Amundi Sells 316,774 Shares of FedEx Corporation $FDX

Key Points

• Amundi has reduced its holdings in FedEx Corporation (FDX) by 51.4%, selling 316,774 shares, now owning 300,079 shares valued at approximately $73 million.
• FedEx reported a Q1 EPS of $6.07, exceeding estimates, and has set guidance for Q1 2026 EPS between 3.400-4.000.
• The company recently announced a quarterly dividend of $1.45 per share, representing an annualized dividend of $5.80 and a yield of 2.6%.

Amundi trimmed its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 51.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 300,079 shares of the shipping service provider's stock after selling 316,774 shares during the quarter. Amundi owned 0.13% of FedEx worth $73,153,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of FDX. Nuveen LLC bought a new stake in FedEx during the 1st quarter worth approximately $314,650,000. ACR Alpine Capital Research LLC increased its stake in FedEx by 85.9% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,585,033 shares of the shipping service provider's stock worth $386,399,000 after purchasing an additional 732,266 shares in the last quarter. GAMMA Investing LLC increased its stake in FedEx by 18,202.1% during the 1st quarter. GAMMA Investing LLC now owns 545,586 shares of the shipping service provider's stock worth $133,003,000 after purchasing an additional 542,605 shares in the last quarter. Worldquant Millennium Advisors LLC increased its stake in FedEx by 276.1% during the 4th quarter. Worldquant Millennium Advisors LLC now owns 433,789 shares of the shipping service provider's stock worth $122,038,000 after purchasing an additional 318,448 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in FedEx by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 20,489,161 shares of the shipping service provider's stock worth $4,994,848,000 after acquiring an additional 289,655 shares during the last quarter. 84.47% of the stock is owned by institutional investors.

FedEx Trading Up 1.0%

NYSE FDX opened at $227.43 on Friday. The company has a market cap of $53.66 billion, a PE ratio of 13.47, a PEG ratio of 1.19 and a beta of 1.20. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. The stock has a 50 day moving average of $230.73 and a 200-day moving average of $228.49.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $21.86 billion. During the same quarter 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 research analysts anticipate that FedEx Corporation will post 19.14 EPS for the current fiscal 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 given a $1.45 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 annualized dividend and a dividend yield of 2.6%. FedEx's dividend payout ratio is presently 34.36%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FDX. Susquehanna upped their price target on FedEx from $290.00 to $295.00 and gave the stock a "positive" rating 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, August 21st. Wells Fargo & Company upped their price target on FedEx from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 25th. Wall Street Zen downgraded FedEx from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Barclays reaffirmed an "overweight" rating and set a $320.00 price target (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. One research 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 given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $282.75.

Insider Activity

In other news, Director R Brad Martin sold 2,123 shares of the stock in a transaction dated 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 $2,160,036.25. This represents a 19.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marvin R. Ellison sold 3,610 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was 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 of the company's stock, 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 have sold 9,343 shares of company stock valued at $2,228,816 over the last ninety days. 0.53% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.