Ethic Inc. Increases Stock Position in FedEx Corporation $FDX

Key Points

• Ethic Inc. increased its stake in FedEx by 7.9%, owning 15,384 shares valued at $3.72 million as of the latest SEC filing.
• Wall Street analysts have a consensus rating of "Moderate Buy" for FedEx, with average price targets ranging from $235 to $300.
• FedEx recently announced a quarterly dividend of $1.45 per share, aiming to provide an annual yield of 2.6% for investors.

Ethic Inc. boosted its position in FedEx Corporation (NYSE:FDX - Free Report) by 7.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,384 shares of the shipping service provider's stock after buying an additional 1,130 shares during the quarter. Ethic Inc.'s holdings in FedEx were worth $3,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Transce3nd LLC purchased a new position in FedEx in the 4th quarter valued at approximately $26,000. Accredited Wealth Management LLC purchased a new stake in shares of FedEx during the fourth quarter worth $35,000. Optiver Holding B.V. bought a new position in shares of FedEx in the fourth quarter worth $39,000. Abound Financial LLC purchased a new position in shares of FedEx in the first quarter valued at $38,000. Finally, Ameriflex Group Inc. bought a new stake in shares of FedEx during the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 84.47% of the company's stock.

FedEx Price Performance

FDX stock traded down $5.9050 during midday trading on Wednesday, reaching $227.2250. The company had a trading volume of 1,284,225 shares, compared to its average volume of 1,986,833. The firm has a 50-day moving average price of $229.63 and a 200-day moving average price of $231.28. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.19 and a quick ratio of 1.15. The company has a market capitalization of $53.60 billion, a P/E ratio of 13.46, a P/E/G ratio of 1.19 and a beta of 1.30. FedEx Corporation has a 1 year low of $194.29 and a 1 year high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last posted its quarterly earnings data on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.98 by $0.09. The company had revenue of $22.20 billion during the quarter, compared to the consensus estimate 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 firm posted $5.41 EPS. FedEx has set its Q1 2026 guidance at 3.400-4.000 EPS. On average, research analysts anticipate that FedEx Corporation will post 19.14 earnings per share for the current fiscal year.

FedEx Announces Dividend

The company 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 $1.45 dividend. This represents a $5.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Monday, September 8th. FedEx's dividend payout ratio is presently 34.36%.

Insider Activity

In related news, Director Paul S. Walsh sold 3,610 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $238.29, for a total transaction of $860,226.90. Following the transaction, the director directly owned 15,513 shares of the company's stock, valued at approximately $3,696,592.77. This trade represents a 18.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director R Brad Martin sold 2,123 shares of the business's stock in a transaction that occurred on 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 sale, the director owned 8,935 shares of the company's stock, valued at $2,160,036.25. The trade was a 19.20% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,343 shares of company stock worth $2,228,816. 8.87% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FDX has been the topic of a number of recent research reports. Stifel Nicolaus set a $315.00 price objective on FedEx in a report on Wednesday, June 25th. Barclays reissued an "overweight" rating and issued a $320.00 price target (down from $330.00) on shares of FedEx in a report on Wednesday, June 25th. Susquehanna boosted their price objective on shares of FedEx from $290.00 to $295.00 and gave the company a "positive" rating in a research note on Wednesday, June 25th. JPMorgan Chase & Co. increased their target price on shares of FedEx from $260.00 to $290.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $260.00 price target (down from $275.00) on shares of FedEx in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, FedEx currently has an average rating of "Moderate Buy" and an average target price of $283.13.

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.