Ascent Group LLC Has $967,000 Holdings in FedEx Corporation $FDX

Key Points

• Ascent Group LLC reduced its stake in FedEx Corporation by 38.2% during the 1st quarter, owning approximately 3,968 shares valued at $967,000.
• FedEx's recent quarterly earnings showed an EPS of $6.07, exceeding analysts' expectations, with revenues reaching $22.20 billion.
• The company declared a quarterly dividend of $1.45, resulting in an annualized payout of $5.80 and a yield of 2.6%.

Ascent Group LLC lessened its stake in FedEx Corporation (NYSE:FDX - Free Report) by 38.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,968 shares of the shipping service provider's stock after selling 2,451 shares during the quarter. Ascent Group LLC's holdings in FedEx were worth $967,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in FDX. Abound Financial LLC acquired a new stake in shares of FedEx during the 1st quarter worth approximately $38,000. Ameriflex Group Inc. acquired a new stake in shares of FedEx during the 4th quarter worth approximately $43,000. WPG Advisers LLC acquired a new stake in shares of FedEx during the 1st quarter worth approximately $43,000. Cary Street Partners Investment Advisory LLC grew its position in shares of 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 worth $46,000 after buying an additional 71 shares during the period. Finally, SOA Wealth Advisors LLC. grew its position in shares of FedEx by 60.6% during the 1st 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 during the period. Institutional investors and hedge funds own 84.47% of the company's stock.

FedEx Stock Performance

Shares of FDX opened at $225.83 on Wednesday. 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 Corporation has a twelve month low of $194.29 and a twelve month high of $308.53. The firm's 50 day moving average price is $230.50 and its two-hundred day moving average price is $227.99. The firm has a market cap of $53.28 billion, a P/E ratio of 13.38, a PEG ratio of 1.18 and a beta of 1.20.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, beating 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 firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. During the same quarter in the previous year, the firm posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.6%. FedEx's payout ratio is presently 34.36%.

Analyst Ratings Changes

Several brokerages have recently commented on FDX. Sanford C. Bernstein lowered their price target on shares of FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a research report on Friday, June 13th. Barclays reiterated 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. Truist Financial reiterated a "buy" rating and set a $275.00 price target on shares of FedEx in a research report on Wednesday, June 25th. TD Cowen reduced their price objective on shares of FedEx from $310.00 to $269.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Finally, Susquehanna lifted their price objective on shares of FedEx from $290.00 to $295.00 and gave the stock a "positive" rating in a research note on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, FedEx has an average rating of "Moderate Buy" and a consensus price target of $282.75.

Insider Buying and Selling at FedEx

In other FedEx news, Director Paul S. Walsh sold 3,610 shares of FedEx stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total value of $860,226.90. Following the transaction, the director owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. The trade was a 18.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total transaction of $855,353.40. Following the completion of the transaction, the director directly owned 7,720 shares in the company, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,343 shares of company stock valued at $2,228,816. 0.53% of the stock is currently owned by corporate insiders.

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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