Commerzbank Aktiengesellschaft FI Lowers Stake in FedEx Corporation $FDX

Commerzbank Aktiengesellschaft FI cut its stake in FedEx Corporation (NYSE:FDX) by 52.0% during the first quarter, HoldingsChannel reports. The firm owned 21,708 shares of the shipping service provider’s stock after selling 23,490 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in FedEx were worth $7,732,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in FDX. Hollencrest Capital Management bought a new position in FedEx in the 1st quarter worth about $25,000. Bayban purchased a new position in shares of FedEx during the first quarter worth approximately $26,000. EFG International AG bought a new stake in shares of FedEx during the fourth quarter valued at approximately $27,000. Wealth Watch Advisors INC bought a new stake in shares of FedEx during the third quarter valued at approximately $28,000. Finally, Ulland Investment Advisors LLC purchased a new stake in shares of FedEx in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on FDX. BNP Paribas Exane dropped their price objective on FedEx from $335.00 to $269.76 and set a “neutral” rating on the stock in a research note on Tuesday, June 2nd. Evercore set a $165.00 target price on FedEx in a report on Friday, June 26th. Stifel Nicolaus dropped their price target on FedEx from $442.00 to $326.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. TD Cowen cut their price target on FedEx from $426.00 to $354.00 in a research note on Wednesday, June 24th. Finally, Weiss Ratings downgraded FedEx from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, FedEx has a consensus rating of “Moderate Buy” and a consensus target price of $350.54.

Insider Buying and Selling at FedEx

In other news, Director Paul S. Walsh sold 5,042 shares of FedEx stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $324.56, for a total value of $1,636,431.52. Following the transaction, the director owned 16,359 shares of the company’s stock, valued at $5,309,477.04. The trade was a 23.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.53% of the company’s stock.

FedEx Trading Down 2.2%

FDX opened at $306.08 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. The firm has a market cap of $73.03 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 1.61 and a beta of 1.29. FedEx Corporation has a 12 month low of $172.88 and a 12 month high of $345.36. The stock has a fifty day moving average price of $340.67 and a 200-day moving average price of $349.72.

FedEx (NYSE:FDX) last issued its quarterly earnings data on Tuesday, June 23rd. The shipping service provider reported $6.31 earnings per share for the quarter, beating analysts’ consensus estimates of $5.91 by $0.40. FedEx had a return on equity of 16.49% and a net margin of 4.68%.The company had revenue of $25.01 billion for the quarter, compared to the consensus estimate of $24.04 billion. During the same quarter last year, the company earned $6.07 earnings per share. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. FedEx has set its FY 2027 guidance at 16.900-18.100 EPS. As a group, equities research analysts anticipate that FedEx Corporation will post 17.6 earnings per share for the current fiscal year.

FedEx Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Monday, June 22nd were issued a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, June 22nd. FedEx’s dividend payout ratio (DPR) is currently 26.36%.

FedEx 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.