Alliancebernstein L.P. Has $66.75 Million Stock Holdings in FedEx Corporation $FDX

Key Points

• Alliancebernstein L.P. reduced its stake in FedEx Corporation by 2.6%, now holding approximately $66.75 million in shares after selling 7,419 shares in the first quarter.
• Various institutional investors have increased their stakes in FedEx, with Banque Transatlantique SA upping its position by 186.5% during the first quarter.
• Analysts have set a consensus price target of $282.75 for FedEx, with ratings ranging from "Strong Buy" to "Sell" among industry analysts.

Alliancebernstein L.P. trimmed its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,805 shares of the shipping service provider's stock after selling 7,419 shares during the quarter. Alliancebernstein L.P. owned approximately 0.11% of FedEx worth $66,748,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Banque Transatlantique SA increased its position in FedEx by 186.5% during the 1st quarter. Banque Transatlantique SA now owns 616 shares of the shipping service provider's stock worth $139,000 after purchasing an additional 401 shares in the last quarter. Aprio Wealth Management LLC increased its position in FedEx by 12.2% in the 1st quarter. Aprio Wealth Management LLC now owns 1,536 shares of the shipping service provider's stock valued at $374,000 after acquiring an additional 167 shares during the period. Perbak Capital Partners LLP acquired a new position in FedEx in the 1st quarter valued at approximately $239,000. Focus Partners Advisor Solutions LLC increased its position in FedEx by 70.5% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 1,647 shares of the shipping service provider's stock valued at $402,000 after acquiring an additional 681 shares during the period. Finally, Retirement Planning Co of New England Inc. increased its position in FedEx by 6.9% in the 1st quarter. Retirement Planning Co of New England Inc. now owns 864 shares of the shipping service provider's stock valued at $211,000 after acquiring an additional 56 shares during the period. 84.47% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on FDX. Stephens restated an "overweight" rating and issued a $300.00 price target on shares of FedEx in a research report on Tuesday, May 20th. BNP Paribas Exane upgraded shares of FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target for the company in a research report on Thursday, July 3rd. BMO Capital Markets decreased their price target on shares of FedEx from $275.00 to $260.00 and set a "market perform" rating for the company in a research report on Monday, May 19th. Truist Financial restated a "buy" rating and issued a $275.00 price target on shares of FedEx in a research report on Wednesday, June 25th. Finally, 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 report on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $282.75.

FedEx Trading Up 1.0%

FDX opened at $227.43 on Friday. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average of $230.73 and a 200-day moving average of $228.49. The stock has a market cap of $53.66 billion, a PE ratio of 13.47, a price-to-earnings-growth ratio of 1.19 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.98 by $0.09. The business had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. FedEx had a net margin of 4.65% and a return on equity of 16.34%. During the same period in the prior year, the firm earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, sell-side analysts predict 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 Wednesday, October 1st. Investors of record on Monday, September 8th will be paid a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.6%. FedEx's dividend payout ratio is currently 34.36%.

Insider Buying and Selling

In other FedEx news, Director R Brad Martin sold 2,123 shares of the firm's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $241.75, for a total value of $513,235.25. Following the transaction, the director directly owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. This trade represents a 19.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marvin R. Ellison sold 3,610 shares of the firm's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the transaction, the director directly owned 7,720 shares in the company, valued at $1,829,176.80. This trade represents a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,343 shares of company stock valued at $2,228,816 over the last ninety days. 0.53% of the stock is owned by corporate insiders.

FedEx Profile

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.

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