Caisse DE Depot ET Placement DU Quebec Sells 76,107 Shares of FedEx Corporation $FDX

Key Points

• Caisse DE Depot ET Placement DU Quebec has reduced its stake in FedEx Corporation by 38.5%, now owning 121,515 shares valued at approximately $29.6 million.
• FedEx reported a quarterly earnings per share (EPS) of $6.07, surpassing analysts' expectations of $5.98, with a revenue of $22.20 billion.
• The company announced a quarterly dividend of $1.45 per share, set to be paid on October 1st, reflecting an annualized dividend yield of 2.5%.

Caisse DE Depot ET Placement DU Quebec reduced its position in FedEx Corporation (NYSE:FDX - Free Report) by 38.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,515 shares of the shipping service provider's stock after selling 76,107 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.05% of FedEx worth $29,623,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new position in FedEx during the 1st quarter worth approximately $314,650,000. ACR Alpine Capital Research LLC lifted its position 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 acquiring an additional 732,266 shares in the last quarter. GAMMA Investing LLC lifted its position 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 acquiring an additional 542,605 shares in the last quarter. Worldquant Millennium Advisors LLC lifted its position 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 acquiring an additional 318,448 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new stake in FedEx during the 4th quarter worth approximately $86,960,000. 84.47% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director R Brad Martin sold 2,123 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $241.75, for a total transaction of $513,235.25. Following the transaction, the director owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. This represents a 19.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul S. Walsh sold 3,610 shares of the 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 sale, 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,343 shares of company stock valued at $2,228,816. Insiders own 0.53% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FDX. BNP Paribas Exane upgraded FedEx from an "underperform" rating to an "outperform" rating and set a $270.00 price target for the company in a report on Thursday, July 3rd. Sanford C. Bernstein cut their price objective on FedEx from $282.00 to $249.00 and set a "market perform" rating for the company in a report on Friday, June 13th. Dbs Bank upgraded FedEx from a "hold" rating to a "moderate buy" rating in a report on Thursday, August 21st. Susquehanna upped their target price on FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a report on Wednesday, June 25th. Finally, Truist Financial reaffirmed a "buy" rating and set a $275.00 target price on shares of FedEx in a 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $282.96.

FedEx Stock Down 0.1%

FDX stock traded down $0.31 during mid-day trading on Friday, hitting $230.96. The stock had a trading volume of 1,485,470 shares, compared to its average volume of 1,702,863. 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 1-year low of $194.29 and a 1-year high of $308.53. The company has a fifty day moving average of $230.69 and a 200 day moving average of $229.88. The stock has a market capitalization of $54.49 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 1.20 and a beta of 1.30.

FedEx (NYSE:FDX - Get Free Report) last issued its earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping the consensus estimate of $5.98 by $0.09. The company had revenue of $22.20 billion for the quarter, compared to analyst estimates 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 firm posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, equities analysts expect 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 issued a dividend of $1.45 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. FedEx's dividend payout ratio is currently 34.36%.

FedEx 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.