Cresset Asset Management LLC Sells 2,566 Shares of FedEx Corporation $FDX

Cresset Asset Management LLC trimmed its position in shares of FedEx Corporation (NYSE:FDX) by 11.9% during the 2nd quarter, Holdings Channel reports. The fund owned 19,079 shares of the shipping service provider’s stock after selling 2,566 shares during the period. Cresset Asset Management LLC’s holdings in FedEx were worth $4,365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FDX. Vanguard Group Inc. raised its stake in FedEx by 1.0% during the second quarter. Vanguard Group Inc. now owns 20,700,326 shares of the shipping service provider’s stock valued at $4,705,391,000 after purchasing an additional 211,165 shares in the last quarter. Dodge & Cox grew its stake in shares of FedEx by 4.7% in the 2nd quarter. Dodge & Cox now owns 14,482,494 shares of the shipping service provider’s stock worth $3,292,016,000 after buying an additional 649,426 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of FedEx by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock worth $1,124,524,000 after buying an additional 28,450 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of FedEx by 2.1% in the 2nd quarter. Franklin Resources Inc. now owns 4,545,371 shares of the shipping service provider’s stock worth $1,033,208,000 after buying an additional 94,136 shares during the last quarter. Finally, Valeo Financial Advisors LLC lifted its holdings in shares of FedEx by 28,080.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after acquiring an additional 3,730,273 shares during the last quarter. 84.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on FDX shares. Citigroup lifted their price target on FedEx from $279.00 to $310.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Wall Street Zen upgraded FedEx from a “hold” rating to a “buy” rating in a report on Sunday, October 12th. Jefferies Financial Group boosted their target price on FedEx from $275.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Dbs Bank upgraded FedEx from a “hold” rating to a “moderate buy” rating in a report on Thursday, August 21st. Finally, Stifel Nicolaus lifted their price objective on shares of FedEx from $296.00 to $297.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $278.88.

FedEx Trading Down 0.1%

FDX opened at $273.78 on Monday. 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 stock’s 50 day moving average price is $253.58 and its 200-day moving average price is $237.01. FedEx Corporation has a one year low of $194.29 and a one year high of $295.24. The stock has a market cap of $64.60 billion, a price-to-earnings ratio of 15.98, a P/E/G ratio of 1.42 and a beta of 1.32.

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. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.74 billion. FedEx had a return on equity of 16.33% and a net margin of 4.65%.FedEx’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $3.60 EPS. 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 year.

FedEx Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 15th will be paid a dividend of $1.45 per share. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Monday, December 15th. FedEx’s payout ratio is currently 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.