Ameriprise Financial Inc. Sells 379,062 Shares of FedEx Corporation $FDX

Key Points

• Ameriprise Financial Inc. has reduced its stock holdings in FedEx Corporation by 22.3%, now owning approximately 1.32 million shares valued at $320.98 million.
• Several institutional investors have recently increased their positions in FedEx, with notable new investments from Accredited Wealth Management LLC and Abound Financial LLC.
• FedEx is set to pay a quarterly dividend of $1.45 per share on October 1st, reflecting an annualized yield of 2.5% and a payout ratio of 34.36%.

Ameriprise Financial Inc. reduced its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 22.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,321,174 shares of the shipping service provider's stock after selling 379,062 shares during the quarter. Ameriprise Financial Inc. owned about 0.55% of FedEx worth $320,982,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Accredited Wealth Management LLC bought a new stake in FedEx during the 4th quarter worth about $35,000. Optiver Holding B.V. bought a new stake in shares of FedEx in the 4th quarter valued at about $39,000. Abound Financial LLC bought a new stake in shares of FedEx in the 1st quarter valued at about $38,000. Ameriflex Group Inc. bought a new stake in shares of FedEx in the 4th quarter valued at about $43,000. Finally, Cary Street Partners Investment Advisory LLC increased its stake in shares of FedEx by 60.7% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 188 shares of the shipping service provider's stock valued at $46,000 after acquiring an additional 71 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

Insider Transactions at FedEx

In other news, Director Paul S. Walsh sold 3,610 shares of the company'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 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Marvin R. Ellison sold 3,610 shares of the stock in a transaction 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 completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 9,343 shares of company stock worth $2,228,816 in the last 90 days. Corporate insiders own 0.53% of the company's stock.

FedEx Stock Up 0.4%

NYSE:FDX traded up $1.01 during trading hours on Wednesday, reaching $232.11. 1,066,642 shares of the stock were exchanged, compared to its average volume of 1,969,291. FedEx Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. The firm has a 50 day moving average of $230.24 and a 200 day moving average of $230.49. The stock has a market cap of $54.77 billion, a PE ratio of 13.75, a PEG ratio of 1.21 and a beta of 1.30.

FedEx (NYSE:FDX - Get Free Report) last announced 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 return on equity of 16.34% and a net margin of 4.65%.The company 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 business posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, equities analysts expect that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.5%. FedEx's dividend payout ratio is currently 34.36%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen cut FedEx from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Citigroup lowered their price target on FedEx from $278.00 to $275.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Wells Fargo & Company upped their price target on FedEx from $220.00 to $235.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 25th. Stifel Nicolaus set a $315.00 price target on FedEx in a research note on Wednesday, June 25th. Finally, Stephens reiterated an "overweight" rating and issued a $300.00 price objective on shares of FedEx in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.