Evolve Private Wealth LLC purchased a new position in FedEx Corporation (NYSE:FDX - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,823 shares of the shipping service provider's stock, valued at approximately $2,145,000.
Several other institutional investors and hedge funds have also recently modified their holdings of FDX. Hollencrest Capital Management purchased a new position in shares of FedEx in the first quarter worth $25,000. Bayban purchased a new position in FedEx during the first quarter valued at $26,000. EFG International AG bought a new stake in FedEx in the 4th quarter valued at $27,000. Wealth Watch Advisors INC purchased a new stake in FedEx in the 3rd quarter worth $28,000. Finally, Tucker Asset Management LLC purchased a new stake in FedEx in the 4th quarter worth $29,000. Institutional investors own 84.47% of the company's stock.
Insiders Place Their Bets
In other news, Director Paul S. Walsh sold 5,042 shares of the stock in a transaction 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 sale, the director owned 16,359 shares of the company's stock, valued at approximately $5,309,477.04. This represents a 23.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.53% of the stock is owned by company insiders.
Trending Headlines about FedEx
Here are the key news stories impacting FedEx this week:
- Positive Sentiment: FedEx’s board declared a quarterly cash dividend of $1.22 per share, payable October 1 to shareholders of record on September 14. The unchanged dividend reinforces the company’s commitment to returning capital and may support income-oriented investor interest. FedEx Corp. Board Declares Quarterly Dividend
- Positive Sentiment: FedEx and UPS reportedly secured modifications to government delivery contracts, potentially providing additional volume and revenue visibility for FedEx’s network. UPS and FedEx land government delivery contract modifications
- Neutral Sentiment: Wall Street analysts remain cautiously optimistic about FedEx, citing its strong performance over the past year but maintaining a measured outlook on future prospects. This suggests support for the stock but limited expectations for near-term upside. Are Wall Street Analysts Bullish on FedEx Stock?
- Negative Sentiment: Reports that UPS, FedEx and DHL are returning billions in tariff-related charges to eligible U.S. customers could create reimbursement costs and administrative complexity, although the ultimate financial impact on FedEx remains unclear. UPS, FedEx and DHL are giving back billions in Trump tariffs
- Negative Sentiment: FedEx reportedly paid its top executives $81 million in fiscal 2026, a 131% increase from the prior year. The sharp rise may draw investor scrutiny regarding compensation discipline and corporate governance. Memphis-based FedEx paid top executives $81M
- Negative Sentiment: Amazon’s planned expansion of drone delivery to nearly 500 U.S. cities increases competitive pressure in last-mile shipping and could challenge FedEx’s parcel volumes over time. Amazon to Bring Drone Delivery to 500 Cities
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Jefferies Financial Group assumed coverage on FedEx in a research report on Tuesday, June 23rd. They set a "buy" rating and a $200.00 price objective for the company. Bank of America boosted their target price on FedEx from $376.00 to $378.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. UBS Group cut their price target on FedEx from $445.00 to $350.00 and set a "buy" rating for the company in a report on Wednesday, June 24th. Seaport Research Partners initiated coverage on FedEx in a research note on Wednesday, May 27th. They issued a "buy" rating on the stock. Finally, Sanford C. Bernstein set a $397.00 price objective on FedEx in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $350.54.
Get Our Latest Report on FedEx
FedEx Trading Down 0.3%
FDX opened at $325.03 on Friday. The stock has a 50-day moving average of $319.03 and a 200 day moving average of $351.53. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.74. FedEx Corporation has a 12 month low of $177.05 and a 12 month high of $345.36. The firm has a market cap of $76.92 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.67 and a beta of 1.30.
FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. The business had revenue of $23.26 billion during the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. As a group, research analysts forecast that FedEx Corporation will post 17.6 EPS for the current year.
FedEx Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Monday, September 14th will be paid a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, September 14th. FedEx's payout ratio is presently 26.36%.
FedEx Profile
(
Free Report)
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.
See Also
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