Baxter Bros Inc. Sells 3,538 Shares of FedEx Corporation $FDX

Key Points

• Baxter Bros Inc. cut its FedEx stake by 39.8% in Q4, selling 3,538 shares and leaving it with 5,349 shares worth about $1,545,000.
• There has been notable insider selling lately — EVPs Kawal Preet and Gina F. Adams sold sizable blocks on April 14, and insiders disposed of 48,104 shares (~$17.6M) in the quarter, which could weigh on sentiment.
• Analyst sentiment and fundamentals are constructive: FedEx posted a Q beat with $5.25 EPS vs. $4.12 expected and $24B revenue, analysts have raised price targets and the consensus rating is a "Moderate Buy" with a $398.04 target.

Baxter Bros Inc. reduced its holdings in FedEx Corporation (NYSE:FDX - Free Report) by 39.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,349 shares of the shipping service provider's stock after selling 3,538 shares during the quarter. Baxter Bros Inc.'s holdings in FedEx were worth $1,545,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of FDX. Grey Fox Wealth Advisors LLC bought a new stake in shares of FedEx in the third quarter worth about $27,000. Wealth Watch Advisors INC acquired a new position in shares of FedEx during the third quarter worth about $28,000. Ameriflex Group Inc. boosted its position in shares of FedEx by 103.3% during the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider's stock worth $29,000 after buying an additional 63 shares during the period. Ulland Investment Advisors LLC acquired a new position in shares of FedEx during the fourth quarter worth about $29,000. Finally, ORG Partners LLC boosted its position in FedEx by 50.0% during the fourth quarter. ORG Partners LLC now owns 105 shares of the shipping service provider's stock valued at $30,000 after purchasing an additional 35 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FDX shares. HSBC raised FedEx from a "reduce" rating to a "hold" rating and set a $360.00 price target for the company in a research report on Friday, March 20th. Susquehanna raised their price objective on FedEx from $410.00 to $455.00 and gave the company a "positive" rating in a research report on Friday, March 20th. Stifel Nicolaus raised their price objective on FedEx from $425.00 to $442.00 in a research report on Friday, April 10th. Truist Financial raised their price objective on FedEx from $400.00 to $425.00 and gave the company a "buy" rating in a research report on Friday, March 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $479.00 price objective on shares of FedEx in a research report on Friday, February 13th. Eighteen equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $398.04.

Insiders Place Their Bets

In related news, EVP Kawal Preet sold 4,900 shares of the firm's stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $367.89, for a total transaction of $1,802,661.00. Following the sale, the executive vice president owned 10,953 shares of the company's stock, valued at $4,029,499.17. This trade represents a 30.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Gina F. Adams sold 20,450 shares of the firm's stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $366.45, for a total value of $7,493,902.50. Following the sale, the executive vice president directly owned 19,403 shares in the company, valued at approximately $7,110,229.35. This trade represents a 51.31% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 48,104 shares of company stock worth $17,599,006. 0.53% of the stock is currently owned by company insiders.

FedEx News Summary

Here are the key news stories impacting FedEx this week:

• Positive Sentiment: Multiple analyst upgrades/price‑target raises have pushed sentiment higher — Stephens gave an overweight/strong target (coverage noted by market wires) and other outlets reported raised targets, while Wells Fargo reiterated a buy view. These pushes help explain buying interest. Read More. Read More.
• Positive Sentiment: Management has reaffirmed FY26 and FY29 outlooks after recent results that beat estimates (March quarter EPS and revenue upside), reducing immediate uncertainty around guidance and supporting upside. Read More.
• Neutral Sentiment: FedEx announced its CFO, John Dietrich, will step down effective June 1; Claude Russ is interim while a search is run. The market sees this as noteworthy but management says it follows the planned FedEx Freight spinoff. Read More.
• Neutral Sentiment: CEO comments that tariffs are impacting the business add a macro headwind to monitor (trade policy exposure to costs/pricing). Read More.
• Neutral Sentiment: Broader market/sector moves (consumer stocks rising) may be providing tailwinds for transportation/logistics names including FedEx. Read More.
• Negative Sentiment: Large insider selling today/week: EVP Tracy B. Brightman sold 16,959 shares (~$6.16M) and Director Susan C. Schwab sold 5,795 shares (~$2.14M). Significant insider trimming can be read negatively by some investors. Read More. Read More.
• Negative Sentiment: Additional insider sales (EVPs Gina Adams and Kawal Preet sold sizable stakes earlier this week) add to perceived selling pressure and may temper momentum. Read More. Read More.

FedEx Price Performance

FedEx stock opened at $380.05 on Friday. The stock's fifty day moving average price is $367.19 and its two-hundred day moving average price is $308.36. FedEx Corporation has a one year low of $201.10 and a one year high of $392.86. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.47 and a quick ratio of 1.44. The firm has a market cap of $90.68 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.60 and a beta of 1.28.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, topping analysts' consensus estimates of $4.12 by $1.13. FedEx had a return on equity of 16.76% and a net margin of 4.88%.The firm had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. During the same quarter last year, the company earned $4.51 EPS. The company's revenue was up 8.3% on a year-over-year basis. As a group, research analysts expect that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 9th were paid a $1.45 dividend. The ex-dividend date was Monday, March 9th. This represents a $5.80 annualized dividend and a dividend yield of 1.5%. FedEx's dividend payout ratio (DPR) is presently 30.87%.

FedEx Profile

FedEx Corporation NYSE: FDX is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx's core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.

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