Hilltop National Bank Purchases New Stake in FedEx Corporation $FDX

Hilltop National Bank purchased a new stake in FedEx Corporation (NYSE:FDX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,643 shares of the shipping service provider’s stock, valued at approximately $373,000.

A number of other institutional investors have also recently modified their holdings of FDX. Abound Financial LLC purchased a new stake in shares of FedEx in the first quarter valued at approximately $38,000. WPG Advisers LLC purchased a new stake in shares of FedEx in the first quarter valued at approximately $43,000. Cary Street Partners Investment Advisory LLC boosted its stake in shares of FedEx by 60.7% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider’s stock valued at $46,000 after buying an additional 71 shares in the last quarter. SOA Wealth Advisors LLC. boosted its stake in shares of FedEx by 60.6% in the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider’s stock valued at $61,000 after buying an additional 94 shares in the last quarter. Finally, Alpine Bank Wealth Management purchased a new stake in shares of FedEx in the first quarter valued at approximately $65,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $255.00 price objective on shares of FedEx in a report on Thursday, September 18th. Evercore ISI reduced their price objective on FedEx from $243.00 to $239.00 in a report on Friday, September 19th. The Goldman Sachs Group reduced their price objective on FedEx from $290.00 to $276.00 and set a “buy” rating for the company in a report on Friday, September 12th. Citigroup lifted their price objective on FedEx from $275.00 to $279.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Finally, BNP Paribas Exane raised 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 analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $271.67.

Insider Activity at FedEx

In related news, Director Marvin R. Ellison sold 3,610 shares of the company’s stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the transaction, the director directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director R Brad Martin sold 2,123 shares of the company’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the transaction, the director owned 8,935 shares of the company’s stock, valued at $2,160,036.25. The trade was a 19.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,343 shares of company stock worth $2,228,816. 0.53% of the stock is currently owned by insiders.

FedEx Stock Performance

NYSE FDX opened at $244.14 on Friday. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $308.53. The stock has a market cap of $57.61 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 1.34 and a beta of 1.28. The business has a fifty day moving average of $229.77 and a 200-day moving average of $226.00. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

FedEx (NYSE:FDX) last released its quarterly earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share 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 company had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $21.74 billion. During the same period in the previous year, the firm posted $3.60 earnings per share. The business’s revenue for the quarter 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, analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Monday, September 8th were paid a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, September 8th. FedEx’s dividend 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.