Horrell Capital Management Inc. Sells 2,245 Shares of FedEx Corporation $FDX

Horrell Capital Management Inc. cut its position in shares of FedEx Corporation (NYSE:FDX) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,200 shares of the shipping service provider’s stock after selling 2,245 shares during the quarter. FedEx makes up about 2.5% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 14th largest position. Horrell Capital Management Inc.’s holdings in FedEx were worth $5,942,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of FDX. Crestwood Advisors Group LLC lifted its position in FedEx by 5.3% in the 3rd quarter. Crestwood Advisors Group LLC now owns 1,419 shares of the shipping service provider’s stock worth $335,000 after buying an additional 71 shares during the last quarter. NEOS Investment Management LLC raised its stake in shares of FedEx by 45.7% during the third quarter. NEOS Investment Management LLC now owns 25,129 shares of the shipping service provider’s stock worth $5,926,000 after acquiring an additional 7,876 shares in the last quarter. Rothschild Investment LLC lifted its holdings in shares of FedEx by 13.1% in the 3rd quarter. Rothschild Investment LLC now owns 15,602 shares of the shipping service provider’s stock worth $3,679,000 after acquiring an additional 1,803 shares during the last quarter. denkapparat Operations GmbH purchased a new stake in shares of FedEx in the 3rd quarter valued at $811,000. Finally, Summitry LLC purchased a new stake in shares of FedEx in the 3rd quarter valued at $202,000. 84.47% of the stock is owned by hedge funds and other institutional investors.

FedEx Price Performance

Shares of FDX stock opened at $375.27 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. FedEx Corporation has a fifty-two week low of $194.29 and a fifty-two week high of $381.99. The firm has a market cap of $88.23 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.81 and a beta of 1.34. The business’s 50 day moving average price is $315.52 and its 200-day moving average price is $268.70.

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

FedEx Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 9th will be paid a $1.45 dividend. This represents a $5.80 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, March 9th. FedEx’s dividend payout ratio is presently 31.97%.

Analyst Ratings Changes

A number of equities analysts recently commented on FDX shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $479.00 target price on shares of FedEx in a research report on Friday. BMO Capital Markets boosted their target price on FedEx from $290.00 to $400.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. Wolfe Research raised their price target on FedEx from $355.00 to $394.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Stephens boosted their price objective on FedEx from $330.00 to $405.00 and gave the company an “overweight” rating in a research report on Friday. Finally, HSBC increased their price objective on FedEx from $235.00 to $285.00 and gave the company a “hold” rating in a research note on Friday, December 19th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $358.00.

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.