Asio Capital LLC Has $3.85 Million Stock Position in FedEx Corporation $FDX

Key Points

• Asio Capital LLC reduced its stake in FedEx by 26.4% during the second quarter, owning 16,810 shares worth approximately $3.85 million after selling 6,016 shares.
• Insider selling was noted, with Director Marvin R. Ellison and Director Paul S. Walsh each selling 3,610 shares, reducing their positions by 31.86% and 18.88% respectively.
• FedEx reported a net income of $3.83 per share for its latest quarter, outperforming analyst estimates, while also setting a FY 2026 EPS guidance of 17.200-19.000.

Asio Capital LLC cut its stake in FedEx Corporation (NYSE:FDX - Free Report) by 26.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,810 shares of the shipping service provider's stock after selling 6,016 shares during the period. Asio Capital LLC's holdings in FedEx were worth $3,845,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. HB Wealth Management LLC raised its stake in FedEx by 5.3% during the second quarter. HB Wealth Management LLC now owns 30,823 shares of the shipping service provider's stock worth $7,007,000 after acquiring an additional 1,547 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of FedEx by 8.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 93,348 shares of the shipping service provider's stock worth $21,219,000 after purchasing an additional 7,004 shares in the last quarter. Smith Anglin Financial LLC lifted its holdings in FedEx by 73.8% during the 2nd quarter. Smith Anglin Financial LLC now owns 6,801 shares of the shipping service provider's stock valued at $1,546,000 after purchasing an additional 2,889 shares during the last quarter. Avondale Wealth Management boosted its position in FedEx by 200.0% in the second quarter. Avondale Wealth Management now owns 600 shares of the shipping service provider's stock valued at $136,000 after buying an additional 400 shares in the last quarter. Finally, GC Wealth Management RIA LLC bought a new stake in FedEx during the second quarter worth about $361,000. Institutional investors and hedge funds own 84.47% of the company's stock.

Insiders Place Their Bets

In related news, 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 transaction, the director owned 7,720 shares of the company's stock, valued at $1,829,176.80. This trade represents a 31.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul S. Walsh sold 3,610 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $238.29, for a total transaction of $860,226.90. Following the completion of the sale, the director directly owned 15,513 shares of the company's stock, valued at $3,696,592.77. The trade was a 18.88% 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 worth $2,228,816. Insiders own 0.53% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on FDX shares. UBS Group lifted their target price on shares of FedEx from $293.00 to $314.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Daiwa Capital Markets lifted their price objective on FedEx from $232.00 to $240.00 and gave the company a "neutral" rating in a research report on Monday, September 22nd. Bank of America boosted their price objective on FedEx from $240.00 to $244.00 and gave the stock a "neutral" rating in a research note on Friday, September 19th. Sanford C. Bernstein raised their target price on FedEx from $247.00 to $250.00 and gave the company a "market perform" rating in a research note on Monday, September 22nd. Finally, Vertical Research reduced their price target on shares of FedEx from $280.00 to $275.00 in a research report on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $271.67.

FedEx Stock Down 0.5%

Shares of NYSE:FDX opened at $236.53 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. The stock has a market cap of $55.81 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 1.32 and a beta of 1.20. The company has a 50 day moving average of $229.52 and a 200-day moving average of $225.86. FedEx Corporation has a one year low of $194.29 and a one year high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last announced its quarterly earnings data on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.71 by $0.12. The firm had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.74 billion. FedEx had a net margin of 4.65% and a return on equity of 16.33%. The business's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $3.60 earnings per share. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, sell-side analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 2.5%. FedEx's dividend payout ratio is presently 33.86%.

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.

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