousif Capital Management LLC Cuts Position in FedEx Corporation $FDX

Yousif Capital Management LLC lessened its position in shares of FedEx Corporation (NYSE:FDX) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,166 shares of the shipping service provider’s stock after selling 44 shares during the quarter. Yousif Capital Management LLC’s holdings in FedEx were worth $7,539,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Cypress Capital Group grew its holdings in FedEx by 130.3% during the 2nd quarter. Cypress Capital Group now owns 2,441 shares of the shipping service provider’s stock valued at $555,000 after buying an additional 1,381 shares in the last quarter. LRI Investments LLC grew its holdings in FedEx by 55.9% during the 2nd quarter. LRI Investments LLC now owns 728 shares of the shipping service provider’s stock valued at $165,000 after buying an additional 261 shares in the last quarter. Commonwealth Financial Services LLC grew its holdings in FedEx by 8.5% during the 2nd quarter. Commonwealth Financial Services LLC now owns 1,090 shares of the shipping service provider’s stock valued at $248,000 after buying an additional 85 shares in the last quarter. CWM LLC grew its holdings in FedEx by 155.1% during the 2nd quarter. CWM LLC now owns 23,726 shares of the shipping service provider’s stock valued at $5,393,000 after buying an additional 14,426 shares in the last quarter. Finally, OFI Invest Asset Management lifted its stake in shares of FedEx by 67.2% in the 2nd quarter. OFI Invest Asset Management now owns 423 shares of the shipping service provider’s stock valued at $96,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Price Performance

Shares of FDX stock opened at $229.51 on Tuesday. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.21 and a current ratio of 1.25. The firm has a market capitalization of $54.16 billion, a P/E ratio of 13.40, a P/E/G ratio of 1.25 and a beta of 1.28. The stock has a 50 day moving average price of $231.02 and a 200 day moving average price of $225.55.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. During the same period last year, the company earned $3.60 EPS. FedEx’s quarterly revenue was up 3.1% compared to the same quarter last year. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. As a group, sell-side analysts predict that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 2.5%. FedEx’s payout ratio is 33.86%.

Wall Street Analyst Weigh In

FDX has been the subject of several analyst reports. Wolfe Research raised their price objective on FedEx from $254.00 to $298.00 in a research note on Tuesday, October 7th. Citigroup raised their price objective on FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research note on Friday, September 19th. Wall Street Zen raised FedEx from a “hold” rating to a “buy” rating in a research note on Sunday. Susquehanna raised their price objective on FedEx from $285.00 to $300.00 and gave the company a “positive” rating in a research note on Friday, September 19th. Finally, The Goldman Sachs Group lowered their price objective on FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $273.08.

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.