Advisors Asset Management Inc. Reduces Position in FedEx Corporation $FDX

Key Points

• Advisors Asset Management Inc. reduced its stake in FedEx by 8.8%, selling 7,304 shares, and its holdings are now valued at $18.5 million.
• Several institutional investors are changing their positions in FedEx, with Golden State Wealth Management LLC increasing its stake by 21.1%.
• FedEx announced a quarterly dividend of $1.45 per share, which will be paid to shareholders on October 1st, reflecting an annualized dividend yield of 2.6%.

Advisors Asset Management Inc. trimmed its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 8.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,907 shares of the shipping service provider's stock after selling 7,304 shares during the period. Advisors Asset Management Inc.'s holdings in FedEx were worth $18,505,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Abound Financial LLC purchased a new stake in FedEx during the first quarter valued at about $38,000. Ameriflex Group Inc. purchased a new stake in shares of FedEx during the fourth quarter worth about $43,000. WPG Advisers LLC purchased a new stake in shares of FedEx during the first quarter worth about $43,000. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of FedEx by 60.7% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock worth $46,000 after purchasing an additional 71 shares during the period. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of FedEx during the fourth quarter worth about $70,000. 84.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Raymond James Financial reissued an "outperform" rating and issued a $260.00 price target (down from $275.00) on shares of FedEx in a research note on Wednesday, June 25th. Cowen reissued a "buy" rating on shares of FedEx in a research note on Wednesday, June 25th. TD Cowen decreased their price target on shares of FedEx from $310.00 to $269.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Dbs Bank raised shares of FedEx from a "hold" rating to a "moderate buy" rating in a research note on Thursday, August 21st. Finally, Stephens reissued an "overweight" rating and issued a $300.00 price target on shares of FedEx in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $282.75.

Insider Buying and Selling

In related news, Director Marvin R. Ellison sold 3,610 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the sale, the director owned 7,720 shares in the company, valued at approximately $1,829,176.80. This trade represents a 31.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul S. Walsh sold 3,610 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the sale, the director owned 15,513 shares in the company, valued at $3,696,592.77. This represents a 18.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,343 shares of company stock worth $2,228,816. 0.53% of the stock is owned by insiders.

FedEx Stock Up 1.0%

Shares of NYSE FDX traded up $2.15 on Friday, reaching $227.43. 1,665,375 shares of the company's stock traded hands, compared to its average volume of 1,576,301. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The business's 50 day simple moving average is $230.73 and its two-hundred day simple moving average is $228.49. The company has a market cap of $53.66 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. FedEx had a net margin of 4.65% and a return on equity of 16.34%. The firm had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.86 billion. During the same quarter in the prior year, the company posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, equities research analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 8th will be issued a $1.45 dividend. The ex-dividend date is Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.6%. FedEx's dividend payout ratio (DPR) is currently 34.36%.

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.