Ceredex Value Advisors LLC Increases Stock Position in FedEx Corporation $FDX

Key Points

• Ceredex Value Advisors LLC increased its stake in FedEx by 121.3%, holding around 183,427 shares worth approximately $44.7 million after acquiring an additional 100,528 shares in the first quarter.
• FedEx's most recent quarterly earnings showed $6.07 earnings per share, exceeding analysts' estimates, with revenue reaching $22.20 billion for the quarter.
• In a recent insider transaction, Director Marvin R. Ellison sold 3,610 shares at an average price of $236.94, reducing his position by 31.86%.

Ceredex Value Advisors LLC raised its stake in shares of FedEx Corporation (NYSE:FDX - Free Report) by 121.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 183,427 shares of the shipping service provider's stock after buying an additional 100,528 shares during the period. Ceredex Value Advisors LLC owned about 0.08% of FedEx worth $44,716,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Accredited Wealth Management LLC bought a new stake in shares of FedEx during the 4th quarter valued at $35,000. Optiver Holding B.V. bought a new position in shares of FedEx during the 4th quarter valued at about $39,000. Abound Financial LLC bought a new position in shares of FedEx during the 1st quarter valued at about $38,000. Ameriflex Group Inc. purchased a new stake in shares of FedEx during the 4th quarter valued at about $43,000. Finally, Cary Street Partners Investment Advisory LLC raised 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 valued at $46,000 after buying an additional 71 shares in the last quarter. Institutional investors own 84.47% of the company's stock.

Insider Activity

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $236.94, for a total value of $855,353.40. Following the sale, the director directly owned 7,720 shares of the company's stock, valued at approximately $1,829,176.80. This represents a 31.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director R Brad Martin sold 2,123 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $241.75, for a total transaction of $513,235.25. Following the completion of the sale, the director directly 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. In the last three months, insiders have sold 9,343 shares of company stock valued at $2,228,816. Company insiders own 8.87% of the company's stock.

FedEx Stock Down 1.6%

Shares of NYSE FDX opened at $232.9780 on Tuesday. The company's 50-day simple moving average is $230.07 and its 200-day simple moving average is $230.49. FedEx Corporation has a 52-week low of $194.29 and a 52-week high of $308.53. The firm has a market cap of $54.97 billion, a price-to-earnings ratio of 13.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.30. The company has a quick ratio of 1.15, a current ratio of 1.19 and a debt-to-equity ratio of 0.68.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, topping analysts' consensus estimates of $5.98 by $0.09. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.86 billion. FedEx had a net margin of 4.65% and a return on equity of 16.34%. During the same period in the previous year, the business posted $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. Equities analysts predict 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. Stockholders of record on Monday, September 8th will be paid a $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, September 8th. FedEx's payout ratio is 34.36%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Cowen reissued a "buy" rating on shares of FedEx in a research report on Wednesday, June 25th. TD Cowen dropped their target price 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. Bank of America dropped their price objective on shares of FedEx from $270.00 to $245.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Raymond James Financial restated an "outperform" rating and issued a $260.00 target price (down from $275.00) on shares of FedEx in a research note on Wednesday, June 25th. Finally, Stifel Nicolaus set a $315.00 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 issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $283.13.

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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