FedEx Corporation $FDX Shares Sold by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. lessened its holdings in shares of FedEx Corporation (NYSE:FDX) by 11.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 56,392 shares of the shipping service provider’s stock after selling 7,471 shares during the period. FedEx accounts for approximately 1.0% of Lee Danner & Bass Inc.’s holdings, making the stock its 24th biggest position. Lee Danner & Bass Inc.’s holdings in FedEx were worth $13,298,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FDX. NewSquare Capital LLC boosted its stake in FedEx by 121.8% in the second quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock valued at $28,000 after acquiring an additional 67 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in shares of FedEx in the 2nd quarter worth approximately $28,000. City Holding Co. boosted its position in FedEx by 167.0% during the 3rd quarter. City Holding Co. now owns 267 shares of the shipping service provider’s stock valued at $63,000 after purchasing an additional 167 shares during the period. Quent Capital LLC acquired a new position in FedEx during the 3rd quarter valued at approximately $71,000. Finally, Steigerwald Gordon & Koch Inc. bought a new position in FedEx during the 3rd quarter worth $84,000. Institutional investors own 84.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on FDX shares. JPMorgan Chase & Co. raised their target price on FedEx from $285.00 to $294.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Jefferies Financial Group increased their price objective on shares of FedEx from $315.00 to $326.00 and gave the stock a “buy” rating in a report on Friday, December 19th. The Goldman Sachs Group lifted their price objective on shares of FedEx from $301.00 to $317.00 and gave the company a “buy” rating in a research report on Friday, December 19th. Oppenheimer restated a “market perform” rating on shares of FedEx in a research report on Friday, December 19th. Finally, Barclays raised their price target on shares of FedEx from $320.00 to $360.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Sixteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $302.65.

FedEx Stock Down 1.6%

FDX stock opened at $308.11 on Tuesday. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $318.83. The company has a market capitalization of $72.44 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.55 and a beta of 1.35. The firm’s 50-day moving average is $285.63 and its two-hundred day moving average is $252.64. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72.

FedEx (NYSE:FDX) last posted its quarterly earnings data on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.80. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $22.79 billion. During the same period last year, the firm posted $4.05 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th were given a dividend of $1.45 per share. The ex-dividend date was Monday, December 15th. This represents a $5.80 annualized dividend and a dividend yield of 1.9%. FedEx’s dividend payout ratio (DPR) is 31.97%.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.