Allstate Corp Has $920,000 Stock Position in FedEx Corporation $FDX

Key Points

• Allstate Corp has reduced its stake in FedEx by 45.1%, now holding 3,775 shares valued at $920,000, according to a recent SEC filing.
• Insider trading shows that FedEx directors sold a total of 9,343 shares worth over $2.2 million in the past 90 days.
• Analysts maintain a Moderate Buy consensus rating on FedEx, with an average price target set at $283.13.

Allstate Corp trimmed its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 45.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,775 shares of the shipping service provider's stock after selling 3,100 shares during the period. Allstate Corp's holdings in FedEx were worth $920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FDX. Norinchukin Bank The increased its position in FedEx by 15.5% in the 1st quarter. Norinchukin Bank The now owns 12,662 shares of the shipping service provider's stock worth $3,087,000 after purchasing an additional 1,700 shares during the last quarter. CW Advisors LLC increased its position in FedEx by 11.9% in the 1st quarter. CW Advisors LLC now owns 27,548 shares of the shipping service provider's stock worth $6,714,000 after purchasing an additional 2,923 shares during the last quarter. Candriam S.C.A. increased its position in FedEx by 0.7% in the 1st quarter. Candriam S.C.A. now owns 21,173 shares of the shipping service provider's stock worth $5,162,000 after purchasing an additional 140 shares during the last quarter. EntryPoint Capital LLC acquired a new position in FedEx in the 1st quarter worth about $413,000. Finally, Credit Agricole S A increased its position in FedEx by 14.8% in the 1st quarter. Credit Agricole S A now owns 102,655 shares of the shipping service provider's stock worth $25,025,000 after purchasing an additional 13,222 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity at FedEx

In related news, Director Marvin R. Ellison sold 3,610 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the sale, the director owned 7,720 shares in the company, valued at $1,829,176.80. This represents a 31.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director R Brad Martin sold 2,123 shares of the stock in a transaction that occurred 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 sale, the director owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. The trade was a 19.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock worth $2,228,816 in the last 90 days. 0.53% of the stock is owned by company insiders.

Analysts Set New Price Targets

FDX has been the topic of several research reports. Raymond James Financial reaffirmed an "outperform" rating and issued a $260.00 target price (down from $275.00) on shares of FedEx in a research report on Wednesday, June 25th. Dbs Bank raised FedEx from a "hold" rating to a "moderate buy" rating in a research report on Thursday. Susquehanna upped their target price on FedEx from $290.00 to $295.00 and gave the stock a "positive" rating in a research report on Wednesday, June 25th. BMO Capital Markets dropped their target price on FedEx from $275.00 to $260.00 and set a "market perform" rating on the stock in a research report on Monday, May 19th. Finally, Wall Street Zen downgraded FedEx from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. One 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 assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $283.13.

FedEx Stock Performance

FDX opened at $236.1910 on Monday. The company has a market cap of $55.73 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30. The stock has a 50-day moving average of $229.94 and a 200-day moving average of $230.65. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.15 and a current ratio of 1.19.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly 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 company had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same quarter in the prior year, the company posted $5.41 EPS. 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 earnings per share for the current fiscal year.

FedEx Announces Dividend

The firm 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 is Monday, September 8th. This represents a $5.80 annualized dividend and a yield of 2.5%. FedEx's dividend payout ratio is presently 34.36%.

FedEx Company 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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