FedEx Corporation $FDX Shares Sold by Edgar Lomax Co. VA

Key Points

• Edgar Lomax Co. VA reduced its holdings in FedEx Corporation by 9.0%, selling 25,320 shares and now owns 256,210 shares, making FedEx the firm's 8th largest holding.
• Institutional investor ownership of FedEx stands at 84.47%, with several firms, including Nuveen LLC and ACR Alpine Capital, significantly increasing their stakes during the first quarter.
• FedEx recently announced a quarterly dividend of $1.45 per share, representing a 2.6% dividend yield based on an annualized payout of $5.80.

Edgar Lomax Co. VA reduced its position in shares of FedEx Corporation (NYSE:FDX - Free Report) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,210 shares of the shipping service provider's stock after selling 25,320 shares during the period. FedEx comprises 3.9% of Edgar Lomax Co. VA's portfolio, making the stock its 8th largest position. Edgar Lomax Co. VA owned 0.11% of FedEx worth $62,459,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Transce3nd LLC acquired a new stake in FedEx in the fourth quarter valued at $26,000. Accredited Wealth Management LLC acquired a new stake in FedEx in the 4th quarter valued at about $35,000. Optiver Holding B.V. acquired a new stake in FedEx in the 4th quarter valued at about $39,000. Abound Financial LLC purchased a new stake in FedEx during the first quarter valued at about $38,000. Finally, Ameriflex Group Inc. purchased a new stake in FedEx during the fourth quarter valued at about $43,000. 84.47% of the stock is owned by institutional investors and hedge funds.

FedEx Price Performance

Shares of NYSE FDX traded up $10.9110 during midday trading on Friday, reaching $236.1910. 1,749,295 shares of the company traded hands, compared to its average volume of 1,981,886. The firm has a market cap of $55.73 billion, a PE ratio of 13.99, a PEG ratio of 1.18 and a beta of 1.30. The stock's 50-day simple moving average is $229.69 and its 200-day simple moving average is $231.10. FedEx Corporation has a 12 month low of $194.29 and a 12 month high of $308.53. 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 (NYSE:FDX - Get Free Report) last issued its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%.The company had revenue of $22.20 billion during the quarter, compared to analysts' expectations of $21.86 billion. During the same period last year, the business earned $5.41 earnings per share. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. As a group, equities analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Dividend Announcement

The firm also recently announced 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. The ex-dividend date 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 (DPR) is 34.36%.

Analyst Ratings Changes

FDX has been the topic of a number of research reports. Wall Street Zen downgraded FedEx from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. UBS Group dropped their price objective on FedEx from $311.00 to $297.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. BMO Capital Markets dropped their price objective on FedEx from $275.00 to $260.00 and set a "market perform" rating on the stock in a report on Monday, May 19th. TD Cowen dropped their price objective on FedEx from $310.00 to $269.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Finally, Cowen restated a "buy" rating 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 given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $283.13.

Insider Activity

In other news, Director Paul S. Walsh sold 3,610 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total value of $860,226.90. Following the completion of the sale, the director directly owned 15,513 shares in the company, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Marvin R. Ellison sold 3,610 shares of FedEx stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $236.94, for a total value of $855,353.40. Following the completion of the sale, the director owned 7,720 shares of the company's stock, valued at approximately $1,829,176.80. The trade was a 31.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,343 shares of company stock worth $2,228,816. 8.87% of the stock is owned by corporate insiders.

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.