AQR Capital Management LLC Sells 25,691 Shares of FedEx Corporation $FDX

AQR Capital Management LLC reduced its holdings in shares of FedEx Corporation (NYSE:FDX - Free Report) by 17.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 119,356 shares of the shipping service provider's stock after selling 25,691 shares during the quarter. AQR Capital Management LLC's holdings in FedEx were worth $28,824,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Abound Financial LLC acquired a new stake in shares of FedEx in the 1st quarter valued at approximately $38,000. Ameriflex Group Inc. acquired a new stake in FedEx during the 4th quarter valued at $43,000. WPG Advisers LLC acquired a new stake in FedEx during the 1st quarter valued at $43,000. Cary Street Partners Investment Advisory LLC lifted its holdings in FedEx by 60.7% during 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 purchasing an additional 71 shares during the last quarter. Finally, SOA Wealth Advisors LLC. lifted its holdings in shares of FedEx by 60.6% during the first quarter. SOA Wealth Advisors LLC. now owns 249 shares of the shipping service provider's stock worth $61,000 after buying an additional 94 shares in the last quarter. 84.47% of the stock is owned by institutional investors.

FedEx Trading Up 0.4%

FDX stock traded up $0.83 during trading on Tuesday, hitting $225.83. The company had a trading volume of 1,192,227 shares, compared to its average volume of 1,621,838. The business has a 50-day moving average of $230.50 and a 200-day moving average of $227.99. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53. The stock has a market cap of $53.28 billion, a PE ratio of 13.38, a PEG ratio of 1.18 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 (NYSE:FDX - Get Free Report) last announced its earnings results 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. The business had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.86 billion. FedEx had a return on equity of 16.34% and a net margin of 4.65%.During the same period in the prior year, the business posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Research analysts predict that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

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

Insider Buying and Selling

In related news, Director Marvin R. Ellison sold 3,610 shares of the stock in a transaction 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director R Brad Martin sold 2,123 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the transaction, the director owned 8,935 shares in the company, valued at approximately $2,160,036.25. This represents a 19.20% 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 worth $2,228,816 in the last ninety days. Corporate insiders own 0.53% of the company's stock.

Analyst Ratings Changes

FDX has been the subject of a number of analyst reports. Stephens reaffirmed an "overweight" rating and issued a $300.00 price target on shares of FedEx in a research note on Tuesday, May 20th. JPMorgan Chase & Co. lowered their target price on FedEx from $290.00 to $285.00 and set an "overweight" rating for the company in a research note on Friday. Barclays reissued an "overweight" rating and set a $320.00 target price (down previously from $330.00) on shares of FedEx in a research note on Wednesday, June 25th. TD Cowen lowered their target price on FedEx from $310.00 to $269.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Finally, Truist Financial reissued a "buy" rating and set a $275.00 target price on shares of FedEx in a research note on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $282.75.

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.