Callahan Advisors LLC Has $15.50 Million Holdings in FedEx Corporation $FDX

Callahan Advisors LLC cut its stake in shares of FedEx Corporation (NYSE:FDX) by 3.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 68,181 shares of the shipping service provider’s stock after selling 2,694 shares during the quarter. FedEx accounts for about 1.4% of Callahan Advisors LLC’s portfolio, making the stock its 22nd largest position. Callahan Advisors LLC’s holdings in FedEx were worth $15,498,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Abound Financial LLC acquired a new stake in FedEx in the first quarter valued at $38,000. WPG Advisers LLC acquired a new stake in FedEx in the first quarter valued at $43,000. Cary Street Partners Investment Advisory LLC increased its holdings in 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 purchasing an additional 71 shares during the period. Alpine Bank Wealth Management acquired a new stake in FedEx in the first quarter valued at $65,000. Finally, Motco increased its holdings in FedEx by 61.8% in the first quarter. Motco now owns 267 shares of the shipping service provider’s stock valued at $65,000 after purchasing an additional 102 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Jefferies Financial Group increased 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. Raymond James Financial reaffirmed an “outperform” rating and set a $255.00 price target on shares of FedEx in a research report on Thursday, September 18th. Citigroup upped their price target on shares of FedEx from $275.00 to $279.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Evercore ISI cut their price target on shares of FedEx from $243.00 to $239.00 in a research report on Friday, September 19th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $274.00 price target (down previously from $284.00) on shares of FedEx in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $271.83.

FedEx Price Performance

FDX stock opened at $235.39 on Thursday. The stock has a market capitalization of $55.54 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 1.31 and a beta of 1.28. The company’s 50-day moving average is $231.44 and its 200-day moving average is $225.68. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53.

FedEx (NYSE:FDX) last released its quarterly earnings data 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. The company had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.60 EPS. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. Equities research analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Monday, September 8th were given a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, September 8th. FedEx’s dividend payout ratio is 33.86%.

About FedEx

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.