EntryPoint Capital LLC Purchases Shares of 1,693 FedEx Corporation $FDX

Key Points

• EntryPoint Capital LLC has purchased a new position in FedEx Corporation valued at approximately $413,000, acquiring 1,693 shares during the first quarter.
• Analyst updates show varying price target changes for FedEx, with BMO Capital Markets lowering their target from $275.00 to $260.00 while Susquehanna raised it from $290.00 to $295.00.
• FedEx has announced a quarterly dividend of $1.45 per share, representing an annualized dividend yield of 2.6%, with the payment scheduled for October 1st.

EntryPoint Capital LLC purchased a new position in FedEx Corporation (NYSE:FDX - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,693 shares of the shipping service provider's stock, valued at approximately $413,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FDX. Transce3nd LLC purchased a new stake in FedEx in the fourth quarter worth $26,000. Accredited Wealth Management LLC purchased a new position in FedEx during the fourth quarter valued at $35,000. Abound Financial LLC purchased a new position in FedEx during the first quarter valued at $38,000. Optiver Holding B.V. purchased a new position in FedEx during the fourth quarter valued at $39,000. Finally, Ameriflex Group Inc. purchased a new position in FedEx during the fourth quarter valued at $43,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

Analysts Set New Price Targets

FDX has been the subject of several recent research reports. UBS Group lowered their price objective on FedEx from $311.00 to $297.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Truist Financial reissued a "buy" rating and set a $275.00 price objective on shares of FedEx in a research report on Wednesday, June 25th. Wells Fargo & Company raised their price objective on FedEx from $220.00 to $235.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 25th. Barclays reissued an "overweight" rating and set a $320.00 price objective (down previously from $330.00) on shares of FedEx in a research report on Wednesday, June 25th. Finally, Stephens reissued an "overweight" rating and set a $300.00 price objective on shares of FedEx in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $283.13.

Insiders Place Their Bets

In other FedEx news, Director Marvin R. Ellison sold 3,610 shares of the business's 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $241.75, for a total value of $513,235.25. Following the completion of the transaction, the director directly owned 8,935 shares of the company's stock, valued at approximately $2,160,036.25. This trade represents a 19.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,343 shares of company stock valued at $2,228,816. 8.87% of the stock is owned by insiders.

FedEx Stock Performance

NYSE:FDX traded up $10.9110 during mid-day trading on Friday, reaching $236.1910. The company's stock had a trading volume of 1,749,766 shares, compared to its average volume of 1,901,417. FedEx Corporation has a 12-month low of $194.29 and a 12-month high of $308.53. The firm's fifty day moving average price is $229.94 and its two-hundred day moving average price is $230.84. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The stock has a market cap of $55.73 billion, a P/E ratio of 13.99, a PEG ratio of 1.23 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 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 business had revenue of $22.20 billion during the quarter, compared to analyst estimates of $21.86 billion. During the same quarter in the previous year, the firm earned $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, equities analysts forecast that FedEx Corporation will post 19.14 EPS for the current fiscal year.

FedEx Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Monday, September 8th will be given a $1.45 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $5.80 dividend on an annualized basis and a yield of 2.5%. FedEx's payout ratio is 34.36%.

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.