American Century Companies Inc. Purchases 14,918 Shares of FedEx Corporation $FDX

Key Points

• American Century Companies Inc. increased its position in FedEx by 3.4%, acquiring an additional 14,918 shares, bringing its total ownership to 453,965 shares valued at approximately $110.7 million.
• Directors R Brad Martin and Paul S. Walsh recently sold 2,123 and 3,610 shares respectively, indicating a decrease in their positions by 19.20% and 18.88%.
• FedEx declared a quarterly dividend of $1.45 per share, yielding 2.6%, with the payment date set for October 1st.

American Century Companies Inc. increased its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 453,965 shares of the shipping service provider's stock after purchasing an additional 14,918 shares during the period. American Century Companies Inc. owned approximately 0.19% of FedEx worth $110,668,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its stake in shares of FedEx by 21.1% in the 1st quarter. Golden State Wealth Management LLC now owns 362 shares of the shipping service provider's stock valued at $88,000 after acquiring an additional 63 shares in the last quarter. NBC Securities Inc. bought a new stake in FedEx in the first quarter valued at $147,000. Farther Finance Advisors LLC raised its holdings in shares of FedEx by 27.6% during the first quarter. Farther Finance Advisors LLC now owns 2,223 shares of the shipping service provider's stock valued at $538,000 after purchasing an additional 481 shares during the period. Parvin Asset Management LLC bought a new position in shares of FedEx during the 4th quarter worth about $281,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of FedEx by 6.1% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 160,596 shares of the shipping service provider's stock worth $39,150,000 after purchasing an additional 9,216 shares in the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Stock Down 2.5%

Shares of FDX traded down $5.9050 during trading hours on Wednesday, reaching $227.2250. 1,284,225 shares of the stock traded hands, compared to its average volume of 1,986,833. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The stock has a fifty day simple moving average of $229.63 and a 200 day simple moving average of $231.28. FedEx Corporation has a 52 week low of $194.29 and a 52 week high of $308.53. The company has a market cap of $53.60 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.19 and a beta of 1.30.

FedEx (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, topping 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 business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $21.86 billion. During the same period in the prior year, the firm posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, equities analysts forecast that FedEx Corporation will post 19.14 EPS for the current year.

FedEx Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Monday, September 8th. FedEx's dividend payout ratio is 34.36%.

Insider Activity

In related news, Director R Brad Martin sold 2,123 shares of the firm's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the completion of the sale, the director owned 8,935 shares in the company, 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 SEC, which is accessible through this link. Also, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction dated 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 directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,343 shares of company stock valued at $2,228,816 in the last ninety days. 8.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FDX shares. Wells Fargo & Company boosted their target price on FedEx from $220.00 to $235.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 25th. Citigroup decreased their price objective on FedEx from $278.00 to $275.00 and set a "buy" rating for the company in a report on Monday. Wall Street Zen lowered FedEx from a "buy" rating to a "hold" rating in a research report on Saturday. BMO Capital Markets cut their target price on FedEx from $275.00 to $260.00 and set a "market perform" rating on the stock in a report on Monday, May 19th. Finally, Bank of America decreased their price target on shares of FedEx from $270.00 to $245.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $283.13.

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.